Enterprise Financing Scheme – Trade Loan

About this financing scheme

The Enterprise Financing Scheme - Trade Loan (EFS-TL) finances trade needs, including:

  • Inventory / stock financing
  • Structured pre-delivery working capital (revolving working capital)
  • Factoring (with recourse) / bill of invoice / AR discounting
  • Overseas working capital loan
  • Bank Guarantee (capped at 2 years’ tenure)

EFS-TL covers enterprises' domestic and overseas transactions.

Loan details

Maximum Loan Quantum S$5 million / borrower
From 1 July 2022 - 31 March 2025: S$10 million / borrower

Maximum Repayment 1 year
EnterpriseSG Risk-share
  • Risk share is at 50%
  • Young enterprises or enterprises operating in a challenged market 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's Group Annual Sales Turnover should not not exceed S$500 million

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-TL Contact Details
CIMB Bank Berhad 6438 7888
DBS Bank Ltd 1800 222 2200
FS Capital Pte Ltd 6221 0958
GB Helios Pte Ltd (previously known as Goldbell Financial Services) talktous@gbhelios.com.sg / 8399 2340
The Hongkong and Shanghai Banking Corporation 1800 216 9008 / 6216 9008
Hong Leong Finance Ltd 1800 3388 338
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
Standard Chartered Bank 1800 747 7000
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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