Enterprise Financing Scheme - Mergers & Acquisitions Loan (EFS-M&A)
· Last verified 23 Oct 2026Risk-shared loan to finance the acquisition of local or overseas target companies or assets.
- Support
- Up to S$50m per borrower group across all EFS facilities, repayable over up to 5 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises or challenged markets.
- Maximum funding
- S$50,000,000
- How to apply
- Participating Financial Institution (DBS, HSBC, Maybank, OCBC, UOB, RHB) or ESIMS
- Apply before starting?
- Yes, before any commitment or payment
Recent changes
Committee of Supply 2026 made the temporary domestic M&A coverage permanent, so the loan now covers both domestic and overseas M&A.
Who is eligible
- Registered and operating in Singapore
- At least 30% local shareholding
- Group annual turnover of S$500,000,000 or less (for SME support rates)
- Acquisition of a local or overseas enterprise and/or its assets
- 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 annual turnover S$500m or less?
- 4. Are you buying a company or business assets, locally or overseas?
- 5. Can you repay the loan within 5 years?
0 of 5 answered.
What it covers
- Acquisition consideration for target enterprise or assets
How to apply
- Identify the acquisition target
- Approach a participating bank or financial institution with the deal documents
- The bank assesses and grants the loan
Processing time: Depends on the bank
Claims: Not applicable.
Documents you need
- Term sheet / sale and purchase agreement
- Due diligence or valuation report
- Target company financial statements
- Acquirer's ACRA bizfile and financial statements
- Post-acquisition business plan
Frequently asked questions
What is the Enterprise Financing Scheme - Mergers & Acquisitions Loan?
Risk-shared loan to finance the acquisition of local or overseas target companies or assets.
How much funding does EFS-M&A give?
Up to S$50m per borrower group across all EFS facilities, repayable over up to 5 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises or challenged markets.
Who is eligible for EFS-M&A?
Applicants must be registered and operating in Singapore, have at least 30% local shareholding, have group annual turnover of S$500,000,000 or less (for SME rates). Acquisition of a local or overseas enterprise and/or its assets Subject to the bank's credit assessment
How do I apply for EFS-M&A?
Apply through Participating Financial Institution (DBS, HSBC, Maybank, OCBC, UOB, RHB) or ESIMS. You must apply before the project starts or any payment is made. Processing time: Depends on the bank.
What documents do I need for EFS-M&A?
Term sheet / sale and purchase agreement; Due diligence or valuation report; Target company financial statements; Acquirer's ACRA bizfile and financial statements; Post-acquisition business plan.
Sources
- Official page: https://www.enterprisesg.gov.sg/financial-support/enterprise-financing-scheme---mergers-and-acquisitions
- https://enterprisesg.gov.sg/budget-2026
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Enterprise Singapore before you apply.
