Enterprise Financing Scheme - Project Loan (EFS-PL)
· Last verified 23 Oct 2026Risk-shared loan to finance fixed assets or working capital needed to deliver secured overseas projects. Until 31 Mar 2027 it also covers secured domestic construction projects.
- Support
- Up to S$50m per borrower group across all EFS facilities, repayable over up to 15 years. EnterpriseSG normally shares 50% of the risk (70% for young enterprises or challenged markets). From 1 Sep 2026 to 31 Mar 2027 the risk share is 70% for all enterprises.
- Maximum funding
- S$50,000,000
- How to apply
- Participating Financial Institution (DBS, HSBC, IFS Capital, Maybank, OCBC, RHB, UOB) or ESIMS
- Apply before starting?
- No
Recent changes
MOF's 29 Jul 2026 package (1 Sep 2026 to 31 Mar 2027) raised the risk share to 70% for all enterprises and extended the loan to secured domestic construction projects.
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)
- The loan must support a secured contract or project, not general working capital
- Domestic construction projects need BCA CRS or BLS registration
- 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. Do you have a secured, signed project contract that the loan will fund?
- 5. If it is a domestic construction project, are you registered with BCA (CRS/BLS)?
0 of 5 answered.
What it covers
- Project-related fixed assets
- Project working capital
How to apply
- Secure the project contract
- Approach a participating bank or financial institution with the contract
- The bank assesses and grants the loan
Processing time: Depends on the bank
Claims: Not applicable.
Documents you need
- Signed project contract / letter of award
- ACRA bizfile business profile
- Financial statements
- Project cash flow projections
- BCA CRS/BLS registration (domestic construction)
- Bank statements
Frequently asked questions
What is the Enterprise Financing Scheme - Project Loan?
Risk-shared loan to finance fixed assets or working capital needed to deliver secured overseas projects. Until 31 Mar 2027 it also covers secured domestic construction projects.
How much funding does EFS-PL give?
Up to S$50m per borrower group across all EFS facilities, repayable over up to 15 years. EnterpriseSG normally shares 50% of the risk (70% for young enterprises or challenged markets). From 1 Sep 2026 to 31 Mar 2027 the risk share is 70% for all enterprises.
Who is eligible for EFS-PL?
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). The loan must support a secured contract or project, not general working capital Domestic construction projects need BCA CRS or BLS registration Subject to the bank's credit assessment
How do I apply for EFS-PL?
Apply through Participating Financial Institution (DBS, HSBC, IFS Capital, Maybank, OCBC, RHB, UOB) or ESIMS. Processing time: Depends on the bank.
What documents do I need for EFS-PL?
Signed project contract / letter of award; ACRA bizfile business profile; Financial statements; Project cash flow projections; BCA CRS/BLS registration (domestic construction); Bank statements.
Sources
- Official page: https://enterprisesg.gov.sg/financial-support/enterprise-financing-scheme---project-loan
- https://enterprisesg.gov.sg/resources/all-faqs/enterprise-financing-scheme---project-loan
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Enterprise Singapore before you apply.
