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Enterprise Financing Scheme (EFS) - SME Fixed Assets

This programme helps Small and Medium Enterprises (SMEs) finance the investment of domestic and overseas fixed assets.

The supportable activities for loan include:

  • Purchase of equipment and machines for automation and upgrading.
  • Construction or purchase of government and commercial built factories and business premises.


Up to S$30 Million loan per Borrower / Borrower Group*

Note: Borrowers are subject to an overall borrower group limit of S$30m for EFS SME-FA. In addition, there is an overall loan exposure limit of S$50 million per borrower group across all facilities.

*Refer to "Critical Information" for more details.

You are:

  • A Singaporean SME looking to invest in domestic and overseas fixed assets.

You need to:

  • Be a business entity1 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 Group Annual Sales Turnover of not more than S$500 million2.

Note: For “SME Working Capital” and “SME Fixed Assets”, the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees.

1. ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the loan is subject to the PFI’s assessment.

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

Critical information

ESG risk share is at 50%.

Young enterprises1 or enterprises operating in a challenged market2 may receive a risk share of 70%.

The borrower is responsible to repay 100% of the loan amount. When defaults occur, the Participating Financial Institutions (PFIs) are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share.

Borrower Group consists of the following:

  • Borrower; and
  • Corporate shareholders holding more than 50% at all levels up; and
  • 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

Repayment Period: Up to 15 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. Challenged markets refer to countries with Standard & Poor’s (S&P) rating BB+ and below, including non-rated countries.  

What to expect when applying

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.

Documents you'll need for your application
  • 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.
Useful links
For more details: EFS