Internationalisation Finance Scheme (IFS)
Internationalisation Finance Scheme (IFS) is a programme designed to assist aspiring Singapore-based companies who wishes to venture abroad and are in need of financing facility. IFS provides indemnification to Participating Financial Institutions (PFIs) who provides the facility.
With IFS, companies have opportunities to access financing facilities provided by PFI in the following categories:
- Asset-based financing to purchase fixed assets for use overseas, or to purchase/construct factories overseas.
- Structured loans to finance the working expenses of secured overseas projects.
- Banker’s guarantee for issuance of guarantee facilities for secured overseas projects which can take the form of advance payment guarantee, performance guarantee or tender bond guarantee.
- Merger and Acquisition financing to finance acquisition of equity stakes in businesses for overseas expansion. The acquisition should be in line with the applicant’s core business.
Interest rates, repayment structures and collateral requirements will be determined by PFIs.
Singapore companies in Marine and Offshore Engineering can access up to S$70 million in credit facilities. For more information, click here
Mid-sized companies who are seeking information and support to undertake projects, can find out more here.
Singapore-based companies with main business functions in Singapore and annual sales revenue (including subsidiaries) of less than S$500 million (for trading companies) or less than S$300 million (for non-trading companies) may apply.
|Participating Financial Institutions (PFIs)
|Bank of China
||6412 8656 / 6412 8342
|CIMB Bank Berhad
||6302 2688 / 6410 3240
|DBS Bank Limited
||1800 222 2200
|Hong Leong Finance Limited
||1800 338 8338
|IFS Capital Limited
|Industrial and Commercial Bank of China Limited
|Malayan Banking Berhad (Maybank)
|Mizuho Bank, Limited
|ORIX Leasing Singapore Limited
Standard Chartered Bank
1800 747 7000
|Oversea-Chinese Banking Corporation Ltd (OCBC Bank)
|Resona Merchant Bank Asia Ltd
||6224 7155 / 6228 6105
|Standard Chartered Bank
|1800 747 7000
|The Hongkong and Shanghai Banking Corporation Limited
||1800 216 9008 / 6216 9000
|United Overseas Bank Limited
For more information on how we can work with you to grow your business, click here.