Local Enterprise Finance Scheme (LEFS)

Types of loans:

• Factory Loan
• Machinery Term Loan/ Machinery Hire Purchase
• Working Capital Loan
• Factoring Loan

Qualifying companies:

• At least 30% of shareholding is local
• The company’s group fixed assets are worth less than $15 million
• Have not more than 200 employees (for non-manufacturing companies)*

* Computed on a group basis i.e. checking up to three levels for corporate shareholders holding 20% or more of the total shareholding in the company and one level down where the company holds more than 50% of the shareholding in a subsidiary company.

Fund can be used for:

• Daily operations
• Automating and upgrading factory and equipment
• Purchasing factory and business premises (only JTC Corporation and HDB properties)