Strengthen, upgrade and expand your business with the help of a loan.

As part of the business financing enhancements, LEFS will be enhanced from 1 December 2008. See Fact Sheet for the changes.

For who?

All local businesses that need to grow. Your business qualifies as long as:

• 30% - 100% of your shareholding is local
• your fixed assets are worth S$0 - S$15M*
• you have 0 - 200 employees (for non-manufacturing
  companies)*

*Computed on a group basis. Where 20% - 100% of your shares are owned by other companies, the total value of your fixed assets and employees is calculated three levels up. Where your company owns 51% - 100% of another company (subsidiary), your subsidiary's fixed assets and employees will also be added to the computation.

For what?

You can use the loan to:

• automate and upgrade your factory and equipment
• purchase factory and business premises^#

# Only for JTC Corporation or Housing & Development Board properties.

Types of loans

• Factory Loan
• Machinery Term Loan / Machinery Hire Purchase
  

Interest rates and re-payment

• You can choose a fixed interest or variable interest rate loan.

Things to note

• Your combined loan exposure under LEFS cannot exceed S$15 million.

Facts & figures

• S$720 million worth of loans have been extended to 3,500 companies under LEFS, Micro Loan Programme and Loan Insurance Scheme (LIS) from 1 January 2007 - 31 December 2007.
  Source: SPRING Singapore, Annual Report 2007/2008.
  
  
• S$3 billion worth of loans have been extended to 2,800 companies under LEFS from 2002 - 2006.
  Source: SPRING Singapore, Enterprise Today, January - February 2007.

For more info

Local Enterprise Finance Scheme (LEFS)
SPRING Singapore