Enterprise Financing Scheme (EFS) - SME Working Capital Loan
The EFS-WCL helps SMEs finance their operational cashflow needs for daily business operations. It is one of the most accessible EFS loan types, designed to support the day-to-day financial requirements of small and medium enterprises, including payroll, inventory purchases, and other recurring operational expenses. EnterpriseSG shares 50% (or 70% for young enterprises) of the loan default risk with Participating Financial Institutions, encouraging them to extend financing to enterprises that may otherwise face difficulties obtaining commercial loans.
Eligibility Criteria
- 01
Business entity registered and operating in Singapore
- 02
At least 30% local equity held by Singaporeans/PRs
- 03
SME: Group revenue up to S$100 million OR maximum employment size of 200 employees
- 04
Group Annual Sales Turnover not exceeding S$500 million
- 05
Overall exposure limit S$50 million per borrower group
Frequently Asked Questions
Up to S$500,000 per borrower, with a borrower group limit of S$5 million for EFS-WCL.
Maximum repayment period is 5 years.
50% (70% for young enterprises formed within past 5 years).
Daily operational expenses including payroll, inventory purchases, rent, utilities, and other recurring operational expenses.
No, you must approach a Participating Financial Institution first. The FI conducts credit assessment and submits via ESIMS.