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

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Loan Insurance Scheme
Loan Insurance Scheme

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$100 million 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.