SME Equipment and Factory Loan

Apply for loans of up to S$15 million to purchase equipment, machinery or selected factory properties through the SME Equipment and Factory Loan.



Small and medium enterprises (SMEs) can apply loans of up to S$15 million through the Local Enterprise Finance Scheme (LEFS) to purchase equipment, machines or selected factory properties.

Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.


  • Automating and upgrading factory and equipment
  • Purchasing JTC Corporation or Housing & Development Board factory and business premises

Loan Quantum

  • Up to S$15 million

Repayment Period

  • Up to 8 years for Equipment Loans
  • Up to 10 years for Factory Loans

Interest Rate

  • Subject to Participating Financial Institutions’ assessments of risks involved



SMEs should meet the following criteria:

  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of up to S$100m or group employment size of not more than 200*

*Annual sales turnover and employment size will be computed on a group basis (i.e. All levels for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)


  1. Ensure your business qualifies for the loan
  2. Consult any of the Participating Financial Institutions for advice and assistance
  3. Meet the financial institution with these supporting documents:
  • Business profile from ACRA
  • Audited accounts or certified financial statements
  • Bank statements
  • Personal income tax assessment of owners and directors
  • Other documents as required by your banker or financial institution

Interested companies may approach any of the following Participating Financial Institutions to apply for the SME Equipment and Factory Loan*.

Participating Financial Institutions Contact

DBS Bank Ltd

1800 222 2200

Ethoz Capital Ltd

6654 7799

Hong Leong Finance Ltd

1800 3388 338

IFS Capital Ltd

6270 7711

Malayan Banking Berhad

1800 777 0022

ORIX Leasing Singapore Ltd

6339 3622

Oversea-Chinese Banking Corporation Ltd

6538 1111

RHB Bank Berhad

1800 323 0100

Sing Investments & Finance Ltd

6305 0300

Singapura Finance Ltd

6880 0688

United Overseas Bank Ltd

1800 2266 121

*Subject to banks' credit approval



  • Application Form
    • Application Form
      • Download and save the Local Enterprise Finance Scheme application form here.
      • Open the application form in Adobe Reader (free download).
      • For details and instructions on how to compile all required supporting documents for submission, refer to the application form guide here.
    • Processing of applications may take three weeks or more, depending on the size of the loan and other factors.


    • Upon successful application, you will receive funds from the financial institution.
    • Repayments typically starts one month after disbursement of the loan.
    • Make repayments on time.