FAQ: Enterprise Financing Scheme

  • When is the Enterprise Financing Scheme open for application?
    The programme was launched on 29 October 2019. Enterprises can approach the participating financial institutions (PFIs) to apply.
  • Are there any specific industries that the Enterprise Financing Scheme is targeted at?
    No, the Enterprise Financing Scheme is designed to support enterprises across all industries.
  • Does Enterprise Financing Scheme help newly established businesses secure financing?

    Yes. Newly established enterprises may face challenges securing financing as lenders are risk-averse towards enterprises that lack track records and collaterals. To address this, the Enterprise Financing Scheme has increased government risk-sharing from 50% to 70% for young enterprises* encouraging participating financial institutions’ to lend to these enterprises.

  • Since Enterprise Singapore risk shares a portion of the loan, does it mean that the borrower/guarantors are only responsible for the remaining portion of the loan?
    No. The government risk sharing under the Enterprise Financing Scheme aims to increase participating financial institutions’ confidence in lending and enable more favourable loan conditions (e.g., loan quantum, loan tenure) for supported enterprises. However, borrowers remain fully responsible for repaying all amounts owing to the participating financial institutions.