Creditworthiness: People cross a bridge with the central business district of Singapore in the background. OCBC says having a more complete view of a customer’s risk exposure and business portfolio allows it to offer better support. — Bloomberg
SINGAPORE: OCBC Bank is topping up its loan pot to S$5bil (US$4bil) from S$1.5bil 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.
