What is Enterprise Financing Scheme-Green?

Enterprise Singapore has launched EFS-Green to enable better access to green financing for enterprises developing technologies in sectors of Clean Energy, Circular Economy, Green Infrastructure and Clean Transportation. CIMB Singapore is a proud Partner Financial Institution for EFS-Green.

Features & Benefits

Shariah-Compliant
Project Financing
Financing amount up to S$50mill

How to Apply

 

Reach out to us by filling in the form below!

 

Eligibility

 
  1. Be a business entity1 that is registered and physically present in Singapore.
  2. At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
  3. Have Group Annual Sales Turnover of not more than S$500 million, and
  4. Meet the criteria in both Qualifying Green Sectors & Activities and Qualifying Borrower Types for EFS-Green.

 

1ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the financing is subject to CIMB Singapore’s assessment.

Frequently Asked Questions

1. Can EFS-Green support my company’s projects overseas?

Yes, EFS-Green supports both overseas and domestic projects.

 

2. What is the difference between EFS-Green and other EFS products?

EFS-Green is a targeted scheme to support eligible enterprises (i.e. Project Developers, System Integrators, Technology & Solution Enablers) in Green Growth Sectors such as Clean Energy, Circular Economy, Green Infrastructure and Clean Transportation to capture opportunities and enable access to green financing. The financing provided by CIMB Singapore will be structured as a Green Facility. The Enterprise Financing Scheme, on the other hand, provides broad-based support to local enterprises across all sectors and where the utilisation of the facility is only tied to the type of financing facility which the enterprise applied for.

 

3. Can enterprises apply for EFS-Green and other Enterprise Financing Scheme facilities at the same time?

Yes, enterprises can apply for EFS-Green and other facilities under the Enterprise Financing Scheme if they meet the criteria for each scheme, subject to assessment by CIMB Singapore.