Internationalisation Finance Scheme (IFS) - Marine and Offshore Engineering
Published by Enterprise Singapore
on 29 Nov 2019
Singapore-based Marine & Offshore Engineering (M&OE) companies can receive greater funding support through the enhanced Internationalisation Finance Scheme (IFS), to tide over the slowdown in the sector.
With IFS M&OE, companies have opportunities to access financing facilities provided by Participating Financial Institutions (PFIs) with maximum loan quantum of up to S$70 million in the following categories:
- Asset-based financing to purchase fixed assets, or to purchase/construct factories.
- Structured loans to finance the working expenses of secured projects.
- Banker’s guarantee for issuance of guarantee facilities for secured projects which can take the form of advance payment guarantee or performance guarantee.
- Merger and Acquisition financing to finance acquisition of equity stakes in businesses for expansion. The acquisition should be in line with the applicant’s core business.
Interest rates, repayment structures and collateral requirements will be determined by PFIs.
For More Info
230 Victoria Street #10-00
Bugis Junction Office Tower
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