Defaults by Borrowers on Enterprise Singapore-supported Loans Introduced in 2020

Ms He Ting Ru asked the Minister for Trade and Industry whether any borrowers have defaulted on Enterprise Singapore-supported loans that have been introduced in 2020 and, if so, how many cases have there been.

Mr Chan Chun Sing: As of 31 December 2020, 26 loans have been reported by Participating Financial Institutions to be in default. These represent 0.1% of the over 29,000 loans supported under the new or enhanced financing schemes introduced by ESG in 2020.