Enterprise Financing Scheme (EFS) - Venture Debt
This programme finances the growth of innovative enterprises using Venture Debt and Warrants.
Enterrprises can use the loan to:
- Grow and expand existing capacity
- Diversify into other product lines
- Augment working capital needs
- Undertake new projects
- Undergo merger and acquisitions
Note: Borrowers are subject to an overall borrower group limit of S$20m for EFS VD. 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.
- A high growth start-up that do not have significant assets to be used as collateral under traditional bank lending.
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.
ESG risk share is at 50%.
Young enterprises1 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 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.
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.
Enterprise Financing Scheme (EFS) - Green
This programme aims to catalyse green financing for enterprises to capture opportunities in green growth sectors.
Enterprise Development Grant (EDG) - Automation
This programme supports your company’s usage of automation and technology which can result in tangible benefits and significant growth.
Enterprise Development Grant (EDG) - Financial Management
This component of the EDG helps companies improve their financial performance and/or equip their management teams with the relevant skills.
Enterprise Development Grant (EDG) - Product Development
This component of the EDG helps companies commercialise innovative technology and products.
Enterprise Development Grant (EDG) - Human Capital Development
This component of the EDG helps to strengthen your company's Human Resource (HR) capabilities.
Global Ready Talent Programme (GRT) - Internships
This programme aims to help your companies that are keen to build a talent pipeline to support expansion plans both local and overseas.
Global Ready Talent Programme (GRT) - Management Associate (MA)
This programme aims to help your companies that are keen to train and invest in overseas work exposure for young talents.
Enterprise Financing Scheme (EFS) - SME Fixed Assets
This programme helps Small and Medium Enterprises (SMEs) finance the investment of domestic and overseas fixed assets.
Enterprise Financing Scheme (EFS) - Merger & Acquisitions (M&A)
This programme helps enterprises finance the acquisition of local or overseas target enterprises, with the intent of internationalisation.
LEAD International Fairs & Missions (LEAD IFM)
Get access to financial support when you take part in approved overseas business missions and trade fairs led by Trade Associations and Chambers (TACs) of Commerce.
Enterprise Financing Scheme (EFS) - Project Loan
This programme helps enterprises finance the fulfillment of secured overseas projects.
Enterprise Financing Scheme (EFS) - Trade Loan
This programme helps enterprises finance their import, export and Guarantee needs.
Enterprise Financing Scheme (EFS) - SME Working Capital Loan
This programme helps Small and Medium Enterprises (SMEs) finance operational cashflow needs.
Productivity Solutions Grant (SkillsFuture Training Subsidy)
Companies can tap on this subsidy to train and build a pool of skilled employees to improve productivity and prepare for business transformation.
Startup SG Network
Startup SG Network provides startups with access to Singapore's tech ecosystem players. Companies can also easily discover available avenues of Government support.
Singapore Israel Industrial Research and Development Programme
This programme promotes, facilitates and supports joint industrial R&D projects, between companies from Singapore and Israel.
E-Commerce Booster Package - Digital Marketing Programme
This programme aims to enable retailers to build digital marketing capabilities and explore channels to increase brand awareness
E-Commerce Booster Package - Singapore E-Commerce Programme
Through this programme, businesses can engage one of the four appointed e-commerce platforms to sell products online and expand their reach in the Singapore market
Free Trade Agreements (FTA)
Explore how your business can tap Singapore’s comprehensive network of Free Trade Agreements.
Global Innovation Alliance
The GIA is a network of Singapore and overseas partners in major innovation hubs and key demand markets, with a focus on technology and innovation.
Global Talent Mobility Guide
An overview of HR-related considerations before deploying talent overseas
Build up your knowledge on doing business in key markets across the world (i.e. Africa, Asia Pacific, Europe, Middle East and North & Latin America).
These Small and Medium Enterprises (SMEs) centres provide free business and productivity advisory services for SMEs.
Startup SG Founder
This programme provides first-time entrepreneurs with mentorship support and startup capital grant.
Startup SG Equity
This government and private co-investment scheme provides equity investments to tech startups with strong intellectual property and global market potential. SEEDS Capital Pte Ltd (SC) and SGInnovate have been appointed to manage the funds under Startup SG Equity.
Startup SG Tech
This programme provides startups with early-stage funding to fast-track commercialisation of their propriety technology solutions.
Technology for Enterprise Capability Upgrading (T-UP)
This programme helps your company in your innovation journey by engaging A*STAR Research Scientists and Engineers from Research Institutes (RIs) to identify and execute suitable Research and Development (R&D) or innovation projects to upgrade your operations.
Technology Providers on Tech Depot
Start your company's technology journey with technology and digital solutions that are ready to be used for various business functions.
Double Tax Deduction for Internationalisation (DTDi)
Companies planning to expand overseas can benefit from DTDi, with a 200% tax deduction on eligible expenses for international market expansion and investment development activities.
Enterprise Development Grant (EDG) - Pilot Project and Test Bedding
This component of the EDG helps your company expand into new geographical or product markets through building your track records.
Enterprise Development Grant (EDG) - Service Excellence
This component of the EDG helps companies improve their service delivery by gaining a deeper understanding of their customers' needs and decision-making processes.
Enterprise Development Grant (EDG) - Strategic Brand and Marketing Development
This component of the EDG helps companies differentiate their brands, products and services.
This guide provides advice on how to trade confidently and export products internationally.
Intellectual Property Intermediary (IPI)
This programme provides companies with the ability to connect with a global network of technology partners in order to develop innovative products and services.
Mutual Recognition Arrangements (MRAs)
This provides your company with the opportunity to speed up entry into overseas markets and reduce costs.
Enterprise Development Grant (EDG) - Business Strategy Development
This component of the EDG helps companies improve their business strategies.
Productivity Solutions Grant (PSG)
This grant helps companies adopt technology solutions to improve productivity and enhance business processes.
SME Venture Loan (Venture Debt Programme)
This programme provides innovative and high-growth SMEs with access to alternative venture debt financing for business expansion.
Overseas Market Workshop (China)
This workshop will provide participants with a better understanding of the regional markets through networking with local businesses in China and also gain knowledge from local and foreign practitioners, business owners and market experts.
ASEAN Leadership Programme
This new initiative co-developed by ESG and HCLI helps your company prepare for business expansion overseas and build your network beyond Singapore.
Centres of Innovation (COIs)
Small and Medium Enterprises (SMEs) looking to embark on technology innovation are able to tap into a variety of ready resources available at the COIs.
Enterprise Development Grant (EDG) - Mergers and Acquisition
This component of the EDG helps companies grow through mergers and acquisitions (M&A).
Enterprise Development Grant (EDG) - Process Redesign
This component of the EDG helps companies review existing processes and identify areas for efficiency, before the introduction of automation or technology.
Enterprise Development Grant (EDG) - Standards Adoption
This component of the EDG helps companies adopt internationally-recognised standards and certifications in key industries and emerging sectors. By doing so, companies can enhance their competitiveness, improve their access to other markets and increase customer trust in their products and services.
Market Readiness Assistance (MRA)
This grant provides Small and Medium Enterprises (SMEs) with financial assistance when expanding their products and services to overseas markets.
SEEDS Capital (SC) manages co-investment funds under Startup SG Equity and co-invests in scalable innovative startups with strong intellectual property.