loan insurance

Enterprise Financing Scheme
Trade Loan (EFS-TL)

Grow your business with us

Enterprise Financing Scheme
Trade Loan (EFS-TL)

Grow your business with us

At a Glance

The Enterprise Financing Scheme (EFS) is a government risk-sharing scheme that helps SMEs obtain trade financing from DBS Bank. As announced during the Solidarity Budget 2020, the EFS-TL has been further supplemented as a way to continue supporting enterprises' access to trade financing line, thereby financing short-term trade facilities.

Enhanced Subsidy
Loan Quantum

SGD 10mil per Borrower

SGD 20mil per Borrower Group1

Risk Premium

0.85% of approved limit (for applications submitted before 31 March 2022)

 

1Borrower Group consist of the following:

  1. Applicant company; and
  2. Corporate Shareholders holding more than 50% shareholding at all levels up; and
  3. Subsidiaries where the applicant company holds more than 50% shareholding and any subsequent subsidiaries all levels down.
List of Eligible Products Under Import / Export / Guarantee
  • Inventory / Stock Financing
  • Structured Pre-delivering Working Capital
  • Bills / Invoice Financing
  • Overseas Working Capital Loan
  • Banker's Guarantee

Note: Interest rates, repayment structures, and security requirements will be determined by the Bank.

Eligibility Criteria

Enhanced EFS-TL will be available to enterprises from all industries subject to:

  1. Be incorporated and operating in Singapore;
  2. Have at least 30% local shareholding2; and
  3. Have Group Annual Sales Turnover of not more than SGD 500mil

2Local Shareholder refers to the ordinary shares held by Singapore Citizens or Permanent Resident

Application Form
Download PDF
How to Apply

Apply Now

OR

Please call us at:

  • 1800 222 2200 (if you are in Singapore)
  • +65 6222 2200 (if overseas)