Temporary Bridging Financing Programme (TBFP) was introduced in response to the COVID-19 outbreak, to help enterprises manage their immediate cash flow needs.
As announced on 18 February 2022, TBFP will be extended for another 6 months from 1 Apr 2022 to 30 Sep 2022.
Under this extension, government risk-share remains unchanged at 70 per cent with the maximum financing quantum per borrower lowered to S$1 million (S$3 million previously) in order to continue to keep borrowing costs low for local enterprises to support their cashflow needs.
Find out more about TBFP here.