Enterprise Financing Scheme - Venture Debt Loan (EFS-VD)
· Last verified 23 Oct 2026Risk-shared venture debt for high-growth, innovative companies (often VC-backed). The loan may come with warrants or redeemable convertible preference shares (RCPS).
- Support
- Up to S$8m per borrower, with S$20m per borrower group for EFS-VD and S$50m across all EFS facilities. Repayable over up to 5 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises.
- Maximum funding
- S$8,000,000
- How to apply
- Participating Financial Institution (DBS, HSBC, OCBC, UOB) or ESIMS
- Apply before starting?
- No
Recent changes
No component-specific changes found. The S$50m borrower-group cap applies from 1 Apr 2026.
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)
- Innovative, high-growth enterprise
- Lenders may take warrants or RCPS
- Subject to the lender's assessment
Quick eligibility check
- 1. Is your company registered with ACRA and operating in Singapore?
- 2. Do Singapore citizens and/or PRs own at least 30% of your company?
- 3. Is your group annual turnover S$500m or less?
- 4. Is your business innovative and growing fast, typically with equity funding raised?
- 5. Are you willing to grant warrants or RCPS to the lender?
0 of 5 answered.
What it covers
- Growth financing / runway extension
How to apply
- Approach a participating venture debt lender
- Provide the investor deck, financials and cap table
- The lender assesses and offers terms, which may include warrants
Processing time: Depends on the lender
Claims: Not applicable. You repay the loan.
Documents you need
- Loan application
- ACRA bizfile business profile
- Audited / management financial statements
- Business plan / investor deck and financial projections
- Capitalisation table and details of equity raised
- Bank statements
Frequently asked questions
What is the Enterprise Financing Scheme - Venture Debt Loan?
Risk-shared venture debt for high-growth, innovative companies (often VC-backed). The loan may come with warrants or redeemable convertible preference shares (RCPS).
How much funding does EFS-VD give?
Up to S$8m per borrower, with S$20m per borrower group for EFS-VD and S$50m across all EFS facilities. Repayable over up to 5 years. EnterpriseSG shares 50% of the risk, or 70% for young enterprises.
Who is eligible for EFS-VD?
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). Innovative, high-growth enterprise Lenders may take warrants or RCPS Subject to the lender's assessment
How do I apply for EFS-VD?
Apply through Participating Financial Institution (DBS, HSBC, OCBC, UOB) or ESIMS. Processing time: Depends on the lender.
What documents do I need for EFS-VD?
Loan application; ACRA bizfile business profile; Audited / management financial statements; Business plan / investor deck and financial projections; Capitalisation table and details of equity raised; Bank statements.
Sources
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Enterprise Singapore before you apply.
