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.

+ 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.

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