EnterpriseSG & SG grants
Enterprise Development Grant (EDG)
Administered by EnterpriseSG
Purpose: Co-funding for SG SME projects in three pillars: Core Capabilities (business strategy, financial management, human capital, service excellence), Innovation & Productivity, and Market Access.
Funding level: Up to 50% of qualifying project costs for SMEs (subject to EnterpriseSG approval). Higher support levels available under specific schemes.
Eligibility: Singapore-registered business, at least 30% local shareholding, in financial viability to start and complete the project.
Productivity Solutions Grant (PSG)
Administered by EnterpriseSG (with sector lead agencies)
Purpose: Co-funding for adoption of pre-approved IT solutions and equipment — accounting, HR, inventory, sales, customer management, e-commerce, food services solutions.
Funding level: Up to 50% support for SMEs (specific support levels published by EnterpriseSG and the lead agency for each sector).
Eligibility: Singapore-registered business, at least 30% local shareholding, purchase/lease/subscription of the pre-approved IT solution or equipment is essential to business operations.
Market Readiness Assistance (MRA) Grant
Administered by EnterpriseSG
Purpose: Co-funding to take SG businesses overseas — overseas market promotion, business development, market set-up (legal/tax/IP). Up to S$100,000 per new market over a defined support period (verify current cap).
Funding level: Up to 50% support on qualifying activities, capped per company per new market.
Eligibility: Singapore-registered business, at least 30% local shareholding, annual sales turnover not exceeding S$100M (or fewer than 200 employees), new market entry only.
SkillsFuture Enterprise Credit (SFEC)
Administered by EnterpriseSG + SkillsFuture Singapore
Purpose: S$10,000 one-off credit per qualifying SG employer to offset out-of-pocket costs of enterprise-transformation initiatives, including workforce-transformation training.
Funding level: S$10,000 one-off, used to defray costs of pre-approved transformation + training initiatives.
Eligibility: Verify current qualifying CPF contribution thresholds and active-business status on the EnterpriseSG SFEC page.
Startup SG schemes
Administered by EnterpriseSG
Purpose: Umbrella of seven schemes for startup founders: Tech, Founder, Equity, Investor, Accelerator, Talent, Network. Different schemes target different startup stages and needs.
Funding level: Varies by scheme. Startup SG Tech and Startup SG Equity are the larger capital-deployment routes; Founder is a mentorship + grant route.
Eligibility: Specific to each scheme. Verify against the relevant Startup SG sub-scheme page.
Energy Efficiency Grant (EEG)
Administered by EnterpriseSG (with NEA + EMA)
Purpose: Co-funding for energy-efficient equipment installation across F&B, retail, manufacturing, marine, construction sectors. Direct cost-reduction route.
Funding level: Support level varies by sector and equipment category. Verify on EnterpriseSG EEG page.
Eligibility: Sector-specific. Verify on EnterpriseSG EEG page.
SG financing schemes (loans, not grants)
These are repayable financing schemes administered by EnterpriseSG with participating banks — distinct from grants, which are not repaid. They are the primary EnterpriseSG route into SG SME working-capital, fixed-asset and trade financing.
Enterprise Financing Scheme (EFS)
Administered by EnterpriseSG (with participating banks)
Purpose: Umbrella scheme covering SME Working Capital Loan, SME Fixed Assets Loan, Trade Loan, Project Loan, Venture Debt, Green Loan. EnterpriseSG shares default risk with the participating financial institution.
Funding level: Caps, risk-share and tenor vary by facility under EFS. Verify current EFS parameters on EnterpriseSG.
Eligibility: Singapore-registered business with at least 30% local shareholding (the canonical EFS SG-SME definition).
Temporary Bridging Loan Programme (TBLP)
Administered by EnterpriseSG
Purpose: Working-capital bridging finance with interest-rate cap. Programme periodically extended — verify whether it is currently active before relying on it.
Funding level: Cap and rate set per programme cycle. Authoritative source is the EnterpriseSG TBLP page.
Eligibility: SG-registered SMEs, with local-shareholding criteria similar to EFS.
How grants vs loans differ in Singapore SME financing
Grants are non-repayable government co-funding for specific capability-building, productivity or market-development projects. Eligibility is determined by EnterpriseSG (or a sector lead agency) and approval is conditional on the project meeting scheme criteria.
Financing schemes (EFS, TBLP) are loans — you repay the principal with interest. EnterpriseSG sits behind the participating financial institution as a risk-share partner, which allows the bank to lend further into the SME tier than it might on its own balance sheet.
Most SG SMEs use both layers: grants for transformation/training/equipment, financing schemes for working capital + asset purchases. The two are not mutually exclusive.
How to apply
- Identify the grant or scheme that maps to your project — use the scheme page on EnterpriseSG.
- Check eligibility against your business’s registration status, shareholding, financials and trading history.
- Submit application through the relevant EnterpriseSG portal or via a participating financial institution (for EFS / TBLP).
- Approval cycles vary: EDG/PSG typically run 6–12 weeks; EFS bank applications run 2–6 weeks depending on the participating bank.
businessloans.sg disclaimer
We are an independent comparator. We do not administer any of the schemes listed on this page; we do not collect grant applications; we are not a MAS-licensed financial adviser. The authoritative source for every grant and scheme is the linked EnterpriseSG (or Startup SG) page. Re-verify before relying on any figure or eligibility criterion.