Enterprise Financing Scheme Trade (EFS Trade) - Standard Chartered Singapore

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Standard Chartered is an active participant in many of the government’s SME financing schemes

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Enterprise Financing Scheme Trade (EFS Trade)

A government assisted scheme jointly administered by Enterprise Singapore to help Singapore-based companies to obtain trade financing facilities from participating financial institutions.

Easier for company to get financing

Enterprise Singapore will share the loan default risk in the event of enterprise insolvency. This enables Singapore enterprises to access financing more readily throughout their various stages of growth.
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Simple and Hassle Free

We have simplified the documents you need to produce with your facility application so that you can focus on building your business.

Insolvency Insurance

Enterprise Financing Scheme Trade Loan (EFS-TL) insures the bank against customer’s insolvency.

Premium Subsidy

Up to 90% of the insurance premium is supported by the Government of which remaining will be paid for by borrower.

Government Assistance Scheme

The Scheme is underwritten by Enterprise Singapore.

Eligibility Criteria

Registered and operating in Singapore
30% local shareholding
Borrower Group annual sales turnover of not more than S$500 million*

*Borrower Group refers to:
1. Applicant company (“Applicant”); and
2. Corporate shareholders of Applicant company holding >50% at all levels up (“Applicant’s Ultimate Parent Company”); and
3. Subsidiaries where the Applicant company holds >50% shareholdings and subsequent subsidiaries at all levels down; and
4. Subsidiaries where the Applicant’s Ultimate Parent Company holds >50% shareholdings and subsequent subsidiaries at all levels down.

Documents Required

Audited financial statements must not be more than 6 months old. If audited financials are more than 6-months old at the time of application, it must be accompanied by recent signed management accounts
Latest audited financials / signed management accounts exhibit positive Net Profit Before Tax (NPBT)
EFS Application Form (Please access using Internet Explorer)
For more details, please click here for more information provided by Enterprise Singapore
Effective from 1st April 2021

Companies get to enjoy up to 90% in premium rate subsidies from Government for EFS Trade Financing schemes.

Applicable to all EFS Trade applications dated from 1st April 2021.

All applications are still subject to, and conditional upon the Bank’s approval in the Bank’s sole discretion.

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Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insure

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