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Enterprise Financing Scheme

SME Working Capital Loan

• Financing up to S$500,000 for SMEs1 in Singapore

• Repayment period up to 5 years

• No collateral required


  • Term Loan for working capital use
  • Attractive loan interest rates
  • Low processing fee
  • Fast approval
  • Disciplined monthly repayment

How to Apply

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales1 of <= S$100 million or group employment size <= 200

1 Annual sales turnover and employment size will be computed on a group basis (i.e. Borrower and Group shareholders that hold more than 50% of the total shareholding of the applicant company, and any subsequent corporate parents (all levels up), and subsidiaries all levels down. Annual sales turnover and employment size is computed on a group basis.


Required documents

  • Last 2 years' audited accounts or certified financial statements (if applicable)
  • Last 6 months' bank statements.
  • Copy of NRIC (front and back) of owners/directors/partners/sole proprietor/guarantor(s)
  • Latest personal Income Tax Notice of Assessment of owners/directors/partners/sole proprietor/guarantor(s)

Please refer to the Application Form for the complete list of required documents.

To apply, simply complete the EFS Application Form* and SME Banking Consent Form (PDF), and send them in with the required documents.

*If your browser is unable support display of the form, please click download and open the file with Adobe Acrobat Reader installed on your device.

For more information, call our Business Banking hotline 1800-777 0022, or request a call back with our Business Development Managers today.

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