Disclaimer

This link brings you to a third party Website, over which Standard Chartered Bank (Singapore) Limited has no control ("3rd Party Website"). Use of the 3rd Party Website will be entirely at your own risk, and subject to the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security.

Standard Chartered Bank (Singapore) Limited makes no warranties, representations or undertakings about and does not endorse, recommend or approve the contents of the 3rd Party Website.

In addition to the terms stated in Standard Chartered Bank (Singapore) Limited's Important Legal Notices, Standard Chartered Bank (Singapore) Limited shall have no responsibility or liability in connection with the content of or the consequences of accessing the 3rd Party Website, including any virus arising from or system failure associated with the 3rd Party Website.

In the event of any inconsistency between the terms herein / the Bank's Important Legal Notices and the terms on the 3rd Party Website, the terms herein / the Bank's Important Legal Notices will prevail.

By clicking "Proceed", you will be confirming that you have read and agreed to the terms herein and in the Bank's Important Legal Notices.

Proceed
Standard Chartered is an active participant in many of the government's SME financing schemes Get in touch

Standard Chartered is an active participant in many of the government's SME financing schemes

Loan Insurance Scheme (LIS)

A government assisted scheme jointly administered by International Enterprise Singapore and SPRING Singapore, to help Singapore-based companies to obtain trade financing facilities from participating financial institutions.

Features

Eligibility & Documents

Selling to Local Customers (Domestic Trade Facilities)

  • Companies applying for the LIS and LIS+ should meet the following criteria:

    Selling to Local Customers (Domestic Trade Facilities)

    • Registered and operating in Singapore
    • 30% local shareholding
    • Group annual sales ≤ S$100m or group employment size ≤ 200 workers*

    *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)

  • Selling to Overseas Customers (Overseas Trade Facilities)
    • Global headquarters@ anchored in Singapore
    • At least 3 strategic business functions^ in Singapore
    • Annual sales turnover of applicant company and its subsidiaries ≤ S$300m for non-trading companies and ≤ S$500 million for trading companies#

    @ Global headquarters refer to global management control and decision making functions are based in Singapore. Indicators include global CXOs being based in Singapore, board meetings being held in Singapore, etc.

    ^ Strategic business functions refer to activities such as banking and finance, marketing and business planning, procurement, logistics, training & personnel management, investment planning / co-ordination, R&D and design, technical support, manufacturing, and other value-added (VA) activities.

    # An entity is considered a trading entity if more than 50% of its turnover is derived from buying and selling goods.

    • Companies applying for both types of facilities have to meet both set of criteria.

Documents Required

  • Audited financial statements must not be more than 6 months old. If audited financials are more than 6-months old at the time of application, it must be accompanied by recent signed management accounts
  • Latest audited financials / signed management accounts exhibit positive Net Profit Before Tax (NPBT)
  • LIS 5 Sponsors’ Application Form (electronically validated copy)

Disclaimer

All applications are still subject to, and conditional upon the Bank's approval in the Bank's sole discretion.