Enterprise Financing Scheme (EFS) - Project Loan
The EFS-PL finances the fulfilment of secured overseas projects, with an enhanced component for domestic projects available to construction-related enterprises. It supports a broad range of project-related financing needs. Supportable loan types include working capital loan, factory/building/land (purchase/renovation/construction), equipment/machineries/vessels/other fixed assets/machinery hire purchase, and guarantees. Must be for secured sales orders and/or projects, not solely for general working capital.
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
Must have secured sales orders and/or projects tied to the financing
- 05
For domestic projects: Enterprises with SSIC codes beginning with 41, 42, or 43
- 06
Overall exposure limit S$50 million per borrower group
How to Apply
1. Approach any Participating Financial Institution for EFS-PL 2. FI conducts credit assessment 3. Submit application via ESIMS portal (https://esgincentives.enterprisesg.gov.sg/) 4. Provide secured sales orders and/or project contracts 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
Secured overseas projects, and domestic projects for construction-related enterprises (SSIC codes 41, 42, 43).
Up to S$50 million per borrower for overseas projects; S$15 million for domestic projects (valid 1 Apr 2024 – 31 Mar 2025).
Up to 15 years maximum repayment period.
Working capital, factory/building/land (purchase/renovation/construction), equipment/machineries/vessels, and guarantees.
Yes, must be for secured sales orders and/or projects tied to the financing, not solely for general working capital.
Related Grants
Enterprise Financing Scheme (EFS) - SME Fixed Assets Loan
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Up to S$30 million per borrower (S$30 million borrower group limit)
The EFS-FA is designed for SMEs to finance investments in domestic and overseas fixed assets. It supports long-term capital investments that help businesses upgrade their operations and expand their capacity through equipment, machinery, and property acquisitions. Supported asset types include purchase of equipment and machines for automation and upgrading (new or resale), and purchase or construction of government- and commercial-built factories and business premises (new or resale).
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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.
Enterprise Financing Scheme (EFS) - SME Working Capital Loan
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Up to S$500,000 per borrower (S$5 million borrower group limit)
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The EFS-VD aims to finance the growth of innovative enterprises using Venture Debt and Warrants. It supports high-growth enterprises that do not have significant assets to be used as collateral under traditional bank lending. Under the enhanced programme, the venture debt facility can be backed by warrants or redeemable convertible preference shares. Use cases include growing and expanding existing capacity, diversifying into other product lines, augmenting working capital needs, undertaking new projects, and undergoing mergers and acquisitions.
Enterprise Financing Scheme (EFS) - Trade Loan
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The EFS-TL finances trade needs for domestic and overseas transactions. It is designed to help enterprises manage the financing requirements of their trading activities, from inventory management to receivables financing. The scheme supports a broad range of trade financing instruments. Supported trade financing types include inventory/stock financing, structured pre-delivery working capital, factoring (with recourse), bill of invoice, AR discounting, overseas working capital loan, and Bank Guarantee (capped at 2 years' tenure).
BuildSG Transformation Fund (BTF)
Building and Construction Authority
Varies by sub-scheme: BETC (S$100M), GTS (S$90M), GMIS-EB 2.0 (S$63M), PSG (up to S$30K per firm), EEG (up to S$350K), and others
The BuildSG Transformation Fund (BTF) is an umbrella framework that brings together all the various industry development support schemes managed by BCA under one unified platform. It is not a single grant but rather the overarching fund that facilitates transformation plans for Built Environment (BE) firms under key Built Environment Industry Transformation Map (ITM) areas. The BTF also enables individuals to tackle key transformation areas through upskilling and training. The BTF covers a comprehensive range of support schemes across multiple transformation pillars: workforce development, DfMA/IDD adoption, green buildings and sustainability, holistic firm transformation, and research & innovation. Each sub-scheme under BTF has its own specific eligibility criteria, funding levels, and application processes. By consolidating these schemes under one umbrella, the BTF aims to make it easier for industry players to discover and access relevant support while ensuring coordinated transformation across the entire value chain.