The Enterprise Financing Scheme - Foreign-based Financial Institutions currently offers international trade and commodity financing of up to $8 million for a period of up to a year.
Credit Europe Bank (CEB), a niche lender headquartered in Amsterdam, is the first to participate in the scheme.
Over the longer term, financing options will be gradually extended to include loans for working capital, fixed assets, projects, as well as mergers and acquisitions, which will have different quantum and tenor.
This story is from the October 12, 2024 edition of The Straits Times.
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This story is from the October 12, 2024 edition of The Straits Times.
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