venture debt loan

Venture Debt Loan

To finance the growth of innovative and high-growth companies with alternative lending

Venture Debt Loan

To finance the growth of innovative and high-growth companies with alternative lending

At a Glance
shareholding

Minimise shareholding dilution

lowe

Lower the overall cost of financing

speed

Speed up growth initiatives

Features
Loan Amount Up to S$8mil per Borrower
Up to S$20mil per Borrower Group*
Loan Tenor Up to 5 years


*Borrower Group consists of the following:

  1. Borrower; and
  2. Corporate shareholders holding more than 50% at all levels up; and.
  3. Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
  4. Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels
Eligibility Criteria
  • Be incorporated and operating in Singapore2.
  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
  • Have Group Annual Sales Turnover of not more than S$500 million
  • 1Companies registered with SSIC codes beginning with 41,42 or 43 may apply for the enhanced EFS-PL to support domestic projects.

For the loan to be supported under EFS-PL, the additional criteria are required:

  • Fixed assets acquired are to discharge a contractual obligation under the project.
  • It must be for secured sales order and/or projects. It cannot be used solely for general working capital/operating expenses.

2ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the loan is subject to the Bank’s assessment.

Application Form
Download PDF