SME Government Scheme

Trade Facilities

• Term loans / Trade Facilities / Overdraft
• Loan amount: RM100,000 to RM3,000,000

Financing Cost

• Interest rate: 4% to 6% per annum
• CGC Guarantee Fee: 1% to 3% per annum for guaranteed portion
• 1% commitment fee for non utilization of OD balance
• Monthly rest for term loan

Tenure

• Maximum 5 years

Eligibility Criteria

• Annual sales turnover > RM500,000 but < RM25 Million OR Full-time employees < 150 people
• Shareholders’ Fund < RM2 Million (Paid-up capital + Accumulated profit for all the years)
• Malaysian owned ? 51% shareholding
• Company in operation for at least 2 years but less than 7 years. If more than 7 years, the net profit margin for the last 3 years must be < 3%
• Capital ? RM100,000

Securities

• Collateral: Yes. Ratio range from 1:3 until 1:5
• Directors / Owner personal guarantee / Third party guarantee / Other guarantee

Processing Period

• 3 to 4 months

Documents Required

• M&A, Complete Form 24, Form 44, Form 49, Annual Return Report (Certified true copy for official application)
• Last 3 years audited account
• Latest management account
• Last 12 months banks statements
• Latest Debtors and Creditors Ageing Report
• Photocopied IC of directors
• Company profile, products catalogue, certification and other relevant information (If any)
• A copy of Bank Offer Letter from other banks (If any)

For more information, please contact us