| Covid-19 Relief Measures

OVID-19

Doing Businesses in the fast-changing pandemic markets.

Since December 2019, the deadly pandemic has caused a massive change in the ways of doing business in Singapore and the World.

The disruptions are a painful experience that the people and businesses are so vulnerable to this pandemic threat. Fortunately, the government's stimulus measures and the new unprecedented opportunities give the markets a strong booster to recover from the bottom steadily.

It's important for us to learn from this costly lesson to stay financially resilient and be physically and mentally prepared ahead before this crisis hits the livelihood of the people and the businesses again.

stay resilient to Cope with the unexpected changes.

C

Together, we learn new skills and reshape our competencies to take on the challenges in the fast-changing business environment.

At SME+FS, we also doing our part to keep innovating for new financial products and services to keep align with the changing market demands.

EFS's Loans Eligibilites:

More than $100 billion of EFS funds are opened for companies to apply for and the general terms & conditions are:

A locally-registered firm with at least a 30% local shareholding.
With $750k annual sales turnover and a decent profit-making model.
Operating in the low-risk market segments.
Sound and healthy bank balances.
Borrower and guarantor must stand with a sound 'AA to CC' credit rating

WHAT IF THE APPLICANT FAILS TO MEET THE CONDITIONS.

Don't worry, we have other financing schemes to support for your working capital needs.

Speak to us, we have the answers and know the ways to support our local SME businesses.

3 Key Subsidized Business Loans For All Companies:

Temporary Bridging Loan (TBL)

Loan amount up to $3mil;
Interest capped 5.0% pa (flat 2.5% pa);
Further extended to March 2022.

SME Working Capital Loan

Loan amount up to $0.3mil;
Interest rate charge varies the risk profile of the borrower;
Up to 5 years repayment term.

EFS Trade Loan & LIS

Up to $10m for purchase of stock, BG.
Covers domestic & overseas transactions;
Further extended to March 2022.

$30m SME Fixed Asset Loan - Finance local and overseas fixed assets investment.

$5m Venture Debt Loan - Finance the new growing innovative business.

$50m Project Finance - Finance the awarded overseas projects.

$50m Merger & Acquisition Finance - Support the acquisition of local or overseas enterprises.

Trade Credit Insurance Scheme - Protect against non-payment by the new customers.

Political Risk Insurance Scheme - Safeguard companies' overseas projects against political uncertainty.

These financing and credit protection initiatives are providing to companies for venturing into the overseas markets with the intent to drive for long-term economic growth and internationalization.

Government Relief Measures helping Firms coping with Covid-19.

Together, we'll stay resilient and move forward. Together, we’ll overcome.

Financing Schemes Support

Special Funds For Startups.
SME Working Capital Loan.
Temporary Bridging Loan.
SME Trade Loan.
Loan Insurance Scheme.

Managing Cash Flows & Debts

Defer Payment on Secured Loans.
Assistance with insurance protection.
Corporate Tax Deferment
Enhanced Property Tax Rebate

Managing Costs & Upgrading

Wage Credit Scheme.
Jobs Support Scheme.
Waiver of Foreign Workers Levy.
Funding Support for Training Local Employees.

Enhanced Grants & Schemes

Digital Resilience Bonus.
Enterprise Development Grant.
Productivity Solutions Grant.
SG Together Enhancing Enterprise Resilience Program.

STAY SAFE AND HEALTHY.

TOGETHER, WE'LL OVERCOME & MOVE FORWARD.

Set aside the differences and extend helps to those who need the support to fight against the pandemic and climate changes.

Only when we stay united and do what we are best at to resolve many of the critical issues quickly. To us, we hope our services and initiatives could help businesses to better respond to the financial challenges and stay strong in the post-pandemic era.

Together, we stay resilient and overcome challenges confidently.