Enterprise Financing Scheme
Topics To Be Discussed
Key Facts about the Enterprise Financing Scheme
2. 30% or more local shareholding;
3. Group Annual Sales Turnover not exceeding S$500 million.
Benefits of the Enterprise Financing Scheme
The Enterprise Financing Scheme offers a diverse array of loans tailored to cater to the unique financial needs and strategic objectives of Singaporean businesses. To ensure the smooth facilitation of these financing solutions, the EFS operates in partnership with accredited Participating Financial Institutions. These institutions play a pivotal role in disbursing the loans and working closely with businesses to evaluate their eligibility and customize the financing terms as per their unique circumstances.
One notable advantage of the EFS is its risk-sharing mechanism. In cases of enterprise insolvency, EnterpriseSG collaborates with the Participating Financial Institutions to share the loan default risk. This initiative helps alleviate the concerns of financial institutions, encouraging them to extend loans to businesses, and provides a safety net for businesses facing unexpected challenges.
Eligibility Criteria for the Enterprise Financing Scheme
To qualify for the Enterprise Financing Scheme, businesses must meet the following eligibility requirements:
Registered and Operating in Singapore: The applying business entity must be legally registered and actively operating in Singapore.
Local Shareholding: The company should have at least 30% local shareholding held directly or indirectly by Singaporean(s) or Singapore PR(s), as determined by the ultimate beneficial ownership.
Group Annual Sales Turnover: The company's Group Annual Sales Turnover should not exceed S$500 million.
How to Apply for the Enterprise Financing Scheme
How We Can Help with the EFS Incentive
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