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Financial Assistance
Loans & Insurance
Loans & Insurance
Enterprise Financing Scheme (EFS)
SME Fixed Assets
Overview
Overview
Green
Overview
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SME Working Capital
Overview
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SME Fixed Assets
Overview
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Venture Debt
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Trade Loan
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Project Loan
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Merger & Acquisitions (M&A)
Overview
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Frequently Asked Questions (FAQs)
Enterprise Financing Scheme (EFS)
Overview
Green
Overview
Apply
SME Working Capital
Overview
Apply
SME Fixed Assets
Overview
Apply
Venture Debt
Overview
Apply
Trade Loan
Overview
Apply
Project Loan
Overview
Apply
Merger & Acquisitions (M&A)
Overview
Apply
Frequently Asked Questions (FAQs)
Overview
SME Fixed Assets
Finance the investment of domestic and overseas fixed assets, including:
Purchase of equipment and machines for automation and upgrading, include new or resale assets
Construction or purchase of government and commercial built factories and business premises, include new or resale assets
Maximum Loan Quantum
S$30 million / borrower
Note: Borrowers are subject to an overall borrower group limit of S$30 million for EFS-FA. In addition, there is an overall loan exposure limit of S$50 million per borrower group
1
across all facilities.
Maximum Repayment Period
15 years
ESG Risk-Share
Risk share is at 50%. Young enterprises
2
or enterprises operating in a challenged market
3
may receive a risk share of 70%.
The borrower is responsible to repay 100% of the loan amount. When defaults occur, the Participating Financial Institutions (PFIs) 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 PFIs’ 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
2
Young enterprises refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals.
3
Challenged markets refer to countries with S&P rating BB+ and below, including non-rated countries.
Eligibility
SME should meet the following criteria:
Is a business entity
4
, 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
Has Group Annual Sales Turnover of not more than S$500 million
For “SME Fixed Assets”, the SME definition refers to Group revenue of up to S$100 million or maximum employment size of 200 employees
4
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 PFI’s assessment.
FAQ
Click
here
for frequently asked questions on EFS.