Credit Facilities

Power Up with DBS - LEFS/V-LEFS Bridging Loan

In conjunction with SPRING Singapore - LEFS Bridging Loan Programme

In conjunction with the Standards, Productivity and Innovation Board (SPRING Singapore) Local Enterprise Finance Scheme (LEFS) - Bridging Loan Programme, DBS Enterprise Banking launched Power Up with DBS on 1 December 2008.

Power Up with DBS is a special financing package to help local enterprises gain access to short-term financing to augment their working capital needs.

The loan will be structured as a term loan and we can consider term loans without collateral.

Customer Eligibility

To qualify for Power Up with DBS, your company must have at least 30% local shareholding.

Local businesses involved in all industries and sectors are eligible for the loans under Power Up with DBS.

Terms of Loan

Maximum loan amount	: SGD 2 million per company
Interest rate	: From 5.50% p.a (fixed monthly rests)
Tenure	: Up to two years
Facility type	: Term loan
Administrative Fee	:A one time flat fee of SGD 500 is payable upon loan disbursement (waived for loan amounts more than SGD 100,000)

Use of loan

• Working capital purposes (e.g. financing company's daily operation costs)
• Any other uses deemed satisfactory by DBS/SPRING Singapore

For application form

1. Click here to download SPRING Singapore Application Form.
2. Click here to download DBS Corporate Credit Request Form.
3. Call our Relationship Officers at 1800 222 2200.
4. Email us at smebanking@dbs.com.