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SME Equipment and Factory Loan

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Published by Enterprise Singapore
on 03 Jun 2015

Companies can access financing of up to S$15 million to purchase equipment, machines or selected factory properties.

About the Scheme

Small and medium enterprises (SMEs) can apply loans of up to S$15 million through the Local Enterprise Finance Scheme (LEFS) to purchase equipment, machines or selected factory properties.

Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.

 Scope

  • Automating and upgrading factory and equipment
  • Purchasing JTC Corporation or Housing & Development Board factory and business premises

 Loan Quantum

  • Up to S$15 million

 Repayment Period

  • Up to 8 years for Equipment Loans
  • Up to 10 years for Factory Loans

 Interest Rate

  • Subject to Participating Financial Institutions’ assessments of risks involved

Eligibility Criteria

Companies should meet the following criteria:

  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of up to S$100m or group employment size of not more than 2001

1Annual sales turnover and employment size will be computed on a group basis (i.e. all levels for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).

For More Info

SME Equipment and Factory Loan

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