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

For who?

• All local businesses with 30% - 100% local shareholding.

For what?

• automate and upgrade your factory and equipment
• purchase factory (only for JTC Corporation or Housing & Development Board (HDB) properties) 

Types of loans

• Factory Loan
• Machinery Term Loan / Machinery Hire Purchase
• Working Capital Term Loan (Unencumbered Assets)^#
  
  # Unencumbered assets could include both equipment and factories (commercial and JTC/HDB).

Interest rates and re-payment

• It is a fixed interest rate financing programme.

Things to note

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

Changes from 1 February 2010 - 31 January 2011

	Existing	Revised
Interest rates	• Minimum of 5% for loan tenures of 0-4 years • Minimum of 5.5% for loan tenures of more than 4 years	• Minimum of 5.5% for loan tenures of 0-4 years • Minimum of 6% for loan tenures of more than 4 years
Risk sharing of loan default	SMEs Government: 80% PFI: 20% Non-SMEs Government: 80% PFI: 20%	SMEs Government: 70% PFI: 30% Non-SMEs Government: 70% PFI:30%

See:	Changes of LEFS from 1 December 2008 to 31 January 2011 (PDF)

1. Citibank
2. DBS Bank Limited
3. GE Commercial Financing (Singapore) Ltd
4. Hong Leong Finance Limited
5. IFS Capital Limited
6. Indian Bank
7. Maybank
8. ORIX Leasing Singapore Ltd
9. Oversea-Chinese Banking Corporation Limited
10. RHB Bank
11. Sing Investments & Finance Limited
12. Singapura Finance Limited
13. Standard Chartered Bank
14. The Hongkong and Shanghai Banking Corporation Limited
15. United Overseas Bank Limited

For more info

Local Enterprise Finance Scheme (LEFS)
SPRING Singapore