Ref: EFS · Enterprise Singapore (with banks) · reviewed 05 Jul 2026
Enterprise Financing Scheme
Not a grant, but the reason banks say yes: the government shares 50 to 70% of loan default risk across working capital, trade, fixed assets, venture debt, and M&A loans.
Working capital up to S$500,000; other tracks higher
Who qualifies
- ✓Business registered and operating in Singapore
- ✓At least 30% local shareholding
- ✓Group revenue under S$500M (SME definitions vary per track)
What it pays for
- Working capital loans
- Trade financing
- Fixed asset loans (equipment, property)
- Venture debt and M&A tracks
How to apply
Bank credit timelines: typically 2 to 6 weeks
- 1Approach any participating bank or FI (they apply the scheme, not you)
- 2Bank assesses your credit as usual with the government risk-share behind it
- 3Draw down like a normal loan
Advisor's note
If a bank rejected you two years ago, ask again under EFS tracks; the risk-share changes the answer for thin-file SMEs. Interest rates are still the bank's own.
Planning a digitalisation or overseas-expansion project? Those usually run under EDG or MRA, which our team delivers end to end.
Common questions
How much does the EFS cover?
Government risk-share 50 to 70%, working capital up to S$500,000; other tracks higher. Not a grant, but the reason banks say yes: the government shares 50 to 70% of loan default risk across working capital, trade, fixed assets, venture debt, and M&A loans.
Who is eligible for the EFS?
Business registered and operating in Singapore At least 30% local shareholding Group revenue under S$500M (SME definitions vary per track)
What does the EFS pay for?
Working capital loans Trade financing Fixed asset loans (equipment, property) Venture debt and M&A tracks
How do I apply for the EFS?
1. Approach any participating bank or FI (they apply the scheme, not you) 2. Bank assesses your credit as usual with the government risk-share behind it 3. Draw down like a normal loan
How long does the EFS take?
Bank credit timelines: typically 2 to 6 weeks
Find out what the EFS will co-fund for you.
15 minutes on WhatsApp. We check your eligibility, the realistic support amount, and whether a different grant fits better. No fee, no obligation.
WhatsApp us now