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  • Venture Debt
  • Overview
Venture Debt
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Overview

Venture Debt
 

Finance the growth of innovative enterprises using Venture Debt and Warrants.

This form of financing is typically suited for high growth start-ups 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.

Enterprises may use the Loan to:
  • Grow and expand existing capacity
  • Diversify into other product lines
  • Augment working capital needs
  • Undertake new projects
  • Undergo merger and acquisitions
Maximum Loan Quantum
S$5 million / borrower group

Note: Overall loan exposure limit of S$50 million per borrower group across all areas.
Maximum Repayment Period
5 years
Risk Share
Enterprise Singapore will co-share up to 50% of loan default risk with the Participating Financial Institution in the event of enterprise insolvency; Risk share can be increased up to 70% for young enterprises1.
Interest Rate
Subject to Participating Financial Institutions’ assessments of risks involved.


1 Young enterprise refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals.

Eligibility
 
  1. Be registered and operating in Singapore

  2. Have a minimum of 30% local shareholding

  3. Maximum Borrower Group1 revenue cap of S$500 million for all enterprises

1 Borrower Group consists of the borrower as well as corporate shareholders that hold more than 50% of the total shareholding of the applicant company, and any subsequent corporate parents (all levels up) and subsidiaries all levels down. (Annual sales turnover and employment size are computed on a group basis).


 

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(Last updated on 31 October 2019 09:59:41)