Grow your business with a complete range of financial solutions with Business Working Capital
Apply Now Apply NowThe Bank offers up to USD 2 Million to cover your overdraft, working capital and foreign exchange hedging needs under Business Working Capital for successful application.
The facility size we grant will depend on each business’ financials such as sales turnover, overall banking facilities and exposure with other financial institutions and the value of your collateral pledged to the bank. We also offer Government Guarantee scheme to eligible SMEs.
We accept residential, commercial and industrial properties and cash collaterals. We also accept approved Government Guarantee Scheme
Our Business Working Capital facility requires you to maintain an operating account with us.Your account with us must have business inflows of at least 50% of the facility limit every quarter to qualify as an operating account. We know it takes time to move your business to a new bank, so we will only start measuring your business inflows 3 months from the month the facility is mad e available to you. Thereafter, the inflows in your account are measured once every calendar quarter. A shortfall fee of 1% per annum of the facility limit will be charged if the business inflows of at least 50% of the facility limit every quarter is not met.