FINANCING SCHEMES
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Enterprise Financing Scheme
SME Working Capital Loan
Why SMEs choose this loan
With effect from 1 April 2024 onwards, the maximum loan quantum for Enterprise Financing Scheme - SME Working Capital Loan will be enhanced to S$500,000 permanently.
The Enterprise Financing Scheme (EFS) is an initiative by the Singapore Government, designed to support companies across all industries throughout all stages of growth in Singapore and is offered in conjunction with Banks.
Under this extension, the Government’s risk-share on the loan will be at 50%.
Younger enterprises may receive a risk share of 70%*.
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SME Enhanced Working Capital Loan
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Maximum of $500,000 per borrower
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Maximum loan repayment period of 5 years
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Finance daily operating cash flow needs
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Financial institutions have different documentation requirements, interest rates, eligibility and risk assessment criteria.
Basic Requirements
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Singapore registered company and operating locally
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Minimum 30% shareholding by Singaporean or Singapore PR
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Group revenue of up to S$50 million
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For "SME Working Capital", an SME is defined as having a Group revenue of up to S$100 million or a maximum employment size of 200 employees
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