Local Enterprise Finance Scheme

The Local Enterprise Finance Scheme (LEFS) offers loans of up to S$15 million for asset acquisition to all local companies.

Overview
Loans of up to S$15 million for all locally owned companies.

Use of Funds	For automating and upgrading factory and equipment, and/or purchasing factory and business premises (only JTC Corporation or Housing & Development Board properties). Expanded to include financing of more types of construction equipment and heavy vehicles
Maximum Loan Quantum	$15 million
Eligible Companies	All locally owned companies
Interest Rate	Minimum 5.5% interest rate for loan tenure of 4 years and below. Minimum 5.5% interest rate for loan tenure of more than 4 years.
* Interest rate offered is subject to Participating Financial Institutions’ assessments of risks involved.

Criteria
You may apply for the Local Enterprise Finance Scheme if your company is locally owned, with at least 30% local equity

To find out more about LEFS, please call us at 6226 3822 or visit SPRING Singapore’s website at www.spring.gov.sg