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  1. Business Loans & Working Capital
  2. Easy Trade Facility

Easy Trade Facility

Experience peace of mind while you embark new growth opportunities for your business trade needs

Trade Facility application made easy
  • Application

  • Collateral Needed

  • Facility Structure

Features

Relationship Manager and Client Service Managers

Dedicated team to attend to your business needs.

Product Specialists

Experienced specialists to support your business in trade, cash management, wealth and more.

Our International Network

Build your business by leveraging on our extensive international trade network that spans over 50 countries. Find out more

Straight2Bank

Online banking platform designed for all your business transactional needs Find out more
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  • Company’s operating bank account statements for the past 6 months
  • Latest 12 months Goods & Services Tax returns statements if you are a GST registered company
  • EFS Application Form(Please access using Internet Explorer)
  • For more details, please click here for more information provided by Enterprise Singapore. Effective from 1st April 2021 – Companies get to enjoy up to 90% in premium rate subsidies from Government for EFS Trade Financing schemes

  • Partnerships / Private Limited Companies
  • Registered and operating in Singapore
  • 50% or more shareholdings is effectively held by Singaporeans / PRs
  • Minimum 5 years of business operations
  • Entity must be profit making and have positive net worth in latest financial year

The Bank offers up to US$1million and an additional limit up to US$50,000 to cover your FX hedging needs under the Easy Trade Facility.

*Successful applicants may be granted up to a maximum of US$0.5million of facilities which must be secured by government scheme and up to a maximum of an additional US$0.5million of facilities which must be secured by Cash.

The facility size we grant will depend on each business’ financials such as sales turnover, overall banking facilities and exposure with other financial institutions.
All credit facilities are subjected to the Bank’s approval.

Our Easy Trade Facility requires you to maintain an operating account with us. Operating account refers to any current account with the bank in the form of Smart Business$aver, BusinessOne or Business$aver current account. In addition, 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.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.