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Insures your loans against default risks

Local Enterprise Finance Scheme premiums will be co-shared between the government and your enterprise.

Loans of up to $15 million for all locally owned SMEs.


Use of Funds For automating,upgrading factory and equipment, and / or purchasing
factory,business premises (only JTC Corporation or Housing &
Development Board Properties). Expanded to include financing of more
types of construction equipment and heavy vehicles
Maximum Loan Quantum $15 million
Interest Rate *Minimum 4.25% interest rate for loan tenure of 4 years and below.
*Minimum 4.75% interest rate for loan tenure of
more than 4 years.
* Subject to Participating Financial Institutions assessments of risks involved.

Criteria

You may apply for the Local Enterprise Finance Scheme if your company meets the following criteria :

  • Registered and operating in Singapore
  • At least 30% local shareholdings
  • Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200*
  • You may apply for Local Enterprise Finance Scheme if your company is locally-owned, with at least 30% local equity
Annual sales turnover and employment size will be computed on a group basis.
(i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)


Overview

Loans of up to $15million for all locally owned companies

Use of Funds For automating,upgrading factory and equipment, and / or purchasing
factory,business premises (only JTC Corporation or Housing &
Development Board Properties). Expanded to include financing of more
types of construction equipment and heavy vehicles
Maximum Loan Quantum $15 million
Eligible Companies All locally owned companies
Interest Rate * Minimum 5% interest rate for loan tenure of 4 years and below
* Minimum 5.5% interest rate for loan tenure of more than 4 years

Fifth Consultancy Pte Ltd.
Reg NO:201331854H

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