Maybank launches new support program for SMEs in Singapore

Maybank Singapore introduced a new program to support small and medium-sized enterprises (SMEs) in Singapore and across ASEAN countries. The program is called MyImpact SME and it is designed to equip SMEs with tailored financial and business advisory solutions that foster sustainable growth and help businesses remain competitive in an eco-conscious market.

As SMEs form the foundation of Singapore’s economy, Maybank’s program focuses on empowering these businesses to integrate sustainability practices into their operations. It is another initiative that is launched under the Singapore’s Green Plan 2030, a nationwide effort to promote environmental sustainability. To better suit the plan, Maybank is creating a collaborative ecosystem of partners that provides tools and resources to help SMEs transition to greener business models.

The program offers specialized support for Environmental, Social and Governance (ESG) reporting, including emissions tracking, green financing options and climate risk management strategies. Partnering with platforms like ESGpedia, Maybank enables SMEs to calculate their carbon emissions, align with international sustainability standards, and prepare for compliance with Singapore Exchange (SGX) requirements. Funding is also available to assist businesses in covering ESG reporting costs, ensuring accessibility to these services for SMEs of all sizes.

In addition to supporting SMEs broadly, Maybank is prioritizing women entrepreneurs through its HERpower initiative. The program provides women-owned businesses with tailored financing solutions, networking opportunities and workshops. Eligible entrepreneurs can benefit from fee waivers, such as loan processing fees of up to S$2,000, electronic terminal setup charges and payroll fees of up to S$100 per month. It also offers mentorship and cross-border advisory services to help women-led businesses grow and navigate challenges in ASEAN markets.