Enterprise Financing Scheme – SME Fixed Assets

About this financing scheme

The Enterprise Financing Scheme – SME Fixed Assets Loan (EFS-FA) is meant for SMEs to finance their investments in domestic and overseas fixed assets, including:

  • The purchase of equipment and machines for automation and upgrading, including new or resale assets
  • The purchase or construction of government- and commercial-built factories and business premises, including new or resale assets

Loan details

Maximum Loan Quantum S$30 million / borrower

Maximum Repayment Period 15 years
EnterpriseSG Risk-share
  • Risk share is at 50%
  • Young enterprises² or enterprises operating in a challenged market³ 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
  • For “SME Fixed Assets”, an SME is defined as having a Group revenue of up to S$100 million or a maximum employment size of 200 employees

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-FA Contact Details
DBS Bank Ltd 1800 222 2200
ETHOZ Capital Ltd 6654 7799
The Hongkong and Shanghai Banking Corporation 1800 216 9008 / 6216 9008
Hong Leong Finance Ltd 1800 216 9008 / 6216 9008
IFS Capital Ltd info@ifscapital.com.sg / 6270 7711
Maybank Singapore Ltd 1800 777 0022
ORIX Leasing Singapore Ltd 6339 3622
Oversea-Chinese Banking Corporation Ltd (OCBC Bank) 6538 1111
RHB Bank Berhad 1800 323 0100
Sing Investments & Finance Limited 6305 0300
United Overseas Bank Ltd 1800 2266 121

Apply via the Enterprise Singapore Incentive Management Systems (ESIMS)

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

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Not sure where to start?

Speak with an experienced advisor at the SME Centres to explore solutions tailored to your business needs.