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Internationalisation Finance Scheme (IFS) - Marine and Offshore Engineering

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Published by Enterprise Singapore
on 03 Jun 2015

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.

Overview

About

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.

Apply

Participating Financial Institutions

Contact

Bank of China

6412 8656 / 6412 8342

DBS Bank Limited

1800 222 2200

Hong Leong Finance Limited

1800 338 8338

IFS Capital Limited

6270 7711

Industrial and Commercial Bank of China Limited

6538 1066

Maybank Singapore Ltd and Malayan Banking Berhad, Singapore Branch

1800 777 0022

ORIX Leasing Singapore Limited

6339 3622

Oversea-Chinese Banking Corporation Ltd (OCBC Bank)

6538 1111

Resona Merchant Bank Asia Ltd

6224 7155 / 6228 6105

RHB Bank Berhad

1800 323 0100

Standard Chartered Bank

1800 747 7000

The Hongkong and Shanghai Banking Corporation Limited

1800 216 9008 / 6216 9000

United Overseas Bank Limited

6539 1236

 

Other related assistance

To help M&OE companies finance operations and bridge short-term cash flow gaps, Enterprise Singapore will improve access to working capital through its bridging loan. Find out more here.

For More Info

Internationalisation Finance Scheme (IFS) - Marine and Offshore Engineering

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: 03 Sep 2019