The Enterprise Financing Scheme (EFS) will be launched in October 2019 and streamlines eight financing scheme into one single umbrella with common eligibility criteria and a single application platform. It will replace the existing SME Equipment and Factory Loan.
Businesses can continue to receive financing support through the EFS. For enquiries, contact us at email@example.com.
Small and medium enterprises (SMEs) can apply loans of up to S$15 million through the Local Enterprise Finance Scheme (LEFS) to purchase equipment, machines or selected factory properties.
Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.
SMEs should meet the following criteria:
1Annual sales turnover and employment size will be computed on a group basis (i.e. all levels for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)