Overview

EFS-Green enables better access to green financing for enterprises that are Project Developers, System Integrators and Technology & Solution Enablers which develop enabling technologies and solutions to reduce waste, resource use or greenhouse gas emissions, especially in sectors of Clean Energy, Circular Economy, Green Infrastructure and Clean Transportation. This is part of the Enterprise Sustainability Programme.

The efforts are aligned to the Singapore Green Plan 2030, which identifies a focus on helping local enterprises develop capabilities, build track-record and capture growth opportunities within the green economy to develop a strong pool of enterprises within these sectors, with the aim to generate economic value-add, positive environmental impact and good jobs for Singaporeans.

ESG will provide 70% risk-share to catalyse the lending from partner FIs.

EFS-Green is open for applications from 1 Oct 2021 until 31 Mar 2024. All applications must reach ESG and be approved by a partner FI by 31 Mar 2024.

Loan Type	Supportable Areas	Maximum Loan Quantum / borrower*	Maximum Repayment Period
Developmental Capital	Expenses related to green initiatives New product development Technology development expenses Consultation & certification fees	S$3 million	Up to 5 years
Fixed Assets Loan	Purchase of equipment and machinery related to green initiatives Construction of factories or purchase of land related to green initiatives	S$30 million	Up to 15 years
Trade Loan	Trade financing for green and sustainable products, inventory and raw materials	S$10 million	Up to 1 years
Project Loan	Finance the fulfilment of overseas and domestic green projects	S$50 million	Up to 20 years
Venture Debt Loan	Finance the growth of innovative enterprises with green initiatives using Venture Debt & Warrants	S$8 million	Up to 5 years
Mergers & Acquisition Loan	Finance the mergers and acquisition of target enterprises related to green initiatives	S$50 million	Up to 5 years

Note: Total overall borrower group¹ limit exposure is S$50 million for EFS-Green and EFS.

ESG Risk-share	Risk share is at 70%. The borrower is responsible to repay 100% of the loan amount. When defaults occur, the partner FIs are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share.
Interest Rate	Subject to the partner FIs assessment of risks involved

¹ Borrower Group consists of the following:

a.	Borrower; and
b.	Corporate shareholders holding more than 50% at all levels up; and.
c.	Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
d.	Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all level down

Be a business entity² that is registered and physically present in Singapore
At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
Have Group Annual Sales Turnover of not more than S$500 million, and
Meet the criteria in both Qualifying Green Sectors & Activities and Qualifying Borrower Types for EFS-Green.

Note: Enterprises which are adopters of green solutions or technologies will not be supported under this programme. These enterprises can still tap existing EFS facilities.

² ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the loan is subject to the partner FI’s assessment.

Click here for frequently asked questions on EFS.

Click here for frequently asked questions on EFS-Green.