EFS Fixed Assets Loan — Up to $30M for machinery, equipment, and vehicles.

The EFS Fixed Assets loan covers productive assets used in business operations: machinery and industrial equipment, commercial vehicles (lorries, vans, trucks — not passenger cars for personal use), technology equipment and IT infrastructure, medical equipment for healthcare businesses, marine vessels for maritime companies, and agricultural machinery. Office furniture, renovation works, and land do not qualify as fixed assets under this product. If you are unsure whether your specific asset qualifies, we verify against the Enterprise Singapore guidelines before any application.

Most working capital and term loans max out at 5–7 years. For heavy machinery, industrial equipment, or commercial property improvements that have a 15–20 year useful life, forcing repayment into 5 years creates unnecessarily high monthly payments that strain cash flow. The 15-year tenure under EFS Fixed Assets means monthly repayment can be as low as one-third of what a standard 5-year term loan would cost — releasing cash for operations. This is why the EFS Fixed Assets product is the preferred route for capital-intensive businesses.

Yes — used or refurbished equipment qualifies, subject to valuation. The lender will typically require an independent valuation of the asset to confirm its market value before approving the loan amount. For used equipment, most lenders will finance up to 70–80% of the assessed value rather than the purchase price. If you are buying from an overseas seller, the importation invoice and customs documentation will also be required.

Positively. When the asset itself secures the loan, the lender's risk is partly covered by the ability to repossess and sell the asset if you default. This means lenders are more willing to approve borderline applications for EFS Fixed Assets than for unsecured working capital. It also means you preserve your unsecured borrowing capacity — a business that has secured its machinery financing against the machinery can still access working capital through a separate unsecured facility. We structure financing to maximise your total available credit, not just the immediate loan.

Enterprise Singapore requires a minimum of 6 months of operation for EFS products, including Fixed Assets. In practice, most Participating Financial Institutions prefer 12+ months for fixed asset loans because the amounts are typically larger and the tenures longer. For a 6–12 month old business seeking equipment financing, we assess each Participating Financial Institution's internal criteria before recommending where to apply — some PFIs are more flexible than others for asset-backed applications.