I have heard that the Enterprise Fund can help fund my export-oriented projects. How does it work? Do I have to submit any documents when applying for its loans?
Launched by IE Singapore in 2006, the Enterprise Fund provides customised funding solutions to internationalising companies across all industries, so as to enable firms to grow at a faster pace.
It assumes risk with you and your business, while minimising equity dilution as in the case if new shares are issued to investors.
Your company should be an established business that is privately owned and based in Singapore. You should have a good management team, good cash- flow track records and a minimum annual revenue of $1 million. No minimum paid-up capital is required.
Listed companies, start-ups and companies in the research and development stage are not eligible for the Enterprise Fund.
Investment amounts of between $1 million and $3 million are usually structured as convertible loans or debts with equity options and pre-defined repayment tenures.
The investment will involve financial participation in your company.
The fund is managed independently by Crest Capital Partners and the following information is required for applications to the fund.
A brief description of your business;
A brief write-up of your company background and management team;
Audited financial statements for the last three years;
The latest management accounts; and
Business or project financial forecasts (including a cash-flow forecast).
