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Enterprise Financing Scheme
SME Working Capital Loan
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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%*.


  1. SME Enhanced Working Capital Loan

    • Maximum of $500,000 per borrower

    • Maximum loan repayment period of 5 years

    • Finance daily operating cash flow needs

Financial institutions have different documentation requirements, interest rates, eligibility and risk assessment criteria. 

Basic Requirements
  • Singapore registered company and operating locally

  • Minimum 30% shareholding by Singaporean or Singapore PR

  • Group revenue of up to S$50 million 

  • 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

Our finance consultants have processed hundreds of applications for business loans, we can help you reduce processing time, compare to get the lowest rates and maximize your financing amount. 

Find out the most suitable financing scheme for you. Fill in a short application now for a non-obligatory consultation.

Would you like to get yourself assessed for eligibility?
Fill in a form and find out more about your options. 
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