As announced at Budget 2021, the EFS Venture Debt Programme is enhanced to support the growth of later-stage enterprises. The maximum loan quantum will be raised from S$5 million to S$8 million for new applications initiated from 1 April 2021.
Finance the growth of innovative enterprises using Venture Debt and Warrants.
This form of financing is typically suited for high growth startups that do not have significant assets to be used as collateral under traditional bank lending. The warrants, or rights to purchase equity, is to compensate for the higher risk of loan default.
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