Enterprise Credit Counselling Programme

CCS has been helping individuals to deal with their unsecured consumer debts since 2004 by providing information to individuals on how to manage their unsecured consumer debts, and where feasible, arranging a restructuring of their unsecured consumer debts with bank creditors enabling the individuals to pay off their unsecured consumer debts over a specified period.

We have come across instances where individuals have used their consumer credit facilities to finance their business operations.  The debts owed were in addition to the loans which the individuals may have taken for the business.


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


The Enterprise Credit Counselling Programme (ECCP) is a new pilot programme to advise owners of small enterprises on their obligations and financial liabilities in the event of business termination. Where feasible, propose a repayment arrangement to their creditors for unsecured business debt that remains as well as for unsecured personal debts. This is provided that the total unsecured business debt owing to all banks and financial institutions is not more than S$500,000.

This service provides enterprise credit counselling to owners of small enterprises who meet all of the following criteria:

  1.    Have ceased business operations or in the process of closing down the business operations;
  2.    Have business assets not exceeding S$1 million; and
  3.    Have unsecured business debts owing to banks and financial institutions not exceeding S$500,000.
To find out more, attend our "Information Talk on Debt Management for Small Enterprise Owners".