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Enterprise Financing Scheme

Fast track your SME goals

Whether you are planning to develop new capabilities, create new products or expand your business footprint overseas, having access to the right financing is crucial to realise your growth ambitions.

With effect from 29 Oct 2019, existing ESG’s financing schemes will be streamlined into one umbrella scheme known as the Enterprise Financing Scheme (EFS). EFS will enable Singapore enterprises to access financing more readily throughout their various stages of growth.

The EFS will cover six areas to address enterprises’ financing needs. ESG will share the loan default risk in the event of enterprise insolvency with the Participating Financial Institutions.

A higher risk share will be considered for the following:

a)Young companies within 5 years from inception; and
b)Selected markets with Standard & Poor’s (S&P) ratings of below BBB- or are not rated.

For more information and the latest update, you may refer to www.enterprisesg.gov.sg/efs

Who can apply?
To qualify for the EFS, you need to:

  • Be a business entity that is registered and physically present in Singapore
  • Have at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • Have a Maximum Borrower Group revenue cap of S$500 million for all companies

For "SME Working Capital" and "SME Fixed Assets", SMEs refer to companies with a group revenue of S$100 million or maximum employment of 200 employees.

SME Working Capital

Finance daily operational cashflow needs

Maximum Loan Quantum
S$300,000 / Borrower
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
5 years

Find out more

SME Fixed Assets

Finance the investment of domestic and overseas fixed assets, including

  • Purchase of equipment and machines for automation and upgrading
  • Construction or purchase of government and commercial built factories and business premises

Maximum Loan Quantum
S$15 Million / Borrower Group
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
15 years

Find out more

Merger & Acquisitions (M&A)

Finance the acquisition of local or overseas target enterprises, with the intent of internationalisation

Maximum Loan Quantum
S$50 million / Borrower Group
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
5 years

Find out more

Venture Debt

Finance the growth of innovative enterprises using Venture Debt and Warrants.

This form of financing is typically suited for high growth startups that do not have significant assets to be used as collateral under traditional bank lending. The warrants, or rights to purchase equity, is to compensate for the higher risk of loan default.

Enterprises may use the Loan to:

  • Grow and expand existing capacity
  • Diversify into other product lines
  • Augment working capital needs
  • Undertake new projects
  • Undergo merger and acquisitions

Maximum Loan Quantum
S$5 Million / Borrower Group
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
5 years

Find out more

Trade Loan

Finance Import, Export and Guarantee needs, including

  • Inventory / Stock Financing,
  • Structured Pre-delivery Working Capital (revolving working capital),
  • Factoring (with Recourse) / Bill of invoice/ AR discounting
  • Overseas Working Capital Loan

The Trade Loan covers enterprises’ domestic and overseas transactions. It also compliments the current Loan Insurance Scheme(LIS) through the Government insuring loans which are beyond the capacity of current LIS insurers, thereby enhancing enterprises’ access to larger quantum of financing.

Maximum Loan Quantum
S$5 Million / Borrower Group
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
1 year

Find out more

Project Loan

Finance the fulfillment of secured overseas projects. The supportable loan types include

  • Working Capital and Trade Loans
  • Equipment/ Machineries/ Vessels/ Other fixed assets
  • Guarantees

Maximum Loan Quantum
S$50 million / Borrower Group
Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

Maximum Repayment Period
15 years

Find out more

Upgrade your SME operations today

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