IMPORTANT - Note from Editor:
The following is a compilation of initiatives by OCBC Bank, Singapore. All information below is directly retrieved from the OCBC website, with certain sections summarised by the Reapra team for brevity. To view the complete description of each measure, please refer to their respective links.
To ensure relevance for our readers, we are only providing measures relating to support for businesses. For the full listing of measures, please head over to the OCBC website.
Key source: OCBC website
• Collateral-free temporary bridging loan of up to S$5,000,000 with flexible tenure, at lower interest rates.
• Working capital financing of up to S$1,000,000 at lower interest rates.
• Deferment of principal payments on secured SME loans until 31 December 2020, and extension of loan tenure by up to the corresponding principal deferment period. (Effective from 6 April 2020).
With more stringent safe distancing measures being implemented, we have curated useful digital solutions that can help SMEs buy, sell and operate online. Refer to the link to look at the full list of digital support solutions and packages.
Updated 9 April 2020
Cover image: Spacesense