Spring Singapore has launched a $500 million Venture Debt Programme (VDP) with DBS, OCBC and UOB to support high-growth enterprises.
Under the programme, about 100 venture debt loans will be catalysed over two years and Spring will provide 50% risk-sharing to the financial institutions.
Small and medium-sized enterprises and startups can apply for venture debt loans of up to $5 million each for working capital, assets, projects or M&As (mergers and acquisitions) for business expansion purposes.
The VDP was announced during Budget 2015 as a complement to current government loan financing schemes.
Venture debt is a form of alternative financing for enterprises with high growth potential, but which may not have established revenue streams or assets to use as collaterals.
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Under the programme, about 100 venture debt loans will be catalysed over two years and Spring will provide 50% risk-sharing to the financial institutions.
Small and medium-sized enterprises and startups can apply for venture debt loans of up to $5 million each for working capital, assets, projects or M&As (mergers and acquisitions) for business expansion purposes.
The VDP was announced during Budget 2015 as a complement to current government loan financing schemes.
Venture debt is a form of alternative financing for enterprises with high growth potential, but which may not have established revenue streams or assets to use as collaterals.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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