FHC Advisory - Government Assisted Schemes

Government Assisted Schemes

Overview
Loans of up to $100,000 for local SMEs with 10 or less employees.

Use of Funds	For daily operations or for automating and upgrading factory and equipment
Maximum Loan Quantum	$100,000
Interest Rate	* Minimum 5.5% interest rate for loan tenure of 4 years and below
Criteria	Employ 10 or less employees
Risk Sharing	Govt 70% : Bank 30%

Overview
Loan of up to $5 million for local enterprises and foreign SMEs

Use of Funds	Working capital including unsecured credit
Maximum Loan Quantum	$2 million
Interest Rate	* Minimum 5.5% interest rate for loan tenure of 2 years and below
Criteria	– Has maximum $15 FAI – Is incorporated in Singapore – Is tax resident of Singapore – Has at least one individual shareholder directly holding at least 10% of total number of issue ordinary shares
Risk Sharing	Govt 50% : Bank 50%

Overview
Summary of LIS+ enhancement

Use of Funds	Secured working capital
Maximum Loan Quantum	Up to $15 million per borrower group
Eligible Companies	All companies
Interest Rate and Insurance Premium	LIS Interest rate: Bank Prime + Bank’s Spreads Insurance Premium: 1.5% on credit line approved Company bourne 45% of insurance premium Government bourne 55% LIS+ LIS+ interest rate: Bank’s Prime + Bank’s Spreads Insurance Premium: 1.5% on credit line approved 66.3% of insurance premium
Criteria	For domestic facilities – at least 30% of your shareholdings is local For export-oriented facilities – Singapore-based – Presence of at least 3 strategic business functions in Singapore. Strategic business functions refer to activities such as banking & financial; marketing & business planning; procurement/logistics; training & personnel management; investment planning/coordination; R&D; technical support and manufacturing.

Overview
Loans of up to $15million for all locally owned companies

Use of Funds	For automating and upgrading factory and equipment, and / or purchasing factory andbusiness premises (only JTC Corporation or Housing & Development Board Properties). Expanded to include financing of more types of construction equipment and heavy vehicles
Maximum Loan Quantum	$15 million
Eligible Companies	All locally owned companies
Interest Rate	* Minimum 5% interest rate for loan tenure of 4 years and below * Minimum 5.5% interest rate for loan tenure of more than 4 years
Criteria	You may apply for Local Enterprise Finance Scheme if your company is locally-owned, with at least 30% local equity

Address: 64C Pagoda Street Singapore 059223
Telephone: +65 6225 9039
Fax: +65 6222 7690