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 in Budget 2023, the enhanced Enterprise Financing Scheme – Trade Loan has been further extended to 31 March 2024.

fund

Enhanced Subsidy

  • Maximum loan quantum raised from SGD 5mil to SGD 10mil per Borrower Group1.
  • Risk share is at 50%
    From 1 April 2021 – 31 March 2024: Risk share is at 70%
  • Beyond the period of this extension, the enhanced risk share of 70% will be maintained for young enterprises and enterprises trading in challenged markets

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.
Features & Benefits

Loan types

Maximum financing amount

Inventory / stock financing

Up to 100% of the purchase price

Structured pre-delivery working capital

Up to 100% of Letter of Credit or Letter of Confirmed Sales Order
Accounts Receivable financing  Up to 100% of invoice value
Overseas Working Capital Loan  Up to 100% of aggregate amount of overseas trade related working capital loans granted by financial institutions outside of Singapore

Note: Interest rates, repayment, and collaterals depend on the business risk profile.

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

How to Apply

Apply for a enterprise financing scheme trade loan now

OR

Please call us at:

  • 1800 222 2200 (if you are in Singapore)
  • +65 6222 2200 (if overseas)
Get in Touch
Open Business Account
Telegraphic Transfer Factsheet
Telegraphic Transfer Information
Apply for a Loan
Apply for Banker’s Guarantee
Apply for Import Letter of Credit
Contact DBS BusinessCare

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