Enterprise Financing Scheme (EFS) - Mergers & Acquisitions Loan
The EFS-M&A finances the acquisition of local or overseas target enterprises with the intent of internationalisation. It provides substantial financing support to help Singapore enterprises grow through strategic acquisitions, both domestically and internationally. This scheme supports enterprises looking to expand their business footprint, acquire new capabilities, or enter new markets through mergers and acquisitions.
Eligibility Criteria
- 01
Business entity registered and operating in Singapore
- 02
At least 30% local equity held by Singaporeans/PRs
- 03
Group Annual Sales Turnover not exceeding S$500 million
- 04
Acquisition must be with intent of internationalisation
- 05
Overall exposure limit S$50 million per borrower group
How to Apply
1. Approach any Participating Financial Institution for EFS-M&A (DBS, HSBC, Maybank, OCBC, UOB, RHB) 2. FI conducts credit assessment 3. Submit application via ESIMS portal (https://esgincentives.enterprisesg.gov.sg/) 4. Provide acquisition agreements and business rationale 5. EnterpriseSG processes the risk-share component 6. Loan disbursed by FI upon approval
Claims and Disbursement
EFS is a loan programme - borrowers repay 100% of the loan to the FI per agreed schedule. In event of default, after FI exhausts standard recovery procedures, FI may claim against EnterpriseSG for unrecovered amount in proportion to risk-share.
Frequently Asked Questions
Acquisition of local or overseas target enterprises with the intent of internationalisation.
Up to S$50 million per borrower or borrower group.
Maximum repayment period is 5 years.
50% (70% for young enterprises or challenged markets).
Acquisition agreements, business plan showing internationalisation intent, financial statements, and supporting documents required by the FI.