var ArrayQn = new Array();
var ArrayAns = new Array();

ArrayQn[0] = 'Can a local company with Permanent Residents (PRs) as shareholders qualify for the LEFS?'
ArrayAns[0] = 'Permanent Residents are treated as good as "locals", hence they qualify for the LEFS if they meet the stipulated criteria on 30% local shareholdings.'


ArrayQn[1] = 'How do you ascertain the Fixed Asset Investment (FAI)?'
ArrayAns[1] = 'FAI is determined based on the net book value of the assets per the last audited Accounts. There is no cap on Group fixed assets for non-SMEs.'

var tempVar = 'Yes, FAI is to be computed on group basis and in this manner : <br>Applicant'
tempVar += "'s FAI + Parent companies FAI (for parent companies with equal or more than 20% shareholding up to 3 levels up) + immediate subsidiaries' "
tempVar += 'FAI (ie > 50% shareholding).'
  
ArrayQn[2] = 'Do you consider the FAI on group basis?'
ArrayAns[2] = tempVar

 
ArrayQn[3] = 'How do you ascertain the employee size for those in the Service Industry?'
ArrayAns[3] = 'Using the CPF statement to determine the employee size is deemed as a most expedient and consistent method of verification.'


tempVar = 'Yes, employee size (like group FAI) is to be computed on group basis and in this manner : <br>Applicant'
tempVar += "'s employees + Parent companies' "
tempVar += 'employees (for parent companies with equal or more than 20% shareholding up to 3 levels up) + immediate subsidiaries'
tempVar += "' employees (ie > 50% shareholding). However, for non-SMEs there is no cap on the number of employees."

ArrayQn[4] = 'Do you consider the employment size on group basis?'
ArrayAns[4] = tempVar


tempVar = 'You need to complete the SPRING Singapore LEFS application form (this can be sent to your company) and submit it together with your company'
tempVar += "'s last 3 years audited financial statements and last 6 months bank statements. If you are applying for working capital line, both aging list of receivables and payables are required."

ArrayQn[5] = 'What are the documents needed to submit my application?'
ArrayAns[5] = tempVar


ArrayQn[6] = 'Is there any other Scheme which provides low cost funding for the purchase of specialised machinery if my company does not qualify for LEFS?'
ArrayAns[6] = 'The Resource Productivity Scheme(RPS) is available to non-SME applicants so long as they are not already enjoying Investment Allowance & Pioneer Status.<p>RPS can be used for the purchase of new highly specialised machinery. The maximum quantum allowed is 70% over 7 years at an attractive fixed rate of 6% p.a. on monthly rest subject to a maximum loan of S$10 million.'


ArrayQn[7] = 'I have purchased a private factory. Can I apply for LEFS?'
ArrayAns[7] = 'No, LEFS can only be used to finance HDB and JTC industrial properties. Also if your company is considered as a SME, it should have a minimum 30% local shareholding with net fixed assets investment not exceeding S$15 million in the case of a manufacturing company or a staff strength not exceeding 200 if you are in the service industry.<p>For Non-SMEs, the latter 2 criteria are not applicable under the Enhanced Measures on Business Financing Scheme announced on 21 Nov 2008.'

var totalItem = 8

var itemID = 'lefs'

var viewID = new Array(itemID,totalItem,'view_LEFS')

generateViewClose();

generateFAQ(itemID,totalItem);

ArrayFAQ[4] = itemID+';'+totalItem;