Enterprise Financing Scheme

Who qualifies

• Organisation types: Private limited company (Pte Ltd); Public company; Limited liability partnership; General partnership; Sole proprietorship.
• Must be registered in Singapore.
• For SME Working Capital and SME Fixed Assets, the SME test is either/or: group revenue up to S$100 million OR maximum employment size of 200 employees.
• Loan approval is subject to the participating financial institution's assessment.
• Minimum local shareholding (%): 30.
• Maximum group annual sales (S$): 500,000,000.

What it funds

• Working capital, trade or project financing schemes

Costs covered: General operating funds (loans); Hardware, machinery, IT equipment; Explain in notes.

EnterpriseSG risk-share is generally 50%; qualifying young enterprises or challenged markets may receive 70%. EFS-Green risk-share is 70%. All enterprises receive 70% risk-share for SME Working Capital and Project Loans from 1 September 2026 to 31 March 2027. Borrowers remain responsible for 100% repayment.

Facility caps: SME Working Capital S$500,000 per borrower (S$5 million borrower-group limit); Venture Debt S$8 million per borrower (S$20 million borrower-group limit); Green developmental capital S$3 million; FFI/MDB working capital S$300,000. Fixed assets, trade, project and M&A facilities are subject to the S$50 million maximum across all EFS facilities per borrower group; overall exposure across EFS variants is S$50 million per borrower group.

Payment: Government-backed financing rather than a grant.

How to apply

Apply to a participating financial institution, subject to its credit approval. The WCL, Fixed Assets, Venture Debt, Trade, Project and M&A pages also link to EnterpriseSG's Incentive Management System.

Official sub-scheme pages state the partner-FI workflow and some ESIMS routes, but do not list applicant document requirements or processing times.

1. Choose the applicable EFS financing facility.
2. Approach a participating financial institution and apply for the loan, subject to its credit approval.
3. For the facilities that offer it, use the linked Enterprise Singapore Incentive Management System application route.

Claiming support

Borrowers repay 100% of the loan. After a default, the participating financial institution must follow its standard commercial recovery procedure, including realising security, before claiming from EnterpriseSG for the unrecovered amount in proportion to the risk-share.

Contact: Enterprise Infoline

Application window: The overall EFS has no stated closing date. EFS-Green closes 31 March 2031; the FFI/MDB route closes 31 March 2028. Temporary WCL and Project Loan enhancements run from 1 September 2026 to 31 March 2027.