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? From 30 September 2026 those run under the EDGE grant, which replaced the EDG grant, PSG grant and MRA grant. Our team delivers EDGE projects 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.
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