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OCBC Tops Up Loan Pot to $5b in Boost for Serial Entrepreneurs
The Straits Times
|July 08, 2025
OCBC Bank is topping up its loan pot to $5 billion from $1.5 billion for entrepreneurs who own multiple small, early-stage businesses, and extending its cash line beyond Singapore to Malaysia, Indonesia and Hong Kong.
The borrowing scheme for serial entrepreneurs is unique for its creditworthiness assessment of individuals and the collective strength of their companies, rather than the individual businesses they run.
The bank also assigns a dedicated manager and provides advisory services to these business owners.
OCBC aims to lend the $5 billion to this segment by 2028. This includes the $1.5 billion that has been disbursed to more than 1,800 business founders in Singapore and Malaysia since the bank pioneered the plan in 2019.
In a media briefing on July 7, OCBC executives said despite the uncertain trade environment, the bank expects business owners to forge ahead.
The bank started offering the coverage to Malaysian entrepreneurs in early July after a nine-month pilot, and plans to do so in Hong Kong later in 2025, to be followed by Indonesia.
Cette histoire est tirée de l'édition July 08, 2025 de The Straits Times.
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