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:
  
• banking and finance
• marketing and business planning
• procurement / logistics
• training and personnel management
• investment planning / coordination
• research and development (R&D)
• technical support and manufacturing
  
  
• 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.