SME HP Facility/ Equipment Loan/ Factory Loan under the Local Enterprise Finance Scheme (LEFS)
To qualify, your business must meet the following requirements:
- Registered or incorporated in Singapore
- At least 30% local shareholdings
- Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200*
*Annual sales turnover and employment size will be computed on a group basis.
(i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)
Please click here to find out more about the Local Enterprise Finance Scheme (LEFS).
Internationalisation Finance Scheme (IFS)
To qualify, your business must meet the following requirements:
- Singapore-based company with meaningful business operations and at least 3 strategic business functions* in Singapore.
- Global Headquarter(HQ)** anchored in Singapore.
- For non-trading companies, the turnover shall not exceed S$300 million. For trading companies', the turnover shall not exceed S$500 million.
- Singapore-based company with meaningful business operations and at least 3 strategic business functions** in Singapore^.
- The overseas business must complement the Singapore company's core operations and result in economic spin-offs to Singapore
* Strategic business functions refer to activities such as (i) banking & financial, (ii) marketing and business planning, (iii) procurement, logistic, (iv) training & personnel management, (v) investment planning/co-ordination, (vi) R&D and design, (vii) technical support, (viii) manufacturing, and (viiii) other value-added (VA) activities.
** An entity is considered to have its Global HQ anchored in Singapore where:
- more than 50% of the Board of Directors are Singaporeans or Permanent Residents of Singapore;
- the control and management of the QSE's ultimate corporate parent (the Parent) is exercised in Singapore;
- the chief executive officers of the Parent responsible for the global decisions of the Group are based in Singapore; and
- the Parent's Board of Directors meeting are held in Singapore.
Refers to companies with more than 50% sales turnover derived from trading.generate the desired markup.