Enterprise Financing Scheme (EFS)
MAXIMISE YOUR POTENTIAL
Sing Investments & Finance Limited is a participating financial institution for the government-backed SME loans under the Enterprise Financing Scheme (EFS). Locally owned SMEs can now apply for:
- SME Working Capital
- SME Fixed Assets
SME Working Capital Loan is a Term Loan for financing SMEs’ operational cashflow needs.
Features
- Loan amount of up to:
- S$500,000 / Borrower (from 1st Oct 2022 to 31st Mar 2024)
- S$5,000,000 / Borrower Group
- Loan tenure of up to 5 years
- Attractive interest rate
Note: Overall loan exposure limit of S$50 million per borrower group across all areas
Eligibility
- A business entity* that is registered and physically present in Singapore
- With at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Maximum Borrower Group** revenue cap of S$500 million for all enterprises
- Group revenue of up to S$100 million, or maximum employment of 200 employees
*ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
**Borrower Group consists of the following:
– Borrower; and
– Corporate shareholders holding more than 50% at all levels up; and
– Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down; and
– Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels.
Financing the investment of domestic fixed assests, including:
- Purchasing of equipment and machines for automation and upgrading
- Construction or purchase of government and commercial built factories and business premises
Features
- Financing up to 90%
- Loan tenure of up to 15 years
- Attractive interest rate
- Maximum loan quantum of S$30 million / borrower group
Note: Overall loan exposure limit of S$50 million per borrower group** across all areas.
Eligibility
- Business* must be regstered and physically present in Singapore
- With at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Maximum borrower group revenue cap of S$500 million for all enterprises
- Group revenue of up to S$100million, or maximum employment of 200 employees
*ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
**Borrower Group consists of the following:
– Borrower; and
– Corporate shareholders holding more than 50% at all levels up; and
– Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down; and
– Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels.
- + SME Working Capital
-
SME Working Capital Loan is a Term Loan for financing SMEs’ operational cashflow needs.
Features
- Loan amount of up to:
- S$500,000 / Borrower (from 1st Oct 2022 to 31st Mar 2024)
- S$5,000,000 / Borrower Group
- Loan tenure of up to 5 years
- Attractive interest rate
Note: Overall loan exposure limit of S$50 million per borrower group across all areas
Eligibility
- A business entity* that is registered and physically present in Singapore
- With at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Maximum Borrower Group** revenue cap of S$500 million for all enterprises
- Group revenue of up to S$100 million, or maximum employment of 200 employees
*ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
**Borrower Group consists of the following:
– Borrower; and
– Corporate shareholders holding more than 50% at all levels up; and
– Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down; and
– Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels. - Loan amount of up to:
- + SME Fixed Assets
-
Financing the investment of domestic fixed assests, including:
- Purchasing of equipment and machines for automation and upgrading
- Construction or purchase of government and commercial built factories and business premises
Features
- Financing up to 90%
- Loan tenure of up to 15 years
- Attractive interest rate
- Maximum loan quantum of S$30 million / borrower group
Note: Overall loan exposure limit of S$50 million per borrower group** across all areas.
Eligibility
- Business* must be regstered and physically present in Singapore
- With at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Maximum borrower group revenue cap of S$500 million for all enterprises
- Group revenue of up to S$100million, or maximum employment of 200 employees
*ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
**Borrower Group consists of the following:
– Borrower; and
– Corporate shareholders holding more than 50% at all levels up; and
– Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down; and
– Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels.