Enterprise Financing Scheme – Venture Debt

About this financing scheme

The Enterprise Financing Scheme – Venture Debt (EFS-VD) aims to finance the growth of innovative enterprises using Venture Debt and Warrants.

This programme supports high growth enterprises that do not have significant assets to be used as collateral under traditional bank lending. Under the enhanced programme, the venture debt facility can be backed by warrants or redeemable convertible preference shares.

Enterprises may use the Loan to:

  • Grow and expand existing capacity
  • Diversify into other product lines
  • Augment working capital needs
  • Undertake new projects
  • Undergo mergers and acquisitions

Loan details

Maximum Loan Quantum S$8 million / borrower

Maximum Repayment Period 5 years
EnterpriseSG  Risk-share
  • Risk share is at 50%
  • Young enterprises² 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 Enterprise Singapore 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

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-VD Contact Details
DBS Bank Ltd 1800 222 2200
Oversea-Chinese Banking Corporation Ltd (OCBC Bank) 6538 1111
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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