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 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