DBS offers bridging loans for SMEs awaiting grants
This will be a boon to cash-constrained SMEs: Bridging the gap between Government grant approval and project completion.
DBS has recently announced its plan to provide bridging loans for SMEs who have received approvals for government grants.
It's the first bank in Singapore to offer such financing but other local banks are likely to follow suit. It's understood the loan would be collateral-free and would enjoy preferential interest rates. For more details, refer to the original article here.