The Temporary Bridging Loan is an ESG initiative to help small local businesses with an unsecured working capital loan of up to SGD 1 million. This was announced during the Solidarity Budget in 2020 and has been extended until 30 September 2022. Under its current iteration, the Singapore government undertakes a 70% risk share of the loan; borrowers are still responsible for repaying 100% of the loan amount.The SME Working Capital Loan, offered under ESG’s Enterprise Financing Scheme, provides an unsecured loan of up to SGD 300,000. The default risk share is at 50%, while younger companies (incorporated within the last 5 years) enjoy a higher risk share of 70%.Most Bank’s unsecured working capital loan offer financing to SMEs of up to S$350,000.As for non-banks, unsecured business term loans are usually capped at S$200,000 although there are outliers that can go up to S$1,000.000.