9 Best SME Business Loan Providers in Singapore (2026)
Compare 9 SME business loan options in Singapore: banks, a licensed lending platform and Enterprise Singapore's financing scheme, with notes on regulation.
- Edited by
- Amir Wahab
- Published
- Reading time
- 6 min read
AI image by LocalRankSmall business owners in Singapore can borrow from banks, from regulated online lending platforms, and through government-backed schemes that run via banks. This directory gathers eight providers that describe themselves as regulated in Singapore, plus Enterprise Singapore's financing scheme as an information entry. The order is editorial grouping, not a ranking, and nothing here is advice on whether to borrow. Each write-up attributes claims to the provider's own site and leaves out rates, fees, loan sizes and promotions, because those change. Use the list to find who to ask, then read each provider's current terms and compare quotes yourself. Always verify a lender's licence before sharing business documents.
1. DBS Bank
DBS is one of Singapore's three local banks, and its SME pages list a Business Loan and an SME Working Capital Loan, both described as repaid through fixed monthly instalments. The bank also lists an Enterprise Financing Scheme green financing option for sustainability-related projects. Its site says the working capital loan is meant to cover day-to-day cash flow, while the term-style business loan is positioned for growth and expansion plans. DBS carries the Singapore Deposit Insurance Corporation notice on its site, which applies to eligible deposits rather than to loans. Amounts, pricing, tenors, fees and eligibility change over time and differ between products, so confirm them on the product page and in the bank's current terms before applying.
2. OCBC Bank
OCBC's business banking site groups its SME lending under several headings: Business Loans, a Business First Loan for young startups, an SME Working Capital Loan, a Commercial Property Loan and a Revolving Term Loan. The working capital loan page describes an online application that uses MyInfo Business or Singpass, and it carries a disclaimer that its calculator figures are illustrations rather than an OCBC offer. OCBC publishes the Singapore Deposit Insurance Corporation notice on its site, which concerns deposits rather than borrowing. Eligibility, pricing and any fees are set by the bank and can change, so read the live product page and the bank's terms, and ask an OCBC officer if anything is unclear.
3. UOB
UOB's business loan page presents a bundled arrangement that pairs the SME Working Capital Loan, offered under Enterprise Singapore's Enterprise Financing Scheme, with UOB BizMoney, an unsecured business loan. The page describes both as collateral-free, though it notes that a personal guarantee may be required. It lists sole proprietorships, partnerships and private limited companies as the business types it covers. UOB's site carries the Singapore Deposit Insurance Corporation deposit notice and offers a contact form for working capital loan enquiries. Loan sizes, pricing, fees and eligibility rules are the bank's to set and may change, so check the current product page and speak to the bank directly before relying on any summary like this one.
4. Standard Chartered Singapore
Standard Chartered's Singapore site describes its Business Instalment Loan as an unsecured term loan for Singapore-registered businesses, repaid in fixed monthly instalments debited from a complimentary current account, with a personal guarantee rather than collateral. The page says the application relies on goods and services tax statements and operating account statements instead of full financial statements. Separately, the bank has a page for the government-assisted SME Working Capital Loan under Enterprise Singapore's scheme, in which the government shares part of the default risk. The page carries the Singapore Deposit Insurance Corporation notice for deposits. Terms, pricing and eligibility belong to the bank and can change, so confirm them on its current product pages.
5. HSBC Singapore
HSBC Bank (Singapore) Limited sets out its SME financing through a page that lists the Enterprise Singapore schemes it takes part in: the SME Working Capital Loan, the SME Fixed Assets Loan, trade loans, project loans, green financing and mergers and acquisitions financing. The page states that these measures depend on HSBC's own credit and internal approvals, and that loans also need Enterprise Singapore approval where a scheme applies. HSBC's website footer displays the Singapore Deposit Insurance Corporation notice for deposits. Because scheme parameters and bank criteria are revised from time to time, use the page as a map of what is offered and verify current conditions directly with the bank before applying.
6. CIMB Singapore
CIMB's Singapore business site has a Commercial Loans and Financing section where it lists CIMB BizGrow, which its page describes as a collateral-free working capital loan to cover short-term operating costs such as bills, rent and payroll. It also points to CIMB BizAssist, a government-assisted working capital option under Enterprise Singapore's scheme. The site's footer shows the Singapore Deposit Insurance Corporation membership logo and consumer guides, which relate to deposits. It lists an email address and a callback form for business enquiries. Product limits, pricing and eligibility are set by the bank and change over time, so read the live product pages and CIMB's terms carefully before applying, and ask the bank directly if anything is unclear to you.
7. GXS Business Banking
GXS Bank is a Singapore digital bank, and its business banking site lists lending products that include GXS FlexiLoan Biz, a standby credit line, plus working capital loans, invoice financing, accounts payable financing, purchase order financing and a property-backed loan. The bank said in 2025 that it had acquired the Singapore business of Validus Capital, a lender to small firms, and that it now offers supply chain and working capital financing through that arm, marketed as GXS Capital. The site's footer says GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore. Product features and costs vary, so check the live terms and any current conditions on the site.
8. Funding Societies Singapore
Funding Societies describes itself as an SME digital financing and debt investment platform, in which financing for businesses is funded by individual and institutional investors. Its site lists products such as business term loans, a revolving credit line, accounts payable and receivable financing, a trade term loan, start-up financing and property-backed secured financing. The footer says Funding Societies Pte. Ltd. holds a Capital Markets Services licence, and a separate group company holds a major payment institution licence; the site also links to a risk disclosure statement. Because this is a marketplace rather than a bank, deposits are not covered by deposit insurance, and cost and eligibility vary by facility, so read the current terms.
9. Enterprise Singapore Enterprise Financing Scheme
This is a government scheme rather than a lender, included for information. Enterprise Singapore's page describes the Enterprise Financing Scheme as a tool to help Singapore enterprises access financing more readily across growth stages, covering categories such as working capital, fixed assets, trade, project, venture debt, green and mergers and acquisitions loans. The agency says it shares part of the loan default risk with participating financial institutions, so businesses apply through those institutions rather than to the agency itself. The page also states that the scheme has eligibility conditions, including local ownership and company size. Check the agency's current page for the participating institutions list, and ask the bank about its own credit approval.
How to choose
- Check the regulatory status first. Banks should show a Singapore licence and deposit insurance notice on their site, while lending platforms should state which licence from the Monetary Authority of Singapore they hold. Verify the claim on the MAS Financial Institutions Directory yourself, and avoid any lender you cannot find there.
- Compare the full cost of borrowing, not just the headline rate. Ask for the effective interest rate, processing and early repayment fees, late charges and any penalties in writing, and read the product summary and facility letter carefully so that you understand every charge before you sign anything.
- Understand who is liable if the business struggles. Many unsecured business loans still ask directors or owners for personal guarantees, which can put personal assets at risk. Read the guarantee terms, the default provisions and what happens on missed payments, and consider asking an accountant or lawyer to review them.
- Look at how government schemes work. Under Enterprise Singapore's scheme the agency shares part of the default risk with banks, but the bank still makes the credit decision and the borrower remains fully liable. Check eligibility criteria, repayment structure and whether your business qualifies on the agency's current page.
- Ask how the lender communicates and supports you. Find out the application process, what documents are needed, how decisions are explained, how to reach a real person, and how complaints are handled. Choose a provider whose terms you fully understand, and borrow only what the business can realistically repay.
. No changes recorded since.
Founder and Editor
Amir Wahab is the founder and editor of LocalRank, an independent Singapore rankings and local guides publication.
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