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.
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    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 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 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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