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Internationalisation Finance Scheme (IFS)

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Published by Enterprise Singapore
on 03 Jun 2015

Internationalisation Finance Scheme (IFS) is a programme designed to assist aspiring Singapore-based companies who wish to venture abroad and are in need of financing facility.

Overview

About

Internationalisation Finance Scheme (IFS) is a programme designed to assist aspiring Singapore-based companies who wish to venture abroad and are in need of financing facility. IFS provides indemnification to Participating Financial Institutions (PFIs) who provide the facility.

With IFS, companies have opportunities to access financing facilities provided by PFI in the following categories:

  • Asset-based financing to purchase fixed assets for use overseas, or to purchase/construct factories overseas.
  • Structured loans to finance the working expenses of secured overseas projects.
  • Banker’s guarantee for issuance of guarantee facilities for secured overseas projects which can take the form of advance payment guarantee, performance guarantee or tender bond guarantee.
  • Merger and Acquisition financing to finance acquisition of equity stakes in businesses for overseas 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.

Singapore companies in Marine and Offshore Engineering can access up to S$70 million in credit facilities. For more information, click here.

Mid-sized companies who are seeking information and support to undertake projects, can find out more here.

The IFS will become part of the Enterprise Financing Scheme when it is launched in October 2019.

Eligibility Criteria

Singapore-based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than S$500 million (for trading companies) or less than S$300 million (for non-trading companies) may apply.

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

For More Info

Internationalisation Finance Scheme

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