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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 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 invest in domestic and overseas fixed assets.

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.

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

Critical information

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 fixed assets 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 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. Selected markets are defined as countries with Standard & Poor’s (S&P) ratings of below BBB- or are not rated.  

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