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Government Assistance - LOANs


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Loan Insurance Scheme (LIS)

Secure loans by getting them insured against default. The Government will subsidise 50% of the insurance premium.

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

For who?

  • If you are seeking domestic facilities, 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.

  • If you are seeking export-oriented facilities, your business qualifies as long as:

    • you are based in Singapore
    • you have a presence of at least 3 Headquarters (HQ) functions in Singapore#
    • your turnover on a group basis does not exceed:

      • S$200M for non-listed companies or S$500M for non-listed trading companies
      • S$100M for listed companies or S$200M for listed trading companies

    #HQ functions refer to activities such as:
  • Businesses applying for both domestic and export facilities must meet both set of criteria.

For what?

  • You can use the loan to:

    • set up an inventory storage and distribution hub
    • diversify into other product lines and capabilities
    • increase working capital
    • expand into new markets
    • broaden distribution channels
    • support and fund majority-owned overseas subsidiaries

Types of loans

  • LIS supports both domestic and export-oriented loan facilities.