SME – PENJANA Tourism Financing (PTF)

Eligibility

• For Private Limited Company, Sole-Proprietorship, and Partnership that fall within SME definition.
• 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.
• Licensed by registered with Ministry of Tourism, Arts & Culture (MOTAC).

The eligible sectors are as follows:

Core tourism:
• Tourism Accommodation Premises (e.g. budget hotels, registered homestays, chalet and resorts)
• Travel Agencies & Tour Operators, Transportation for Tourists (e.g. bus, boat and car rental operators)

Tourism-related sectors:

• Medical Tourism
• MICE (Meetings, Incentives, Conferences, Exhibitions) Ecosystem;
• Money service businesses (Applicable for money changing operators only)
• Capacity building institutions which are primarily set up to provide tourism related courses/training and licensed by or registered with MOTAC (e.g. Institut Latihan Pelancongan)
• Tourism-related retail, recreation and wellness that can justify significant reliance on tourists.




Note: Special Relief Facility (SRF) and/or PENJANA SME Financing (PSF) recipients are eligible for the PTF)

Purpose of Financing

• Working Capital Requirements (WCR)
• Capital Expenditure (CAPEX)
• Refinancing of up to 50% of total financing approved

Note:

• *50% of approved financing may be used to refinance existing business financing from financial institutions or other sources, including credit and leasing companies (excluding existing financing under BNM’s Fund for SMEs).
• Legal documentation costs and agency fees to be included in the financing. Customers also have the option to cover legal documentation costs independently.
• Financing shall not be used for:
• Purchase of shares
• Purchase of land or real estate investments
• Property development
• Investments by Investment holding companies
• Activities where the stock in trade is money (e.g. credit, leasing, factoring, insurance)
• Gambling, alcohol, tobacco, or similar products/activities
• Non-compliant activities under Shariah

Financing Amount

• SME: Up to RM500,000 per SME
• Microenterprise: Up to RM75,000 per micro enterprise

Note:

• A collective financing limit is applicable for SMEs with common shareholder(s) of equal to or more than 20% shareholding.
• Subject to the aggregate group limit not exceeding RM10.0 million for all SJPP guarantee schemes, including this financing. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees) and guarantors related.

Financing Rate

Up to 3.50% p.a., inclusive of 0.5% p.a. guarantee fee by SJPP

Financing Tenure

• Up to 7 years, with at least 6 months moratorium on monthly instalments for both principal and profit payments
• Following the 6-month payment deferment, SMEs also have the option to make profit-only payments for an additional 12 months.

Guarantee Coverage

• SME: 80% of the financing amount is guaranteed by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
• Microenterprise: Optional 90% guarantee cover by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)