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Loan Insurance Scheme (LIS)

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Published by Enterprise Singapore
on 29 Nov 2019

The LIS helps companies secure short-term trade financing by insuring banks against the insolvency risks of borrowers.

Overview

About

Enterprises can secure short-term trade financing loans via the Loan Insurance Scheme (LIS) from Participating Financial Institutions (PFI).

Loans are insured by commercial insurers which co-share loan default with the PFI in the event of enterprise insolvency. A portion of the insurance premium is supported by the Government.

Enterprises can apply for the LIS to secure short-term trade financing for the purpose of:

  • Inventory/ stock financing facility
  • Structured pre-delivery working capital
  • Factoring/ bill or invoice or accounts receivable discounting with recourse
  • Overseas Working Capital Loan
  • Banker's Guarantee

 

Eligibility

Companies applying for the LIS should meet the following criteria:

  1. Be a business entity that is registered and physically present in Singapore, and
  2. At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
  3. Group revenue of up to S$100 million or maximum employment of 200 employees.

 

For More Info

Loan Insurance Scheme (LIS)

Enterprise Singapore
230 Victoria Street #10-00
Bugis Junction Office Tower
Singapore 188024

1 Fusionopolis Walk
#01-02 South Tower, Solaris,
Singapore 138628

Email : enquiry@enterprisesg.gov.sg
Hotline : (65) 6898 1800

Last Modified Date: 29 Nov 2019