Enterprise Financing Scheme (EFS) is not a specific product, but rather a scheme which Enterprise Singapore will share the loan default risk with the Participating Financial Institutions (PFI), and in theory the PFIs may offer a lower rate than their in house rate.
For example, SME Working Capital Loan and Temporary Bridging Loan are both actually unsecured term loans just with specific criteria and borrowing limits for different SMEs. So, besides our Financing Partners that are Participating Financial Institutions, you can also enquire from our other Financing Partners that are not Participating Financial Institutions that offer the same loan type. To find out more on Enterprise Financing Scheme, please visit www.enterprisesg.gov.sg
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