Enterprise Financing Scheme (EFS)

Under the Enterprise Financing Scheme by Enterprise Singapore, Validus offers government-assisted SME loans so that your business can access funds to drive recovery or growth. If your business is an ACRA-registered private limited company that has been in operations for at least 2 years, we welcome you to get in touch.

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SME Financing Solutions (Government-Assisted Scheme)

po-financing
Trade Loan: PO Financing
$
Suits SMEs with large orders or contracts to kickstart projects
Loan Amount: Up to $250,000 (max. 60% of PO value)
Loan Tenure: 1 to 5 months
Fees: Disbursal fee + interest only
po-financing
Trade Loan: Invoice Financing
$
For SMEs issuing Invoices with credit terms of 30 - 150 days
Loan Amount: Up to $1,000,000 (max. 90% of invoice)
Loan Tenure: 1 - 5 months
Fees: Disbursal fee + interest only
invoice-financing
SME Working Capital Loan
$
Unsecured business loans for SMEs
Loan Amount: Up to $100,000
Loan Tenure: up to 12 months
Only 2 documents required*
Fees: Disbursal fee + interest only

*KYC docs need to be completed separately for onboarding

Gain a competitive edge with better financing

alternative-financing
Address cash flow challenges for operations
fulfil-orders
Fulfil orders and meet increased demand
supplement-govt-relief
Supplement government relief measures
adapt-and-retool
For new business ideas or to adapt services or products
Learn how we can help

Frequently Asked Questions about EFS

What is the eligibility criteria?

Eligibility criteria^

– Be incorporated and operating in Singapore, with 100% local shareholding

– Business entity set up of at least 2 years

– Group annual revenue below S$500 million

 

^Eligibility criteria is specific to Validus’ EFS only, and is not representative of Enterprise Singapore’s criteria. Information is accurate as of 1 Mar 2021, and is subject to change without notice. It is intended as a guide only, and does not constitute an offer of finance.

What documents are needed to apply?

To finance invoices issued to ST Engineering, SMRT, KSL, Guthrie Engineering, KSH Holdings, Country Foods or YTL:

  • For pre-approved limit of up to $500k, no documents are required
  • For a limit of up to $1 million, minimal documents required:- Bank Statements (past 6 months)- Credit Bureau Statement (past 1 month) of Personal Guarantor(s)

To finance invoices issued to any other companies or purchase order financing:

SMEs will simply need to send in a few documents to apply^

  • Bank Statements (past 6 months)
  • Financial Statement/ Management Account (past 1 year)
  • Credit Bureau Statement (past 1 month) of Personal Guarantor(s)
  • Notice of Assessment (past 1 year) of Personal Guarantor(s)

^Required application documents may vary on application based on the financing request

To apply for a working capital loan, you will only be required to submit 2 documents* for credit assessment:

  • Bank Statements (past 6 months)
  • Latest Credit Bureau Statement

*KYC documents for onboarding to be submitted after approval

How much can I borrow?

You could obtain up to SGD 1 million under the Enterprise Financing Scheme with Validus. The loan amount, interest rates and disbursement fee for any finance or loan request may vary and is subject to assessment by Validus Capital.

How long does the application process take?

The application process for an SME loan typically takes less than 15 mins. Once your application has been approved and the documents verified (typically within 24-48 hours), funds will then be disbursed to your nominated account. Simply get in touch with us to get started.

Please refer to our FAQs page if you have more questions.

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