Local Enterprise Finance Scheme

As part of our commitment to help SMEs, Maybank is a participating financial institution for the Local Enterprise Finance Scheme (LEFS) administered by SPRING Singapore. Companies that require funds for automation, upgrading or purchase of equipment and/or premises can apply for loans of up to S$15 million.

The types of loans available under LEFS are

  • Factory loan
  • Machinery term loan/Machinery hire purchase

Benefits

  • Access to financing for automation, upgrading, equipment hire purchase and property purchase (only JTC Corporation or Housing & Development Board properties)
  • Loan limit of up to S$15 million

Who can apply

SMEs

  • Registered and operating in Singapore
  • At least 30% of your company’s shareholding is local
  • Company’s Group* annual sales of not more than S$100m OR Company’s Group* employment size of not exceeding 200 workers
*Annual sales turnover and employment size will be computed on a group basis. (i.e. All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

Required documents

  • Last 2 years' audited accounts or certified financial statements
  • Last 3 months' bank statements
  • Copy of NRIC (front and back) of owners/directors/partners/sole proprietor/guarantor(s)
  • Latest personal Income Tax Notice of Assessment of owners/directors/partners/sole proprietor/guarantor(s)

For more information, call our Business Banking hotline 1800-777 0022, or request a call back with our Business Development Managers today.

Next steps

Call us

Business Banking Hotline 1800 777 0022
or
(65) 6777 0022
(Calling from Overseas)

Monday to Friday
(exclude public holidays)
9.00am to 6.00pm

Make an appointment

Request for call back via eAppointment form
or
SMS to 79898 in this format
RSME <NAME> <NRIC>
e.g. RSME Andy Lau 1234567Z

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