Wikiprocedure

Singapore - Apply for Enterprise Financing Scheme (EFS)

Page Discussion

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ProcedureEdit

Apply In-Person

  1. To Apply for Enterprise Financing Scheme (EFS), the applicant has to approach the Enterprise Singapore Agency link
  2. An application form will be provided to the applicant by the authorized officer.
  3. The application form also downloaded from the following link as adobe folder link
  4. The applicant has to fill in all the necessary details in the application form (Incomplete application forms are not accepted)
  5. Make sure the applicant has attached all the necessary documents that are mentioned under the “Required Documents” section of this page (Both photocopies and originals).
  6. The applicant should attach the photocopies of the required documents while submitting.
  7. Fee for this procedure has to be paid as per the authority request.
  8. Applicant can submit the application form and the documents to the respective office.
  9. PFI evaluates the applicant’s loan application under the EFS. The loan application is subject to Individual PFI’s credit assessment.
  10. The completed application will be processed in about 30 working days.
  11. When loan application is approved, the applicant will be given a Letter of Offer. Upon acceptance of the offer, loan will be disbursed (subjected to individual PFI’s Approval and disbursement process).


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Required DocumentsEdit

  • Latest ACRA search of application company
  • Latest ACRA search of corporate shareholders


(Only applicable if corporate shareholder(s) hold more than 50% of the total shareholding.)

  • Latest financing statements (not more than 1 year ago)
  • Asset invoice (if any)
  • Any other documents specified by the PFI
  • Completed form link


Office Locations & ContactsEdit

Enterprise Singapore Agency
SME Centre@ASME
167, Jalan Bukit Merah
No.03-13, Tower 4, Singapore 150167

Contact number - +65 6513 0388
Email - [email protected]
Website link
Contact link
For more contact details link

EligibilityEdit

  • To qualify for the EFS, the applicant need to:
    • Be a business entity that is registered and physically present in Singapore
    • Have at least 30% local equity held directly or indirectly by Singaporean(s) and/or
    • Singapore PR(s), determined by the ultimate individual ownership
    • Have a Maximum Borrower Group revenue cap of S$500 million for all companies
  • For “SME Working Capital” and “SME Fixed Assets”, SMEs refer to companies with a group revenue of S$100 million or maximum employment of 200 employees.


FeesEdit

Fee for this procedure has to be paid as per the authority request.

ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever


Documents to UseEdit

Link

Sample DocumentsEdit

Please attach sample completed documents that would help other people.


Processing TimeEdit

The processing time for this procedure is takes up to 30 days.

Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.


InstructionsEdit

  • Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
  • Applicants must provide genuine information while applying for this procedure.


Required InformationEdit

  • Name & address
  • E-mail address
  • Date of birth
  • Citizenship
  • Age
  • Occupation
  • Street
  • City
  • State
  • Telephone


Need for the DocumentEdit

The Enterprise Financing Scheme (EFS) is a scheme administered by Enterprise Singapore (ES), a statutory board under the Ministry of Trade and Industry. ES was formed after a merger of Spring Singapore and IE Singapore.

Information which might helpEdit

Guideline to apply link

Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.


External LinksEdit

More detail about scheme link

OthersEdit

More information which might help people.


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