OCBC's new credit scheme targets 'serial entrepreneurs'

"OCBC Bank is introducing a new credit scheme that targets entrepreneurs running more than one business, giving them access to loans 'a few months before incorporation' of the new venture.

The bank said the market is sizeable, citing figures that show one in three new businesses incorporated in Singapore between 2015 and 2017 belongs to an entrepreneur already running a business.

The launch of the Serial Entrepreneur credit scheme follows a 12-month pilot programme that started in October 2017, where more than $100 million in business loans were approved, the bank said in a statement."

To read more about the new OCBC credit scheme, click here.

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