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SME Equipment and Factory Loans

SMEs can obtain equipment and factory loans for business equipment or selected factory properties under the Local Enterprise Finance Scheme (LEFS).


SME Equipment and Factory Loans at a Glance

Local SMEs can apply for equipment and factory loans of up to S$15 million.

  • Automating and upgrading factory and equipment
  • Purchasing JTC Corporation or Housing & Development Board factory and business premises
Loan Quantum
  • Up to S$15 million
Repayment Period
  • Up to 8 years for Equipment Loans
  • Up to 10 years for Factory Loans
Interest Rate
  • Subject to Participating Financial Institutions’ assessments of risks involved.

To help SMEs access equipment and factory loans, SPRING shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.



Companies applying for equipment or factory loans should meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of ≤ S$100m or group employment size ≤ 200^

^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) 

Interested companies may approach any of the following Participating Financial Institutions to apply for SME Equipment and Factory Loans*.

Participating Financial Institutions Contact
DBS Bank Ltd 1800 222 2200
Ethoz Capital Ltd 6654 7799
Hong Leong Finance Ltd 1800 3388 338
IFS Capital Ltd 6270 7711
Malayan Banking Berhad 1800 777 0022
ORIX Leasing Singapore Ltd 6339 3622
Oversea-Chinese Banking Corporation Ltd 6538 1111
RHB Bank Berhad 1800 323 0100
Sing Investments & Finance Ltd 6305 0300
Singapura Finance Ltd 6880 0688
United Overseas Bank Ltd 1800 2266 121
* Subject to banks' credit approval


  1.     Check that your business qualifies for the loan.
  2.     Consult any of the Participating Financial Institutions for advice and assistance.
  3.     Meet with the financial institution with these supporting documents:
  • Business profile from ACRA
  • Audited accounts or certified financial statements
  • Bank statements
  • Personal income tax assessment of owners and directors
  • Other documents as required by your banker or financial institution





  • Upon successful application, receive funds from the financial institution.
  • Repayments typically start 1 month after disbursement of the loan.
  • Make repayments on time

Last Updated on : 27 Oct 2017