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:

  • Temporary Bridging Loan
  • SME Working Capital
  • SME Fixed Assets

Enhanced relief assistance from Budget 2000 to alleviate the cash flow needs of SMEs affected by the COVID-19 outbreak. Temporary Bridging Loan is an unsecured working capital and is effective from 8 April 2020 until 31 March 2021. It is extended for 6 months from 1 April 2021 to 30 September 2021.

Features

  • Loan amount of up to:
    • S$3,000,000 / Borrower
    • S$20,000,000 / Borrower Group*
  • Loan tenure of up to 5 years
  • Interest rate capped at 5% p.a.
  • Service only interest for up to 12 months (thereafter principal and interest for the remaining of loan tenure)**

*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 level.

**Subject to assessment.

Eligibility

  • SMEs1 and Non-SMEs
  • Be a business entity2 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

1SME is defined as an enterprise with Group Sales turnover of not more than S$100mil or total Group Employment size not exceeding 200 (entities that do not fall within this requirement will be considered Non-SMEs)
2ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.

SME Working Capital Loan is a Term Loan for financing SMEs’ operational cashflow needs.

Features

  • Loan amount of up to:
    • S$300,000 / Borrower
    • 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 entity1 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 Group2 revenue cap of S$500 million for all enterprises
  • Group revenue of up to S$100 million, or maximum employment of 200 employees

1ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
2Borrower 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 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$100million, or maximum employment of 200 employees
+ Temporary Bridging Loan

Enhanced relief assistance from Budget 2000 to alleviate the cash flow needs of SMEs affected by the COVID-19 outbreak. Temporary Bridging Loan is an unsecured working capital and is effective from 8 April 2020 until 31 March 2021. It is extended for 6 months from 1 April 2021 to 30 September 2021.

Features

  • Loan amount of up to:
    • S$3,000,000 / Borrower
    • S$20,000,000 / Borrower Group*
  • Loan tenure of up to 5 years
  • Interest rate capped at 5% p.a.
  • Service only interest for up to 12 months (thereafter principal and interest for the remaining of loan tenure)**

*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 level.

**Subject to assessment.

Eligibility

  • SMEs1 and Non-SMEs
  • Be a business entity2 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

1SME is defined as an enterprise with Group Sales turnover of not more than S$100mil or total Group Employment size not exceeding 200 (entities that do not fall within this requirement will be considered Non-SMEs)
2ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.

+ SME Working Capital

SME Working Capital Loan is a Term Loan for financing SMEs’ operational cashflow needs.

Features

  • Loan amount of up to:
    • S$300,000 / Borrower
    • 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 entity1 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 Group2 revenue cap of S$500 million for all enterprises
  • Group revenue of up to S$100 million, or maximum employment of 200 employees

1ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies.
2Borrower 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 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 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$100million, or maximum employment of 200 employees

Contact Us Today!