Enterprise Financing Scheme (EFS) - Merger & Acquisitions (M&A)

Up to S$50 Million loan per Borrower Group*

Note: Overall loan exposure limit of S$50 million per borrower group across all areas.

*Refer to "Critical Information" for more details.

You are:

• A Singaporean SME looking to internationalise by acquisition of local or overseas larger enterprises.

You need to:

• Be a business entity that is registered and physically present in Singapore,
• Have at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership,
• Have a Maximum Borrower Group* revenue cap¹ of S$500 million for all companies.

*Refer to "Critical Information" for more details. 

1. Annual sales turnover and employment size is computed on a group basis.

In the event of company insolvency, Enterprise Singapore will co-share with the Participating Financial Institution (PFI): 

• Up to 50% of loan default risks;
• Can be up to 70% risk share for young enterprises¹;
• Will be 70% risk share for projects located in selected markets².

Borrower Group consists of the following:

• Borrower; and
• Corporate shareholders that holds more than 50% of total shareholding of the applicant company, and any subsequent corporate parents (all levels up), and subsidiaries (all levels down).

Repayment Period: Up to 5 years

Interest Rate: Subject to PFIs' assessments of risks involved

1. Young enterprises refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals. 
2. Selected markets are defined as countries with Standard & Poor’s (S&P) ratings of below BBB- or are not rated.  

Interested enterprises may approach any of the following Participating Financial Institutions to apply for the loan with the required supporting documents (subject to banks’ credit approval).

List of Participating Financial Institutions can be found here.

• Download and save the Enterprise Finance Scheme application form here.
• For details and instructions on how to compile all required supporting documents for submission, refer to the application form guide here.

For more details: EFS

Please contact info@digitalindustry.gov.sg