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Hong Leong Finance approves 500th Covid-19 loan relief application

Felicia Tan
Felicia Tan5/8/2020 04:53 PM GMT+08  • 2 min read
Hong Leong Finance approves 500th Covid-19 loan relief application
Since the strict circuit breaker measures kicked in in April, most local businesses, especially small and medium-sized enterprises (SMEs) who are not considered essential services, have been struggling to remain afloat.
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SINGAPORE (May 8): Since the strict circuit breaker measures kicked in in April, most local businesses, especially small and medium-sized enterprises (SMEs) who are not considered essential services, have been struggling to remain afloat.

To support these businesses as well as individuals in need of urgent cash, Hong Leong Finance has rolled out several initiatives to help them receive their loans quickly as well as lowered interest rates per annum.

SMEs with affected cash flows are also able to apply to the Monetary Authority of Singapore (MAS)-supported Enhanced Enterprise Singapore Financing Scheme - SME Working Capital Loan (WCL), and the Temporary Bridging Loan Programme (TBLP).

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