The Enhanced EFS – Trade Loan (EFS – TL) has been further extended for 6 months, from 1 April 2022 to 30 September 2022, with the parameters as listed below.
Beyond the period of this extension, the enhanced risk share of 70% will be maintained for young enterprises and enterprises trading in challenged markets1.
EFS Trade Loan covers enterprises’ domestic and overseas transactions.
Up till 31 March 2022: S$10 million / borrower
From 1 April 2022 - 30 September 2022: S$5 million / borrower
Note: Borrowers are subject to an overall borrower group2 limit of S$20 million for EFS – TL. In addition, there is an overall loan exposure limit of S$50 million per borrower group across all facilities.
Click here for frequently asked questions on EFS – Trade Loan.
Click here for frequently asked questions on EFS.