Internationalisation Finance Scheme for Non-Recourse (IFS-NR)
Published by Enterprise Singapore
on 03 Jun 2015
Purpose of the Scheme
Mid-sized companies can access up to S$50 million in project financing for local and overseas development projects with the Internationalisation Finance Scheme for Non-Recourse (IFS-NR).
Enterprise Singapore co-shares default risks with Participating Financial Institutions (PFIs) to look beyond the borrowers’ balance sheet and instead rely on project income streams when extending project finance loans.
Singapore based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than S$1 billion (for trading companies) or less than S$500 million (for non-trading companies) may apply for IFS-NR.
In addition, the qualifying Singapore entity must have at least 30% equity share in the Special Purpose Vehicle and the overseas business must complement the Singapore company’s core operations and result in clear economic spin-offs to Singapore.
For More Info
230 Victoria Street #10-00
Bugis Junction Office Tower
1 Fusionopolis Walk
#01-02 South Tower, Solaris,
Email : email@example.com
Hotline : (65) 6898 1800