The TBLP was introduced to help the enterprises access working capital. As announced in the Solidarity Budget on 6 Apr 2020, the Government will enhance the TBLP further with 90% risk share.  The enhancement will apply to new applications initiated from 8 April 2020 until 31 March 2021.  For applications that are pending approval from PFIs, enterprises are advised to speak to their Participating Financial Institutions (PFIs) on their eligibility. As announced on 12 Oct 2020, TBLP will be extended from 1 Apr 2021 to 30 Sep 2021. Under this extension, the Government’s risk-share on the loan will be lowered to 70% with the maximum loan quantum lowered to S$3 million.  This is to calibrate the support for businesses as the economy gradually recovers. As announced on 5 Jul 2021, TBLP will be further extended for 6 months, from 1 Oct 2021 to 31 Mar 2022, under the same parameters.