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 Venture Loan.
Businesses can continue to receive financing support through the EFS. For enquiries, contact us at email@example.com.
Fast-growing and innovative companies can expand their operations with venture debt financing of up to S$5 million.
Introduced in October 2015, the Venture Debt Programme (VDP) serves as an additional financing option for SMEs where venture debt providers may combine loans with rights to purchase equity.
To facilitate continued access to alternative financing, the VDP will be extended for another three years from 1 April 2018 to 31 March 2021.
Enterprise Singapore shares 50% of the risk of loan defaults with Participating Financial Institutions (PFIs) in the event of company insolvency. Interest rates, repayment structures, collateral and warrant structures will be determined by the PFIs.
Companies should meet the following criteria: