EFS Trade Loan covers enterprises’ domestic and overseas transactions. It also complements the current Loan Insurance Scheme (LIS) by insuring loans which are beyond the capacity of current LIS insurers.
The diagram below illustrates how Loan Insurance Scheme and EFS Trade Loan help enterprises secure trade loan facility:
Note: As announced at Solidarity Budget 2020, the EFS Trade Loan is enhanced to help enterprises with their trade financing needs. The maximum loan quantum was raised from S$5 million to S$10 million. The risk-share was also increased to 90% (from 50% and 70% for young companies) for new applications initiated from 8 April 2020 until 31 March 2021.
Click here for frequently asked questions on EFS Trade Loan.
Click here for frequently asked questions on EFS.