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

For who?

• Singapore-based companies who wish to expand overseas. The Singapore-based company or its overseas subsidiary can apply directly for the loans.
  
  
• Your overseas expansion must:
  
  
  • complement or be related to your Singapore business
  • result in economic spin-offs to Singapore (e.g. jobs or R&D in Singapore)
    
    
• Your company’s group turnover cannot exceed the maximum amounts listed in the table below:
   

  Type of Company		Maximum Group Turnover
  Trading Company*	Non-listed	< S$500 million
  	Listed	< S$200 million
  Non-Trading  Company	Non-listed	< S$200 million
  	Listed	< S$100 million

  
  * Your company will be considered a trading company if more than 50% of your turnover comes from buying and selling goods.

For what?

• buy fixed-assets that will be used overseas
• raise working capital for secured overseas projects
• raise working capital for confirmed overseas sales orders

Types of Loans

• Asset-based financing (Fixed Asset Loan)
• Structured Loan (Working Capital Loan)

Interest rates and re-payment

• Interest rates are tailored to your needs. They may be fixed or floating.
• Re-payment period is also tailored to your needs.