Enterprise Singapore Loan

As part of our commitment to support local SMEs, ETHOZ Capital is one of the 15 Financial Institutions participating in the Government’s Enterprise Scheme (EFS). In partnership with Enterprise Singapore, ETHOZ Capital provides government aided loans to encourage and support the growth of locally-owned businesses.

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Types of Enterprise Singapore Loans

SME Working Capital Loan

Enhanced in Budget 2020, the SME Working Capital Loan provides SMEs access to working capital for their operational cash flow needs.

1 ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the enhanced SME Working Capital Loan. Approval of the loan is subject to the PFI’s assessment.

2 Borrower Group consists of the following:
a. Borrower; and
b. Corporate 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.)

Maximum Loan Quantum: S$300,000

Eligibility:

  • Be a business entity1 that is registered and physically present in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
  • Borrowers are subject to an overall borrower group2 limit of S$5 million for EFS-WCL. In addition, there is an overall loan exposure limit of S$50 million per borrower group across all ESG facilities.
  • For “SME Working Capital”, the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees
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Temporary Bridging Loan

Introduced in March 2020, the Temporary Bridging Loan Programme (TBLP) is available for a year until March 2021. It aims to provide additional cash flow support to aid businesses in tiding over the COVID-19 crisis.

3 ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the Temporary Bridging Loan. Approval of the loan is subject to assessment by ETHOZ.

Maximum Loan Quantum: S$3 million

Eligibility:

  • Be a business entity3 that is registered and physically present in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
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SME Fixed Assets Loan

This loan allows SMEs to invest in fixed assets, including equipment and machines for automation and upgrading, as well as the construction or purchase of government and commercial built factories and business premises.

Maximum Loan Quantum: S$30 million

Eligibility: 

  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • For “SME Fixed Assets”, SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees
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Financing Example

1
Company D is a small-medium enterprise (SME) that does central food production for canteen operators. Things were going smoothly at the start, but as business continues to grow in the following 2 years, they find it very difficult to cope with the increased customer demand as their equipment capacities are fully utilised. In order to resolve this, they will require $100,000 to fund the upgrade of their equipment.
 1
Unsure of the loan option, the owners of Company D approached ETHOZ Capital for financing solution. Being a 2 years old company with only five employees, ETHOZ recommended the SME Working Capital Loan to Company D for consideration to fund the upgrade of their machinery.

Upon agreement, ETHOZ waste little time in securing the funding for Company D. The whole process is quick and hassle-free. Thus, Company D is able to proceed with their machinery upgrade almost immediately – increasing the company’s food processing output and therefore sales.

ETHOZ has offered Company D the following terms:
Interest Rate : 5.5% effective rate
Monthly Repayment : $3,020 x 36 months
 1
In this example, Company D pays $3,020 per month through taking up a SME Working Capital Loan. It does not have to put up any collateral to secure this loan while making it possible to upgrade their machinery to increase productivity.

* Disclaimer: Example above is merely shown for illustration purpose to better allow readers to understand the uses of each financing solution. Figures and interest rates listed above are not representative; it may differ based on each company’s requirements and management’s approval. Additional terms and conditions may also apply based on the credit assessment and evaluation conducted during application. ETHOZ Capital Ltd and its employees make no representation or warranty, whether expressed or implied, and accept no responsibility for the completeness or accuracy of the computation.

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Signing of Documents

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Timely Disbursement

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