CIMB COVID-19 Schemes

A suite of relief assistance for businesses impacted by the COVID-19 outbreak. You will be able to access working capital to bridge short-term cashflow gaps in your daily operations.

 

CIMB BizAssist

We offer one of the most attractive packages in the market for small and medium enterprises across all industries, to address their working capital needs.

CIMB BizAssist Features

Loan Amount

From 1 October 2022 – 31 March 2023

Up to S$500,000 / Borrower

Up to S$5 Million / Borrower Group*

Note: there is an overall loan exposure limit of S$50 million per Borrower Group* across all facilities.

Loan Tenure

Up to 5 years

Interest Rate

Competitive Rate

Eligibility

  • Be a business entity that is registered and physically present in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • Has Group Annual Sales Turnover of not more than S$500 million
  • For "SME Working Capital", the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees

* Borrower Group consists of the following:

  1. Applicant Company; and
  2. Corporate shareholders holding more than 50% shareholdings at all levels up; and
  3. Subsidiaries where the Applicant Company holds more than 50% shareholdings and subsequent subsidiaries at all levels down; and
  4. Subsidiaries where the Applicant's Ultimate Parent Company holds more than 50% shareholdings and its subsidiaries at all level down. 

How To Apply

Step 1: Download the following form

 

 

Step 2: Submit form to sg.commercialbanking@cimb.com

 

 

OR

 

More Information

CIMB BizAssist (Working Capital Loan)

SME Working Capital Loan (SME WCL) is an Enterprise Singapore initiative to help local small businesses gain unsecured working capital financing under the Enterprise Financing Scheme (EFS).

 

Find out more about EFS here.

Shariah-compliant Alternatives

SMEs can now apply for the CIMB BizAssist-i (WCF) financing amount of up to S$500,000:

CIMB BizAssist-i (Working Capital Financing)

CIMB is offering one of the most attractive packages in the market, including Islamic solutions, for small and medium enterprises (SMEs) across all industries to address their working capital needs.

CIMB BizAssist-I Features

Max Financing Quantum

From 1 October 2022 – 31 March 2023

      Up to S$500,000 / Customer

      Up to S$5 Million / Customer Group*

      Note: there is an overall financing exposure limit of S$50 million per Customer Group* across all facilities.

Max Financing Tenure

Up to 5 years

Financing Profit Rate

Competitive rate

Eligibility

  • Be a business entity that is registered and physically present in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • Has Group Annual Sales Turnover of not more than S$500 million.
  • For "SME Working Capital", the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees.

* Customer Group consists of the following:

 

  1.    Applicant company; and
  2.    Corporate shareholders holding more than 50% shareholding at all levels up; and
  3.    Subsidiaries where the Applicant Company holds more than 50% shareholding and any subsequent subsidiaries all levels down; and
  4.    Subsidiaries where the Applicant's Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all levels down.
 

How To Apply

Step 1: Download the following form

 

 

Step 2: Submit form to sg.commercialbanking@cimb.com

 

 

OR

 

More Information

CIMB BizAssist-i (Working Capital Financing)

SME Working Capital Financing (SME WCF) is an Enterprise Singapore initiative to help local small businesses gain unsecured working capital financing under the Enterprise Financing Scheme (EFS). 

 

Find out more about EFS here.