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Enterprise Financing Scheme (EFS) - Trade Loan

This programme helps enterprises finance their import, export and Guarantee needs. 

The supportable activities for loan include:

  • Inventory / Stock Financing, 
  • Structured Pre-delivery Working Capital (revolving working capital), 
  • Factoring (with Recourse) / Bill of invoice/ AR discounting,
  • Overseas Working Capital Loan.

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Benefits

The Enhanced EFS-Trade Loan has been further extended for 6 months, from 1 April 2022 to 30 September 2022.

Beyond the period of this extension, the enhanced risk share of 70% risk share will be maintained for young enterprises and enterprises trading in challenged markets.

Up till 31 March 2022: Up to S$10 Million loan per Borrower*

From 1 April 2022 – 30 September 2022: Up to S$5 Million loan per Borrower*

Note: Borrowers are subject to an overall borrower group limit of S$20m for EFS TL. 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.
Eligibility

You are:

  • A Singaporean enterprise looking to access financing for importing, exporting and Guarantee needs.

 

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.

*Refer to "Critical Information" for more details. 

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 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 1 year

Interest Rate: Subject to PFIs' assessments of risks involved

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
For application details and instructions on how to compile all required supporting documents for submission, click here.
Useful links
For more details: EFS