Features

  • Tailored facility size

    Facility size tailored to your business

  • Simple to apply

    Simple and hassle free application process

  • Flexible facility structure

    Pick the right financing solutions to suit your business needs

Solutions and services

Every business is unique. With Business Working Capital, you get to pick the right solutions to suit your business needs and design your financing facilities from our range of trade and working capital products:

  • Overdraft
  • Short term loan
  • Trade services such as Letter of Credit/Banker’s Guarantee/Invoice Financing.
  • FX forwards

Eligibility

  • Locally incorporated operating entities in the form of sole proprietorship/ partnership or private limited company.
  • Entity owned /invested by foreign individuals/entities are acceptable
  • Holding companies not allowed
  • Exclude entities which are majority owned (≥50%) by local Government or restricted by CDD standard or local regulations
  • Minimum 3 years from date of incorporation.

Documents required

  • Partners’/Director’s personal Identification document.
  • Last 6 months business current account statements and last 4 quarters’ Goods and Services Tax (GST) return statements if you are a GST registered company.

FAQs

What is the maximum facility limit that I can get under Business Working Capital?

The Bank offers up to US$4 million* and an additional limit up to US$0.5 million to cover your FX hedging needs under Business Working Capital.


What determines the facility size that I am granted?

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. For property pledged as collateral, we can help you unlock your property’s potential with a facility size of up to 120%# of the value of your property.


What do I have to provide as collaterals?

We accept residential, commercial and industrial properties, cash collaterals and stand-by letter of credit as collaterals. Selected types of government guarantees are also accepted if no collateral is provided.


Do I need to have an account with the Bank?

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 made 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.

*Successful applicants may be granted up to a maximum of US$2 million of facilities which must be secured by residential, commercial and/or industrial properties, and up to a maximum of an additional US$2 million of facilities which must be secured by Cash and/or a Stand-by Letter of Credit.
# This is the maximum level of financing. Each successful applicant’s level of financing will differ based on different property types and other considerations.
All credit facilities are subjected to the Bank’s approval.

Get in touch

Please complete our contact form and we will be in touch as soon as possible.

Get in touch »

Call Us

Call our hotline for further information.

Please call:
1800 743 3000

Locate Us

Visit the branch that is nearest to you.

Find a Branch »

You might also be interested in

Business Instalment Loan

Expand with our unsecured Business Instalment Loan offering up to $300,000

More details »
Business Property Loan

This attractive Business Property Loan allows you to buy property in your company's name

More details »
Protection

Safeguard your business and interest with our range of hedging and insurance products.

More details »
Straight2Bank

Straight2Bank allows you to complete a wide range of transactional banking services online

More details »

      Disclaimer

      This link brings you to a third party Website, over which Standard Chartered Bank (Singapore) Limited has no control ("3rd Party Website"). Use of the 3rd Party Website will be entirely at your own risk, and subject to the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security.

      Standard Chartered Bank (Singapore) Limited makes no warranties, representations or undertakings about and does not endorse, recommend or approve the contents of the 3rd Party Website.

      In addition to the terms stated in Standard Chartered Bank (Singapore) Limited's Important Legal Notices, Standard Chartered Bank (Singapore) Limited shall have no responsibility or liability in connection with the content of or the consequences of accessing the 3rd Party Website, including any virus arising from or system failure associated with the 3rd Party Website.

      In the event of any inconsistency between the terms herein / the Bank's Important Legal Notices and the terms on the 3rd Party Website, the terms herein / the Bank's Important Legal Notices will prevail.

      By clicking "Proceed", you will be confirming that you have read and agreed to the terms herein and in the Bank's Important Legal Notices.

      Proceed

      Back to Top

      Speaking Up

      Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

      Disclaimer

      Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

      Proceed