Enterprise Financing Scheme – SME Fixed Assets Loan

For Singapore enterprises to finance their investments in domestic and overseas fixed assets.

About this financing scheme

The Enterprise Financing Scheme – SME Fixed Assets Loan (EFS-FA) is meant for SMEs to finance their investments in domestic and overseas fixed assets, including:

The purchase of equipment and machines for automation and upgrading, including new or resale assets
The purchase or construction of government- and commercial-built factories and business premises, including new or resale assets

Loan details

Maximum Loan Quantum	S$30 million / borrower Note: Borrowers are subject to an overall borrower group limit of S$30 million for EFS-FA. In addition, there is an overall loan exposure limit of S$50 million per borrower group¹ across all facilities.
Maximum Repayment Period	15 years
EnterpriseSG Risk-share	Risk share is at 50% Young enterprises² or enterprises operating in a challenged market³ may receive a risk share of 70% Borrowers are responsible to repay 100% of the loan amount When defaults occur, the participating Financial Institutions (FIs) are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against EnterpriseSG for the unrecovered amount in proportion to the risk-share.
Interest Rate	Subject to participating FIs’ assessment of risks involved

¹ Borrower Group consists of the following:

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

² Young enterprises refer to firms formed within the past 5 years with at least 1 employee and more than 50% equity owned by individuals.
³ Challenged markets refer to countries with an S&P rating of BB+ and below, including non-rated countries.

Eligibility

Business entity registered and operating in Singapore
- ACRA-registered Sole Proprietorships, Partnerships, Limited Liability Partnerships and Companies are eligible to apply
- Approvals of loans are subject to the participating Financial Institution's assessment
Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
Company has a Group Annual Sales Turnover not exceeding S$500 million
For “SME Fixed Assets”, an SME is defined as having a Group revenue of up to S$100 million or a maximum employment size of 200 employees

How to apply

Interested enterprises may approach any of the following participating Financial Institutions to apply for the loan (subject to banks’ credit approval).

Financial Institutions for EFS-FA	Contact Details
DBS Bank Ltd	1800 222 2200
ETHOZ Capital Ltd	6654 7799
The Hongkong and Shanghai Banking Corporation	1800 216 9008 / 6216 9008
Hong Leong Finance Ltd	1800 216 9008 / 6216 9008
IFS Capital Ltd	info@ifscapital.com.sg / 6270 7711
Maybank Singapore Ltd	1800 777 0022
ORIX Leasing Singapore Ltd	6339 3622
Oversea-Chinese Banking Corporation Ltd (OCBC Bank)	6538 1111
RHB Bank Berhad	1800 323 0100
Sing Investments & Finance Limited	6305 0300
United Overseas Bank Ltd	1800 2266 121