Overview

Enterprise Financing Scheme (EFS)
 

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, Enterprise Singapore’s existing 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.

It covers seven areas to address enterprises’ financing needs. Enterprise Singapore will share the loan default risk in the event of enterprise insolvency with the Participating Financial Institutions.

  1. Green
    2. Finance green growth projects.

  2. SME Working Capital Loan
    3. Finance daily operational cashflow needs.

  3. SME Fixed Assets Loan
    4. Finance the investment of domestic and overseas fixed assets.

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

  5. Trade Loan
    6. Finance trade needs.

  6. Project Loan
    7. Finance the fulfillment of secured overseas projects.

  7. Mergers & Acquisitions Loan
    8. Finance the acquisition of target enterprises with the intent of internationalisation.

More information on the schemes can be found in the individual pages.

A higher risk share will be considered for the following:

  1. Young enterprises formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals; and
  2. Markets with S&P rating BB+ and below, including non-rated countries.

In light of COVID-19, the food & beverage, retail and tourism establishments are required to comply with the Safe Distancing measures to be eligible for EFS. For more information, please click here.

Here is the list of Participating Financial Institutions (PFIs) and the loans they offer under EFS.

Who can apply?
 

SME should meet the following criteria:

  • Is a business entity, registered and physically present in Singapore.

  • Has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.

  • Company's Group Annual Sales Turnover should not be more than S$500 million.

For “SME Working Capital” and “SME Fixed Assets”, the SME definition refers to Group revenue of up to S$100 million or maximum employment size of 200 employees.

Financial Capability Courses
 
Overview
 

Enterprise Singapore curates and develops financing courses, masterclasses and workshops to help local enterprise build and enhance their financial capabilities covering basic and advanced financing topics.

The courses are interactive and developed with the enterprise needs in mind. The topics are curated and delivery will involved games, sharing and networking sessions by financing experts and practitioners with case studies, panel discussions and fireside chats.

Available Course(s):

Participants are required to register directly with our partners. Details are attached in the respective brochures.

Call For Partners
 

We are keen to work with industry partners on financing capability courses, masterclasses and workshops. Interested partners can reach out to us here to explore collaboration opportunities.

Partners we are looking for:

Investment and IPO Readiness Programme Together with Enterprise Singapore, to curate, develop and deliver a programme to build enterprises Investment and IPO readiness so that they can access growth capital from both private and public markets.

Partners should possess relevant expertise in growth financing, track records in running training courses for business leaders, and have the network and reach to local enterprises. Partners should also demonstrate how their courses can help participants gain crucial knowledge in the identified areas, including applied knowledge that can be implemented to improve their investment and IPO readiness.

We are looking to onboard 2-3 partners to deliver this course. Submission of proposal will close by 7 Jan 2023. Interested partners can reach out to us here.
Financing Guides and Playbooks
 

Enterprise Singapore has developed various financing playbooks and guides to help enterprises enhance their financing knowledge.