SME Venture Loans

Innovative and high-growth SMEs can access venture debt financing of up to S$5 million through Enterprise Singapore’s Venture Loans.

 

About

Fast-growing and innovative companies can expand your operations with venture debt financing of up to S$5 million.

Introduced in October 2015, the Venture Debt Programme (VDP) serves as an additional financing option for SMEs where venture debt providers may combine loans with rights to purchase equity.

To facilitate continued access to alternative financing, the VDP will be extended for another three years from 1 April 2018 to 31 March 2021.

Enterprise Singapore shares 50% of the risk of loan defaults with Participating Financial Institutions (PFIs) in the event of company insolvency. Interest rates, repayment structures, collateral and warrant structures will be determined by the PFIs.

Scope

  • Working Capital
  • Asset Financing
  • Project Financing
  • Mergers & Acquisitions

Loan Quantum

  • Up to S$5 million

Warrants


  • Warrants will be required

 

Eligibility

Companies should meet the following criteria:

  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of up to S$100 million or group employment size of up to 200 employees.*

*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)
 

Pre-application

  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 Venture Loans*.


Participating Financial Institutions Contact

DBS Bank Ltd

1800 222 2200

Oversea-Chinese Banking Corporation Ltd

6538 1111

United Overseas Bank Ltd

1800 2266 121

Innoven Capital

6532 2416

*Subject to banks' credit approval

 

Application

  • Approach any of the Participating Financial Institutions with the required supporting documents for submission
  • Processing of applications may take three weeks or more, depending on the size of the loan and other factors
 

Post-application

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