What UOB offers Singapore SMEs
United Overseas Bank (UOB) is one of the three Singapore-anchor universal banks, operating as a full bank licensee under the MAS Banking Act Source: MAS — Banks register ↗ . For SMEs, UOB publishes three core lending products on its business-banking pages Source: UOB Business ↗ :
- UOB BizMoney — unsecured SME working capital. Positioned as unsecured but director personal guarantees are typically required and underwriting is bank-tier.
- UOB Business Loan — multi-purpose term financing for established SMEs.
- UOB Biz Property Loan — commercial property financing.
Applications across all three run through UOB Infinity, UOB’s digital business-banking platform Source: UOB Infinity ↗ . Headline rates, maximum loan sizes, tenors and fees are set by UOB and change frequently. Always verify on the UOB business loans page before relying on any number you read on a comparator (including this one). For an indicative comparison against other SG lenders see our current SG business loan rates page.
UOB BizMoney — the unsecured framing
UOB BizMoney is the standout product in UOB’s SME stack — positioned as unsecured working capital without specific collateral. In practice, director personal guarantees are typically required and underwriting is bank-tier (financial statements, credit assessment, business viability review). The headline cap and pricing are set by UOB and change over time — verify on the UOB BizMoney product page before applying.
For SMEs that don’t pass bank-tier underwriting for BizMoney, the EFS-backed alt-lender route (Funding Societies, Bizcap, Aspire) is the realistic alternative.
EFS participation explained
The Enterprise Financing Scheme is an EnterpriseSG umbrella covering the SME Working Capital Loan, SME Fixed Assets Loan, Trade Loan, Project Loan, Venture Debt and Green Loan facilities Source: EnterpriseSG — EFS ↗ . UOB is one of the EFS-participating banks alongside DBS, OCBC, Maybank, CIMB, Standard Chartered, RHB and HLF. EFS caps, risk-share percentages and eligibility criteria are set by EnterpriseSG — verify current parameters before applying.
Eligibility — what UOB typically looks for
- ACRA business profile (BizFile) confirming Singapore-registered entity status
- At least 30% local shareholding (EnterpriseSG EFS criterion, not a UOB-specific one)
- Bank statements (typically past 3–12 months)
- Filed financial statements
- GST returns where applicable
- Notice of Assessment (NOA) for directors
- Personal guarantees from directors
Final eligibility, documentation requirements, and credit decision sit with UOB’s underwriting team. Existing UOB business banking relationships often shorten the cycle. Confirm the exact list at application stage.
How to apply
- Read the current product page on uob.com.sg/business/business-loans and pick the right facility.
- Prepare the documentation pack listed above.
- Submit an application through UOB Infinity (the bank’s digital business-banking platform) or visit a branch. Existing UOB Infinity customers benefit from pre-populated profile data.
- Underwriting decision typically runs 2–6 weeks depending on documentation completeness and credit complexity.
How UOB compares to other SG banks
UOB’s SME lending stack is narrower than DBS’s and OCBC’s in product count, but the BizMoney unsecured working-capital product is a distinctive piece of the SG bank-tier set. DBS and OCBC do not market a directly equivalent unsecured working-capital product at the same level. Maybank and CIMB are narrower still (Term Loan + Working Capital Loan core). Choice typically comes down to existing banking relationship, response time on enquiry, and the specific facility-pricing on offer at the moment of application.
For side-by-side comparisons against the rest of the SG bank tier and the EFS-participating alt-lender route, see the related links below.
Important disclosures
businessloans.sg is an independent comparator. We are not a licensed moneylender under the Moneylenders Act 2010 and we are not a MAS-licensed financial adviser under the Financial Advisers Act. Any product details on this page are for orientation only — the authoritative source for current UOB product terms is the UOB business-loans page Source: UOB Business ↗ .