Internationalisation Finance Scheme (IFS) is a programme designed to assist aspiring Singapore-based companies who wishes to venture abroad and are in need of financing facility. IFS provides indemnification to Participating Financial Institutions (PFIs) who provides the facility.
With IFS, companies have opportunities to access financing facilities provided by PFI in the following categories:
- Asset-based financing to purchase fixed assets for use overseas, or to purchase/construct factories overseas.
- Structured loans to finance the working expenses of secured overseas projects.
- Banker’s guarantee for issuance of guarantee facilities for secured overseas projects which can take the form of advance payment guarantee, performance guarantee or tender bond guarantee.
- Merger and Acquisition financing to finance acquisition of equity stakes in businesses for overseas expansion. The acquisition should be in line with the applicant’s core business.