Bridging Loan Programme Features The Bridging Loan Programme (BLP) is a new interim fixed interest rate financing programme offered to local enterprises. BLP is to help companies gain access to credit to meet their working capital needs and it is administered by SPRING Singapore and offered through the Participating Financial Institutions (PFIs). The default risk will be shared between the Government through SPRING Singapore and the PFI. BLP is extended to both SMEs and Non-SMEs. How to qualify under BLP? Companies seeking this facility will need to fulfill the following criteria: Eligibility Criteria under BLP For SMEs For Non-SMEs (Large Enterprise) For Foreign SMEs Your company must be registered or incorporated in Singapore, with at least 30% local shareholding. If your company is in the service or construction sector, your GROUP must not have more than 200 employees. If your company is in the manufacturing sector, your GROUP fixed asset investment must not exceed S$15 million. Your company must be registered or incorporated in Singapore, with at least 30% local shareholding. No cap on GROUP fixed asset investment. No cap on number of employees. Your company must be incorporated in Singapore. GROUP fixed asset investment must not exceed S$15 million. Has at least one individual shareholder directly holding at least 10% of total number of issued ordinary shares. Your company is a tax resident of Singapore and must have significant contribution to Singapore economy.   Types of Loan Facility Working Capital Term Loan The loan facility can be structured up to a maximum term of 2 years.   Loan Quantum The maximum loan limit under Bridging Loan Programme is S$2 million per enterprise across all Participating Financial Institutions.   Interest Rate Minimum of 5.5% p.a. (monthly rest-in-arrears).   Enquiry Form Fill up our online enquiry form and we will contact you shortly.   Contact Information For more information and enquiries, you can contact us at tel: 1800-3388 338.