Sole Proprietor and Partnership (SPP) Scheme

When small enterprises fail, they often lack the relevant financial knowledge and/or the resources to engage professional business consultancy services to manage and address their obligations and financial liabilities as business owners.
~ Mr Kuo How Nam, Chairman Credit Counselling Singapore

Credit Relief Support Measures For Sole Proprietors and Partnerships

Credit Counselling Singapore (CCS) has launched a Sole Proprietor and Partnership (SPP) Scheme to help eligible businesses facing financial distress to restructure their unsecured business debts.

With the support of the Association of Banks in Singapore (ABS), the Monetary Authority of Singapore (MAS), Enterprise Singapore (ESG) and the Participating Financial Institutions (PFIs) under the ESG loan schemes, the SPP Scheme targets sole proprietors and partnerships to help them restructure their business debts.

Under the SPP Scheme, individuals operating as Sole Proprietors or Partnerships may seek the assistance of CCS in restructuring their unsecured business debts owed to the participating banks and financial institutions. The Scheme allows for lower monthly instalment payment for unsecured business borrowings by extending the loan repayment period to up to a maximum of 8 years.

The SPP Scheme is suitable for

1.   Individuals operating sole proprietor and partnership firms (excludes Limited Liability Partnerships and sole proprietors / partnerships that are owned by private limited companies)

2.   Firms with total unsecured debt amount not exceeding S$1 million

3.   Firms with unsecured debts from at least two creditors (banks and financial institutions)

4.   Firm’s business must have been profitable in the last two preceding financial years and continue to be viable, going ahead


Applications for the SPP Scheme is now open.

1.   Attend our Business Debt Management Webinar to find out what options small enterprise owners facing financial distress can consider to address business debts, avoid bankruptcy and learn more about the SPP Scheme.

2.   Download the Business Credit Counselling Request Package, which is made available at the end of every webinar and on our website. 

3.  Once we have received your duly completed Business Credit Counselling Request Package and all the relevant supporting documents, we will inform you of your scheduled date/time to speak with our Financial Counsellors.

For further enquiries, you may email or contact our SPP Team at  6929 1928  (from Mondays to Fridays 9 am – 6 pm, except public holidays)

Apart from the SPP Scheme, businesses facing financial distress may also tap on other complementary support measures introduced by MAS to help individuals and Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties.


Extended Support Scheme-Standardised (ESS-S).

Under this scheme, SMEs in Tier 1 and 2 sectors may opt to defer 80% of principal payments on their secured loans granted by banks or finance companies, as well as loans granted under ESG.

Extended Support Scheme – Customised (ESS-C).

This scheme facilitates the restructuring of SMEs’ loans across multiple banks or finance companies. The ESS-C is open to SMEs for whom the Simplified Insolvency Programme and the SPP scheme are not suitable.

Borrowers can apply for Extended Support Scheme-Standardised (ESS-S) and Extended Support Scheme-Customised (ESS-C) from 2 November 2020 onwards.

Click here for more information


Simplified Insolvency Programme

The Simplified Insolvency Programme assist micro and small companies that require support to restructure their debts to rehabilitate the business, or wind up the company as the business has ceased to be viable. The Programme’s application date will be announced at a later date by  Ministry of Law (MinLaw).

Click here for more information

If you have questions about the SPP Scheme, please send us a message.

Contact Us (SPP)
Please provide your name
Please provide your email
Please provide your contact number
Please provide the name of your business
Please indicate your business structure
Please indicate subject of your enquiry