EFS Green Finance
Financing for sustainable projects.
| SME loans overview | EFS Green Finance
Overviews of EFS Green Loans
ESG new initiatives to allow local enterprises easy access to green financing that the enabling solutions to reduce waste, resource use and reuse, emissions, especially in the sectors in clean energy, circular economy, green infrastructure and, clean transportation and etc.
The new financing scheme is helping local enterprises develop capabilities, build sustainability within the green economy with the aim to generate value-added economic, positive environmental impact, and create good employment for Singaporeans.
Types of the EFS Green Loans - $50.0mil related group exposure
Growth Loan - $3.0mil, up to 5 years
Finance expenses like new products, technology development, consultant fees.
Trade Loan - S$10.0mil, up to 1 year
Finance for green and sustainable products and raw materials.
Venture Debt - S$8.0mil, up to 5 years
Finance for innovative growth that related to green initiatives.
Asset Loan - S$30.0mil, up to 15 years
For purchase of equipment, construction of factory related to green initiatives.
Project Loan - S$50.0mil, up to 20 years
Finance for local and regional green initaitive projects.
M & A Loan - S$50.0mil, up to 5 years
Finance for merger & acquisition of firms that related to green initiative.
Tailor-made for green business growth
1.
Exceptional Flexibility
Budget the repayment base on your cash flow to keep it affordable and peace of mind.
2.
Support for sustainable business growth
Whenever a new business opportunity evolves, you are assured of the financial support.
3.
Peace of mind
Commercially friendly terms and conditions to keep your company with a competitive edge.
Financing you can be used for
1.
Stimulate local core capabilities growth
Helping local enterprise to capture growth and create impact within the green economy.
2.
Focus on green initiatives development
In line with Singapore Green Plan 2030 to reduce waste, resources and emissions.
3.
Open to technology & solution enablers
Industry players in clean transportation, green infrastruture etc will benefit from this initiative.
Are you eligible?
Singapore-based company with at least 30% local shares.
Good credit history and contribute 2 years income taxes.
In operation for at least 6 months with generating revenues.
Good business model with ability to make consistent orders.
Ready to take action?
Speak with us to check for more information.
Preparing for documents?
How does it work?
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Company's Bizfile.
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Recent 6 months bank statements.
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Current 2 years financial statement (optional).
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Awarded contracts (if available).
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Director's NRIC and 2020 & 2021 NOAs.
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Director's CBS report (current month).
1.
Submit your documents online to us.
Gather the supporting documents altogether and submit them by email to us.
2.
Receive notification of loan progress
You will be receiving messages upon the submission and the loan status of the application.
3.
Review the offer
You will be receiving a pre-approval term sheet first before accepting the formal letter of loan offer.
4.
Funds transfer to your bank account
Upon accepting the loan offer, the funds will be disbursed in your bank account the next day.
Know The Loan Approval Criteria.
Get the loan at your fingertips.
Maintaining your personal credit history well
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A good paymaster indicates the signal of prompt payment.
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Showing trust and reliability.
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Easy to get lower interest loan and attractive borrowing terms.
Showcase your company's website to the world
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A good platform generating revenues for your business.
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Keep close with your investors, customers and creditors.
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Key driver to grow business.
Made A Solid Business Plan & Know Purposes
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Have a good & sound profitable revenue model.
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Plan financial forecast ahead & measure traction regularly.
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Secure more sale orders.
Be Prudent & Use Your Bank Account Wisely
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Maintain good bank balances & take precautious measures if otherwise.
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Strictly no for personal uses & other non-business uses.
Know Your Trade-Cycle & Extra Cash Required
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Know the purpose of the loan to be used in business.
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Find the trade cash-flow gap to improve financial health.
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Keep trade cycle shorter.
Get Financials Timely & Know The KPIs Metrics
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Get financial reports timely.
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Know the KPIs & ways to improve key performance.
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Know the respective ratios on how its impact the loan.