Enterprise Financing Scheme–Project Loan 2026 Enhancement

The Enterprise Financing Scheme–Project Loan (EFS-PL) helps Singapore enterprises finance the fulfilment of secured overseas projects. From 1 September 2026 to 31 March 2027, EnterpriseSG says the facility may also finance the fulfilment of secured domestic construction projects, and the Government risk share is 70% for the enhancement period (EnterpriseSG, page rechecked 11 September 2026).

Scope and financing boundary

The facility can support working-capital loans, factory/building/land financing, equipment and other fixed-asset financing, machinery hire purchase, and guarantees, subject to the facility's rules and lender assessment. EnterpriseSG states a maximum of S$50 million per borrower group across all EFS facilities and a maximum repayment period of 15 years. The 70% figure describes the Government's risk share with the participating financial institution; the borrower remains responsible for repaying 100% of the loan amount to its lender (EnterpriseSG, page rechecked 11 September 2026).

Eligibility and interpretation

EnterpriseSG's published requirements include at least 30% local equity held directly or indirectly by Singapore citizens or Singapore permanent residents, determined by ultimate individual ownership; Singapore registration and operation; and group annual sales turnover not exceeding S$500 million. The project must be secured by an underlying contract, sales order or other qualifying project obligation, rather than being solely general working capital or operating expenditure. For the temporary domestic-construction route, the company must also be registered under BCA's Contractors Registration System or Builders Licensing System (EnterpriseSG, page rechecked 11 September 2026).

Risk share, lender assessment and application route

The 70% risk share is a relationship between EnterpriseSG and a participating financial institution. It is not a cash grant and not guaranteed approval. If a borrower defaults, the financial institution must first follow its standard commercial recovery process, including realising security, before claiming EnterpriseSG's proportion of any unrecovered amount. It does not reduce the borrower's contractual debt to 30%, remove interest or change the fact that the borrower repays 100% of the loan amount. Interest rates remain subject to the participating lender's risk assessment and lender credit approval (EnterpriseSG, page rechecked 11 September 2026).

An eligible enterprise approaches a participating financial institution—EnterpriseSG lists DBS, HSBC, IFS Capital, Maybank, OCBC, RHB and UOB—or applies through the Enterprise Singapore Incentive Management System (ESIMS). The lender decides whether to approve the loan, while the EnterpriseSG terms define the risk-sharing framework and eligibility route. The list of participating institutions and current application instructions should be checked on the live EnterpriseSG page because a scheme page can change without changing the meaning of an already-issued loan contract (EnterpriseSG, page rechecked 11 September 2026).