Eligibility
Checked against criteria read from Enterprise Singapore on 17 August 2026.
Source
Eligible, or not, and exactly which rule decides it.
This checks the published rules for the SME Working Capital Loan, nothing more. It will not score your business out of 100, because a score computed from a few fields would be theatre. Eligibility is a scheme rule and it is knowable. Approval is a bank's decision and it is not.
- One borrower
- S$500,000
- The group
- S$5,000,000
- The cap you heard
- 10×
Does not applyYour inputs do not meet the scheme's eligibility rules, so no quantum is yours to see. See exactly which rule below.
The 1 September 2026 to 31 March 2027 windowWhat changes on 1 September 2026The enhanced risk share is open nowHow the risk share is set
From 1 September 2026 until 31 March 2027, the government carries 70% of the risk on this loan for all enterprises, not only for young enterprises. Outside those dates an established business gets 50% and a young enterprise 70%.From 1 September 2026 until 31 March 2027, the government carries 70% of the risk on this loan for all enterprises, not only for young enterprises. Outside that window an established business gets 50% and a young enterprise 70%. If your timing is at all flexible, that difference is worth knowing about before you apply.Right now the government carries 70% of the risk on this loan for all enterprises, not only for young enterprises. That ends 31 March 2027, after which an established business is back to 50% and a young enterprise to 70%.An established business gets 50% and a young enterprise 70%. A young enterprise is under five years old with more than half its equity held by individuals.
What the risk share does not do
It is not a discount, and it is not a subsidy on your interest. The percentage describes how much of the bank's loss the government absorbs if the loan goes bad. It changes the bank's appetite for saying yes, which is the whole point of it, and it changes nothing about what you are charged.
Enterprise Singapore is explicit about the price. Its own words on this scheme: Subject to the participating financial institution assessment of risk. No rate cap.
So being eligible tells you a bank is more likely to lend to you. It does not tell you what it will cost, and anyone presenting a government scheme as though it settles your rate has skipped that line.
The size test is "or", not "and"
A business counts as an SME here on group revenue of up to S$100,000,000 or a headcount of at most 200. Either one is enough on its own. A twelve person business turning over more than S$100,000,000 still passes on headcount, and a lower revenue business with a large payroll still passes on revenue. Reading it as "and" is the most common way a business talks itself out of applying.
Separately, and this one is an "and", group annual sales turnover must not exceed S$500,000,000, the business must be registered and operating in Singapore, and at least 30% of the equity must be held directly or indirectly by Singaporeans or Singapore permanent residents.
Two caps, and the larger one is probably not yours
The figure quoted as this scheme's ceiling is usually S$5,000,000. That is the cap across a whole borrower group. One borrower is capped at S$500,000, which is a 10 times smaller number, and it is the one that decides what you can draw. The group figure only becomes relevant if related companies have already borrowed under this same scheme, and then it works against you rather than for you, because their borrowing comes off what is left.
Every figure on this page is from Enterprise Singapore's own page for this scheme, read 17 August 2026. Repayment runs to 5 years.
Enquiry
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