SME Start-up Financing Program

Eligibility

• Open to SME Start-ups under the following sectors:

i. Food & Beverage, Restaurant, Shop (exclude Hawker Stall)
ii. Logistics & Transportations
iii. Small Contractors that have contracts with Government Agency, Multi-National Company (MNC),
Public Listed Company (PLC).
iv. Other Services:

• Workshop
• Travel agencies & tour operators; and
• Car Wash Services
• Tuition Centre

v. Any other segments acceptable by the Bank.

• For Private Limited Company, Sole-Proprietorship, Partnership, and Professional Service Providers that fall within SME definition.
• Business in operation for at least 6 months of up to 2 years.
• Registered with the Companies Commission of Malaysia (SSM), or respective authorities / district offices in Sabah and Sarawak.
• Malaysians residing in Malaysia that hold a minimum of 51% shareholding / ownership in the business.

Purpose of Financing

• To finance Working Capital Requirements (WCR) and Capital Expenditure (CAPEX)

Financing Amount

• Min: RM100,000
• Max: RM500,000

Financing Rate

• Attractive financing rates

Financing Tenure

• Business Financing-i: – Up to 7 years

Collateral

• Upfront cash deposit of 20% of the financing amount

Guarantee Coverage

• Up to 70% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)