Extended Support Scheme – Customised

The Extended Support Scheme – Customised (ESS-C) is part of support measures to help Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties transition gradually to full loan repayments.

SME borrowers who are not suitable for the Extended Support Scheme – Standardised (ESS-S), can consider the ESS-C to facilitate the restructuring of SME loans across multiple financial institutions.

For SMEs with borrowings from more than one lender, the ESS-C programme provides an opportunity to bring various lenders together to explore a suitable, holistic debt restructuring solution. This helps the SME to avoid seeking multiple restructuring solutions with individual lenders.

Liist of Financial Institutions participating in the ESS-C programme. Bank of China, CIMB Bank, Citibank, DBS Bank, HL Bank, Hong Leong Finance, HSBC Bank, Indian Overseas Bank, Industrial & Commercial Bank of China, Maybank, OCBC Bank, RHB Bank, Sing Investments & Finance, Singapura Finance, Standard Chartered Bank and United Overseas Bank.

SMEs with more than one lender may approach any of their lenders to assess if they would benefit from a multi-lender restructuring programme.

Eligibility Criteria. For SMEs with multiple creditors that do not qualify for other restructuring programmes, such as the Simplified Insolvency Programme SIP), and Sole Proprietors & Partnerships Scheme (SPP Scheme).

Application window. The application window has been extended from 30 June 2021 to 31 December 2021.

Find out More

To find out more about the various Extended Support Schemes, visit The Association of Banks in Singapore (ABS) website.

Please click here to read MAS Media Release on 24 June 2021.