MAS SGD Facility for ESG Loans
The MAS SGD Facility for ESG Loans (“Facility”) provides lower-cost funding for banks and finance companies to grant loans under Enterprise Singapore’s Enhanced Enterprise Financing Scheme – SME Working Capital Loan (“EFS-WCL”) and Temporary Bridging Loan Programme (“TBLP”). The EFS-WCL helps Singapore-based small and medium enterprises (“SMEs”) access financing for their operational cash flow needs, while the TBLP provides additional cash flow support for companies in all sectors to meet their working capital needs. Banks and finance companies participating in the EFS-WCL and TBLP can apply for funds at the Facility until April 2021. The reduction in funding cost will help to lower the interest rates charged to eligible corporate borrowers.