OCBC Bank offers OCBC Business First Loans to new businesses. These are collateral-free loans under the government-assisted SPRING Singapore-backed Micro Loan Programme. The aim of the loan program is to help startup businesses, as young as 6 months, obtain capital of up to $100,000. Eligible businesses are those who have been registered and operating in Singapore for less than 3 years, are at least 30% owned by a Singaporean, have no more than 10 employees or an annual turnover under 1 million SGD (735,0000 USD), and have at least one guarantor who is Singaporean.