Innovative and high-growth SMEs can access venture debt financing of up to $5 million through Enterprise Singapore’s Venture Loans. Your company will need to 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).
Introduced in October 2015, the Venture Debt Programme (VDP) serves as an additional financing option for your company where venture debt providers may combine loans with rights to purchase equity.
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.