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 Micro Loan.
Businesses can continue to receive financing support through the EFS. For enquiries, contact us at firstname.lastname@example.org.
Small companies that are just starting out can apply for the SME Micro Loan that offers funding of up to S$100,000 to help you better manage daily operations and cashflow.
To make the loan more accessible to new companies set up in three years or less, Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.
Companies should meet the following criteria: