Overview

Note:

The EFS-WCL will be enhanced from 1 October 2022 to 31 March 2023, with the parameters as listed below.

Finance operational cashflow needs.

Maximum Loan Quantum	S$300,000 / borrower From 1 October 2022 – 31 March 2023: S$500,000 / Borrower Note: Borrowers are subject to an overall borrower group limit of S$5 million for EFS-WCL. In addition, there is an overall loan exposure limit of S$50 million per borrower group¹ across all facilities.
Maximum Repayment Period	5 years
ESG Risk-Share	Risk share is at 50%. Young enterprises² 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.