About this financing scheme
Enterprise Financing Scheme – Green (EFS-Green) is aligned with the Singapore Green Plan 2030, which focuses on helping local companies develop capabilities, build a track record and capture growth opportunities within the green economy to develop a strong pool of companies within these sectors. This aims to generate economic value-add, a positive environmental impact and good jobs for Singaporeans.
By extending support to green solution adopters, the scheme also aims to help enterprises embark on their sustainability journey and reduce their carbon footprint, contributing to our targets in Singapore Green Plan 2030.
Loan types and details
Loan type | Supportable areas | Maximum Loan Quantum / borrower | Maximum Repayment Period |
---|---|---|---|
Developmental Capital | Supportable areas: Expenses related to green initiatives
|
Maximum Loan Quantum / borrower: S$3 million |
Maximum Repayment Period: Up to 5 years |
Fixed Assets Loan | Supportable areas:
|
Maximum Loan Quantum / borrower: S$30 million |
Maximum Repayment Period: Up to 15 years |
Trade Loan | Supportable areas: Trade financing for green and sustainable products, inventory and raw materials |
Maximum Loan Quantum / borrower: S$10 million |
Maximum Repayment Period: Up to 1 year |
Project Loan | Supportable areas: Finance the fulfilment of overseas and domestic green projects |
Maximum Loan Quantum / borrower: S$50 million |
Maximum Repayment Period: Up to 20 years |
Venture Debt Loan | Supportable areas: Finance the growth of innovative companies with green initiatives using Venture Debt & Warrants |
Maximum Loan Quantum / borrower: S$8 million |
Maximum Repayment Period: Up to 5 years |
Mergers & Acquisition Loan | Supportable areas: Finance the mergers and acquisition of target enterprises related to green initiatives |
Maximum Loan Quantum / borrower: S$50 million |
Maximum Repayment Period: Up to 5 years |
EnterpriseSG Risk-share |
|
Interest Rate | Subject to participating FIs’ assessment of risks involved |
- Borrower
- Corporate shareholders holding more than 50% at all levels up
- Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
- Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all levels down
Eligibility
How to apply
Interested enterprises may approach any of the following participating FIs to apply for the loan (subject to banks’ credit approval).
These eligible participating FIs have developed Green and Sustainable Financing Frameworks for companies, which have been approved by a Second Party Opinion (SPO) provider. Loans under the scheme to be classified as Green Loans as assessed by the partner FIs in accordance with their Green and Sustainable Financing Frameworks.
Financial Institutions for EFS-Green | Contact Details |
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CIMB Bank Berhad, Singapore Branch | 6302 7543 |
DBS Bank Ltd | 1800 222 2200 |
The Hongkong and Shanghai Banking Corporation Limited | 1800 216 9008 / 6216 9008 |
Maybank Singapore Ltd | 1800 777 0022 |
Oversea-Chinese Banking Corporation Ltd | 6538 1111 |
Standard Chartered Bank | 6747 7000 |
United Overseas Bank Ltd | 1800 2266 121 |
Need additional help?
Enterprise Financing Scheme – Green