SME Biz G.R.O.W Financing Program

Pursuing your business goals is just a step away with SME BIZ GROW. We aim to help you achieve your business goals by offering attractive financing features that will help to maximise your business. SME Biz GROW Financing (Tawarruq) Programme is a financing program specially designed for Small and Medium Enterprise (SMEs) to cater for their working capital and/or capital expenses.

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Eligibility

  • For Private Limited Company and Professional Service Providers that fall within SME definition.
  • Business in operation for at least three (3) years and profitable for the past two (2) years.
  • Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.
  • Registered with Companies Commission of Malaysia (SSM), or authorities/district offices in Sabah and Sarawak, statutory bodies for professional service providers.

Purpose of Financing

To finance Working Capital Requirement (WCR) and Capital Expenditure (CAPEX).

Note:

  • Inclusive of legal documentation costs, first year SJPP guarantee fee, and other relevant costs.
  • Financing cannot be used to refinance existing financing granted by the Bank or any other Banks. The Bank reserves the right to terminate the facility in the event the Bank discovers that the facility is used for other purposes.

Financing Amount

Sdn Bhd:
  • Minimum: RM100,000
  • Maximum: RM2.5 million
Professional Services Providers:
  • Minimum: RM100,000
  • Maximum: RM1.0 million
Note: *This financing is NOT applicable to Professional Service Providers that are registered as Sole-Proprietorship / Partnership.

Financing Rate

Minimum BFR+1.75% p.a., inclusive of 1.00% p.a. guarantee fee by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Financing Tenure

Up to 7 years

Guarantee Fee

Up to 90% guarantee coverage under Government Guarantee Scheme managed by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Product Disclosure Sheet

Click here to view Product Disclosure Sheet (Eng Version)

Click here to view Product Disclosure Sheet (BM Version)

For enquiries email to: sme-assist@bankislam.com.my

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