As announced in the Budget 2020, the Temporary Bridging Loan Programme will provide cash flow support for enterprises across all sectors.
About Us
JC Solution
Experience in finance. Invested in you
We are a group of professional consultants that are able to accommodate and listen to our clients’ needs. We have our in-house professional consultants with past experiences in banks application process who will guide you through this tedious loan application with banks. As partners’ with the seven banks in Singapore, we are able to secure the best rates for our clients.
Features and Benefits
No collateral required
Best rates
High loan amount of up to $5,000,000 with competitive rates
Special deferment scheme for the first 6 or 12 months
Service only interest for first 6 or 12 months, thereafter principal and interest for the remaining of loan tenor
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Before You Apply
Eligibility
Singapore registered company and operating locally.
Minimum 30% shareholding by Singaporean or Singapore PR.
Group revenue of up to S$100 million or maximum employment of 200 employees.
Terms and conditions
*Terms and conditions apply.
Frequently Asked Questions
What is the objective of the Temporary Bridging Loan Programme?
The Temporary Bridging Loan Programme was introduced to help the SMEs access working capital. As announced in Budget 2020, this scheme is eligible to all sectors, with 90% risk share by the Government. SMEs under this scheme may also apply for up to 1-year deferral of principal repayment to help them reduce their monthly cash outflow.
Can my business apply for the Temporary Bridging Loan multiple times with different Financial Institutions?
Yes, SMEs can approach different financial institutions to apply. However, the total aggregate amount borrowed under the scheme from different financial institutions is capped at the maximum amount of S$5 million.
What is the difference between the Temporary Bridging Loan and the Enhanced Enterprise Financing Scheme - SME Working Capital Loan?
Temporary Bridging Loan was introduced in response to the COVID-19 outbreak, to help SMEs manage their immediate cash flow needs. Eligible SMEs can borrow up to S$5 million, with interest rate capped at 5% per annum. SMEs that require help beyond the Temporary Bridging Loan can also tap on the Enhanced Working Capital Loan, which has been further enhanced to support loans of up to S$1 million.
I am a sole-proprietor, am I eligible for these loan schemes?
Yes, registered sole proprietors with company bank accounts will be eligible to apply for either of the loan schemes. Other financial and credit requirements still apply.
Testimonials
Mr Leng
F&B Business Owner
Working with Kah Mun and her team was a wonderful experience. Their professionalism and outstanding service really made me feel comfortable throughout the process. I personally recommend them to everyone I know.
Ms Hahn
Vietnam Restaurant Owner
The team was great to work with. Mandy was an awesome loan officer and helped me to get the best rates for my situation. She is knowledgeable and prompt in answering all my queries. Would recommend.
Mr Tan
Listed Company Director
I was very much impressed with the integrity and professionalism of the people I worked with to acquire this loan. I would give them 5 out of 5 stars. A special thanks to Ben for his expertise. I would highly recommend them to anyone who needs loan services.
Contact Us
JC Solution
Experience in finance. Invested in you
18 Sin Ming Lane, Midview City
#08-29
Singapore 573960
+65 8168 9069