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' trade financing needs.
fund

Enhanced Subsidy

  • Maximum loan quantum raised from SGD 5mil to SGD 10mil per Borrower Group1.
  • Increase in risk share to 90% (from 50% to 70% for young companies) for new applications initiated between 8 Apr 2020 to 31 Mar 2021. 
  • Extension of the enhanced subsidy (EFS-TL) so businesses can apply from now until 30 Sep 2021.

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 shareholding; and
  3. Have Group Annual Sales Turnover of not more than SGD 500mil
How to Apply

Apply Now

OR

Please call us at:

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