Access financing

• Streamlined financing support schemes to ensure businesses have access to financing at every stage of growth.
• One umbrella scheme encapsulating six different financing areas – working capital, fixed assets, venture debt, trade, projects, and mergers & acquisitions.
• EFS will provide enhanced support with higher risk share from Government in two areas:
- Young companies* will receive government risk sharing of up to 70% with participating financial institutions (PFIs).
- A higher risk share will be provided for fixed assets, project, and M&A financing in markets with Standard & Poor’s Sovereign ratings below BBB- or unrated.           

• The maximum insurance cover for overseas project financing under EFS will be raised to S$50mil, and the maximum tenure will be extended to 15 years.
• The scheme will also provide a higher maximum loan cover of S$50mil for M&A projects to allow companies to quickly build new capabilities to expand overseas.
• The SME Working Capital Loan will be extended till 31 March 2021, and will become part of the new EFS.

Launching in October 2019.

*Companies with more than 50% equity owned by individuals, at least 1 employee, and incorporated within the last 5 years from date of scheme application.