Mobile ESS unit project financing options in Singapore 2025

How will the Enterprise Financing Scheme (EFS – trade loan) change Singapore?

For example, there will be two enhancements to the Enterprise Financing Scheme (EFS), which enables Singapore businesses to access financing more readily across all stages of growth. First, the maximum loan quantum under the EFS – Trade Loan will be permanently increased from S$5 million to S$10 million.

What is EFS & how does it work in Singapore?

Encourages Long-term Capability Building: By offering financing for activities like automation (via fixed asset loans), international expansion (project loans), and acquisition of other firms (M&A loans), EFS is aligned with Singapore’s broader push for companies to transform and upgrade. It nudges companies to invest in productivity and growth.

What is enterprise Financing Scheme (EFS)?

The Enterprise Financing Scheme (EFS) is a government-backed financing program in Singapore that streamlines multiple SME loan schemes into one umbrella. Launched in October 2019 by Enterprise Singapore (ESG) (a government agency under the MTI), it consolidated eight previous schemes (from former SPRING and IE Singapore) into a single platform.

What is the new Singapore equity fund?

The new Fund seeks to plug the gap in financing for promising Singapore companies which may at times have difficulties accessing traditional bank loans. This presents an additional financing option for promising Singapore companies, characterised by its less-intrusive nature, and cost-effectiveness vis-a-vis equity financing.

Who manages EFS-Green & Enterprise Financing Scheme (EFS-Green) in Singapore?

The Monetary Authority of Singapore (MAS) also supports related initiatives (for example, MAS launched a Green and Sustainability-Linked Loan Grant Scheme complementary to EFS-Green), but the EFS itself is chiefly managed by Enterprise Singapore. Enterprise Financing Scheme Program

What are the expected outcomes of enterprise support projects in 2021?

The government often tracks expected outcomes of supported projects: in 2021, ESG said that the enterprise support efforts (grants and loans combined) undertaken that year were expected to generate S$17.9 billion in value-add and create 23,300 skilled jobs in the future.