Enterprise Financing Scheme (EFS) - Trade Loan
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).
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
Borrower group limit: S$20 million for EFS-TL
- 05
Overall exposure limit S$50 million per borrower group
Frequently Asked Questions
Inventory/stock financing, structured pre-delivery working capital (revolving), factoring (with recourse), bill of invoice, AR discounting, overseas working capital loan, and Bank Guarantee (max 2 years).
Up to S$10 million per borrower (permanent from 1 April 2025 per Budget 2025).
Maximum 1 year repayment period.
50% (70% for young enterprises or challenged markets).
Yes, EFS-TL finances both domestic and overseas trade transactions.