Enterprise Financing Scheme – Project Loan

About this financing scheme

The Enterprise Financing Scheme – Project Loan (EFS-PL) finances the fulfilment of secured overseas projects. The supportable loan types include:

  • Working capital loan
  • Factory/ Building/ Land (includes Purchase/ Renovation/ Construction)
  • Equipment/ Machineries/ Vessels/ Other Fixed Assets/ Machinery Hire Purchase
  • Guarantees

Loan details

Maximum Loan Quantum S$50 million / borrower for overseas projects
Until 31 March 2024: S$30 million / borrower for domestic projects
From 1 Apr 2024 - 31 March 2025: S$15 million / borrower for domestic projects

Maximum Repayment Period Up to 15 years

There must be an underlying contract, secured sales order and/or projects tied to the fixed asset, working capital loan and guarantee.

EnterpriseSG Risk-share
  • Risk share is at 50%
  • Young enterprises³ or enterprises operating in a challenged market⁴ may receive a risk share of 70%
  • Borrowers are responsible to repay 100% of the loan amount
  • When defaults occur, the participating Financial Institutions (FIs) are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against EnterpriseSG for the unrecovered amount in proportion to the risk-share
Interest Rate Subject to participating FIs’ assessment of risks involved

  • Borrower
  • Corporate shareholders holding more than 50% at all levels up
  • Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
  • Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all levels down


  • Business entity registered and operating in Singapore
    • ACRA-registered Sole Proprietorships, Partnerships, Limited Liability Partnerships and Companies are eligible to apply
    • Approvals of loans are subject to the participating Financial Institution's assessment
  • Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • Company has a Group Annual Sales Turnover not exceeding S$500 million
  • Enterprises registered with SSIC codes beginning with 41, 42 or 43 may apply for the enhanced EFS-PL to support domestic projects
  • Fixed assets acquired are to discharge a contractual obligation under the project
  • It must be for secured sales orders and/or projects, and cannot be used solely for general working capital or operating expenses

How to apply

Interested enterprises may approach any of the following participating Financial Institutions to apply for the loan (subject to banks’ credit approval).
Financial Institutions for EFS-PL Contact Details
DBS Bank Ltd 1800 222 2200
The Hongkong and Shanghai Banking Corporation 1800 216 9008 / 6216 9008
IFS Capital Ltd 6270 7711
Maybank Singapore Ltd and Malayan Banking Berhad, Singapore Branch 1800 777 0022
Oversea-Chinese Banking Corporation Ltd (OCBC Bank) 6538 1111
RHB Bank Berhad 1800 323 0100
United Overseas Bank Ltd 1800 2266 121

Apply via the Enterprise Singapore Incentive Management System (ESIMS)

  • Access the ESIMS portal here.
  • Download and save the ESIMS Application guide here.

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