Working Capital Guarantee Scheme – Start Up (WCGS – Start Up)

To assist SME start-ups in all sectors to gain access to financing for working capital and capital expenditure (CAPEX)

Guarantee Fee

0.75% per annum payable upfront

Financing Limit

    For SMEs under Partnership and Sole Proprietorship:
  • Minimum: RM50,000 only
  • Maximum: RM500,000 only

Tenure of Financing

For a period of 16 years or until 31st December 2035, whichever is earlier

Type of Facility

Term Financing, Business Cash Line-i, Multi Trade Facilities and Commercial Card

Purpose of Financing

  • Working Capital
  • Capital Expenditure

  • This guarantee scheme cannot be used to refinance existing facility granted by the same or other participating financial institutions

Guarantee Coverage

70% guarantee coverage by the Government of Malaysia through Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Availability/ Application Period

  • From 1st June 2017 and upon full utilisation of the Scheme limit of up to RM200 million only or upon expiry of guarantee tenure on 31st December 2035, whichever is earlier

Source from Syarikat Jaminan Pembiayaan Perniagaan