Local Enterprise Finance Scheme

HSBC is a participating bank of the Government Assistance Schemes administered by SPRING Singapore.

The Local Entreprise Finance Scheme (LEFS) is a financing programme designed to encourage and assist local enterprises to modernise and upgrade their operations.

• Strengthen, upgrade and expand your business
• Modernize and improve your operations
• Maximum loan quantum of S$15 million

You can make use of LEFS loans to:

• Establish a viable new business
• Modernise and automate your plant and machinery
• Expand your existing manufacturing capacity
• Diversify into other product lines
• Purchase factory or business premises (only JTC or HDB properties)

To be eligible, your company must satisfy the following conditions:

For SME:

• Registered or incorporated in Singapore, with at least 30% local shareholding.
• Group fixed assets are below S$15 million for manufacturing sectors.
• Group has no more than 200 employees for service sectors.

For Non-SME

• Registered or incorporated in Singapore, with at least 30% local shareholding.
• Group fixed assets are above S$15 million for manufacturing sectors.
• Group has more than 200 employees for service sectors.

    Collyer Quay Branch, 21 Collyer Quay #01-01 HSBC Building Singapore 049320 or contact us at: 6216 9000