Applying for Government Guarantee Schemes
- SMEs to apply financing facilities from participating FIs
- SJPP does not provide any financing or credit facilities
- FIs will review credit applications
- In the event SMEs lack or do not have any collateral, FIs will submit scheme applications to SJPP directly
- SJPP will review scheme applications for approval and revert to FIs
- Any further conditions/ requirement will be communicated to the FIs, and subsequently to the SME
- Up to 1% guarantee fee will be applied for the guarantee coverage