About The Enterprise Financing Scheme (EFS)
The Enterprise Financing Scheme (EFS) is a comprehensive tool to enable Singapore enterprises to access financing more readily across all stages of growth.
It covers seven areas to address enterprises’ financing needs: green loans, working capital loans, fixed asset loans, venture debt loans, trade loans, project loans, as well as Merger & Acquisition loans.
Outsourcing Company for Loan Applications
At Plutus, we simplify and streamline the entire process of applying for government-assisted loans such as the Enterprise Singapore Working Capital Loan.
Our experienced team takes care of the administrative workload—from document preparation and eligibility checks to submitting applications and liaising with financial institutions.
This saves businesses valuable time and reduces the stress of navigating complex procedures. Whether you’re applying for one loan or managing multiple applications, Plutus ensures everything is handled efficiently and accurately so you can focus on growing your business while we manage the paperwork.
Enterprise Financing Scheme (EFS) – by Enterprise Singapore
This umbrella scheme supports various business needs and is offered through participating financial institutions (like DBS, OCBC, UOB, etc.), with risk-sharing by the government.
| Types of EFS Loan | Purpose | Requirements and Payment |
| 1. EFS – Working Capital Loan (WCL) | For daily operational cash flow needs such as rent, salary, inventory, and short-term obligations. | Requirements – Company must be registered and operating in Singapore. – At least 30% local shareholding. – Group annual revenue ≤ S$100 million or employment ≤ 200. PaymentLoan Quantum: Up to S$500,000 per borrower. – Government Risk-Share: Up to 70% of the loan risk (not subsidy). Repayment: Typically over 1–5 years. Interest Rates: Varies by bank but generally lower due to government backing. |
| 2. EFS – Green Loan | The scheme also aims to help enterprises embark on their sustainability journey and reduce their carbon footprint. | Requirements – Business entity registered and operating in Singapore – Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s) – Company’s Group Annual Sales Turnover should not exceed S$500 million – Meets the criteria for EFS-Green’s Qualifying Green Sectors and Activities and Qualifying Borrower Types Payment 70% risk-share to catalyse the lending from participating Financial Institutions (FIs) |
| 3. EFS – Fixed Asset Loan | For SMEs to finance their investments in domestic and overseas fixed assets, including: | Requirements – Business entity registered and operating in Singapore – Company has at least 30% local equity – Group Annual Sales Turnover not exceeding S$500 million – Group revenue of up to S$100 million or a maximum employment size of 200 employees |
| 4. EFS – Trade Loan | For trade financing needs (e.g., import/export, inventory purchase). | Requirements – Loan quantum: Up to S$10 million per borrower. |
5. EFS – Project Loan | For funding overseas projects (construction, IT systems, manufacturing plants). | Requirements – Business entity registered and operating in Singapore – Company has at least 30% local equity – Group Annual Sales Turnover not exceeding S$500 million – Enterprises registered with SSIC codes beginning with 41, 42 or 43 may apply for the enhanced EFS-PL – Fixed assets acquired are to discharge a contractual obligation – It must be for secured sales orders and/or projects |
| 6. EFS – Venture Debt Loan | For high-growth start-ups that may lack assets for traditional collateral-backed loans. | Requirements – Business entity registered and operating in Singapore – Company has at least 30% local equity – Group Annual Sales Turnover not exceeding S$500 million |
| 7. EFS – Mergers & Acquisitions (M&A) Loan | Financing for acquiring local or overseas companies for growth. | Requirements – Business entity registered and operating in Singapore – Company has at least 30% local equity – Group Annual Sales Turnover not exceeding S$500 million |
Simplify Your Business with Plutus
At Plutus, we provide a comprehensive range of corporate services, corporate loan advisory, and general insurance solutions. Our offerings include payroll services, corporate secretarial support, tax filing, financial reporting, and more—all designed to streamline your operations.
Whether you’re a start-up or an established business, our expertise in business process outsourcing and corporate finance solutions helps you make data-driven decisions for long-term success. You can also leave the hassle of S-Pass, Employment Pass, and Long-Term Pass applications to us—we’ll handle the entire process for you.
Let us take care of the administrative burden while you drive your business forward. Get in touch today for a consultation!