SME Bizvantage Financing Program
Created to help Sole Proprietorship and Partnerships seeking financial support for their Working Capital Requirement (WCR) or Capital Expenditure (CAPEX).
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Eligibility
- Open to all sectors except for construction and contract-based businesses.
- For Sole-Proprietorship and Partnership that fall within SME definition.
- Business in operation for at least five (5) years and profitable for the past three (3) consecutive years.
Option A: Annual turnover between RM300,000 to RM2.99 million.
Option B: Minimum annual turnover of RM3.00 million. - Malaysians residing in Malaysia that hold a minimum of 51% shareholding in the business.
- Registered with the Companies Commission of Malaysia (SSM), or respective authorities / district offices in Sabah and Sarawak.
Purpose of Financing
- To finance Working Capital Requirements (WCR) and capital expenditure (CAPEX)
Financing Amount
Option A:
- Min: RM100,000
- Max: RM250,000 (New-to-Bank) / RM500,000 (Existing-to-Bank)
Option B:
- Min: RM100,000
- Max: RM500,000 (New-to-Bank) / RM1,000,000 (Existing-to-Bank)
Note: *Excludes Professional Services Providers.
Financing Rate
Attractive financing rate
Financing Tenure
- Business Financing-i – Up to five (5) years
- Business Cash Line-i – One (1) year, subject to annual review
- Bank Guarantee-i (BG-i) – Up to twelve (12) months or as per contract duration or any period deemed acceptable to the Bank.
Guarantee Coverage
Guaranteed by Corporate Guarantee Corporation (CGC).
Product Disclosure Sheet (PDS)
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