Business Banking
SMEs
Loans
Enterprise Financing Scheme-Green

Enterprise Financing Scheme-Green

Capture new opportunities in the green economy

Why you will love this

Scale up your investment in the green economy

Build new capabilities, tap new markets and differentiate your products and services

Embark on your green journey with tailored support

Apply online

Partnering Enterprise Singapore to enable better access to green financing for SMEs.

Financing options

Under the Enterprise Financing Scheme (EFS)-Green, we will extend financing for the following loan types:

Loan type
Development Capital
Fixed Assets Loan
Trade Loan
Project Loan
Venture Debt Loan

Supported areas
Expenses related to green initiatives New product development Technology development expenses Consultation and certification fees
Purchase of equipment and machinery related to green initiatives Construction of factories or purchase of land related to green initiatives
Trade financing for green and sustainable products, inventory and raw materials
Finances the fulfilment of overseas and domestic green projects
Finances the growth of innovative enterprises with green initiatives using Venture Debt and Warrants

Maximum loan quantum / borrower*
S$3 million
S$30 million
S$10 million
S$50 million
S$8 million

Maximum repayment period
Up to 5 years
Up to 15 years
Up to 1 year
Up to 20 years
Up to 5 years

*Total overall borrower group limit exposure is S$50 million for EFS-Green and EFS.

Before you apply

Eligibility

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

Note: Enterprises which are adopters of green solutions or technologies will not be supported under this programme. These enterprises can still tap existing EFS facilities.

¹ACRA-registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the scheme. Approval of the loan is subject to OCBC Bank assessment.

You may be directed to third-party websites. OCBC Bank shall not be liable for any loss suffered or incurred by any party for accessing such third-party websites or in relation to any product and/or service provided by any provider under such third-party websites.

FAQs

Common questions

What is the objective of EFS-Green?

ESG has launched the EFS-Green to enable better access to green financing for enterprises that are Project Developers, System Integrators and Technology & Solution Enablers which develop enabling technologies and solutions to reduce waste, resource use or greenhouse gas emissions, especially in sectors of Clean Energy, Circular Economy, Green Infrastructure and Clean Transportation. This is part of the Enterprise Sustainability Programme (launched on 1 October 2021).

The efforts are aligned to the Singapore Green Plan 2030, which identifies a focus on helping local enterprises develop capabilities, build track record and capture growth opportunities within the green economy to develop a strong pool of enterprises within these sectors, with the aim to generate economic value-add, environmental impact and good jobs for Singaporeans. ESG will provide 70% risk-share to catalyse the lending from partner financial institutions like OCBC Bank.

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 loan provided by the partner FIs, like OCBC Bank will be structured as a Green Loan. The Enterprise Financing Scheme, on the other hand, provides broad-based support to local enterprises across all sectors and where the utilisation of the loan is only tied to the type of loan facility which the enterprise applied for.