Enterprise Financing Scheme - SME Fixed Assets Loan (EFS-FA)
· Last verified 23 Oct 2026Risk-shared bank loan for SMEs to buy fixed assets in Singapore or overseas, such as machinery, equipment and property.
- Support
- Up to S$50m per borrower group across all EFS facilities, repayable over up to 15 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises or those in challenged markets (rated BB+ or below).
- Maximum funding
- S$50,000,000
- How to apply
- Participating Financial Institution or ESIMS
- Apply before starting?
- No
Recent changes
S$50m combined cap per borrower group across all EFS facilities from 1 Apr 2026 (Budget 2026).
Who is eligible
- Registered and operating in Singapore
- At least 30% local shareholding
- Group annual turnover of S$100,000,000 or less (for SME support rates)
- 200 or fewer employees (for SME support rates)
- SME: group revenue up to S$100m OR up to 200 employees
- Subject to the bank's credit assessment
Quick eligibility check
- 1. Is your business registered with ACRA and operating in Singapore?
- 2. Do Singapore citizens and/or PRs own at least 30% of your business?
- 3. Is your group revenue S$100m or less, OR do you have 200 or fewer employees?
- 4. Is the loan for buying fixed assets such as equipment, machinery or property?
- 5. Has a participating bank agreed to assess your credit?
0 of 5 answered.
What it covers
- Machinery and equipment
- Factory / property purchase (domestic or overseas)
How to apply
- Approach a participating bank or financial institution (e.g. DBS, OCBC, UOB, HSBC, Maybank, ORIX, Hong Leong Finance)
- Submit the loan application with asset quotations
- The bank assesses and grants the loan
Processing time: Depends on the bank
Claims: Not applicable. You repay the loan to the bank.
Documents you need
- Bank loan application form
- ACRA bizfile business profile
- Financial statements (latest 1-2 years)
- Quotation / sales and purchase agreement for the asset
- Bank statements
- Directors' IDs and NOA (income tax)
Frequently asked questions
What is the Enterprise Financing Scheme - SME Fixed Assets Loan?
Risk-shared bank loan for SMEs to buy fixed assets in Singapore or overseas, such as machinery, equipment and property.
How much funding does EFS-FA give?
Up to S$50m per borrower group across all EFS facilities, repayable over up to 15 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises or those in challenged markets (rated BB+ or below).
Who is eligible for EFS-FA?
Applicants must be registered and operating in Singapore, have at least 30% local shareholding, have group annual turnover of S$100,000,000 or less (for SME rates), have 200 or fewer employees (for SME rates). SME: group revenue up to S$100m OR up to 200 employees Subject to the bank's credit assessment
How do I apply for EFS-FA?
Apply through Participating Financial Institution or ESIMS. Processing time: Depends on the bank.
What documents do I need for EFS-FA?
Bank loan application form; ACRA bizfile business profile; Financial statements (latest 1-2 years); Quotation / sales and purchase agreement for the asset; Bank statements; Directors' IDs and NOA (income tax).
Sources
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Enterprise Singapore before you apply.
