SME Contract Financing-i

For SMEs to access financing for the purpose of acquiring and/or completing contracts.

Eligibility

For Private Limited Companies (Sdn. Bhd.), Sole-Proprietorship, and Partnership that fall within SME definition.
Business must have at least two (2) years of performance track record in undertaking supply, business services, construction, and other general services contracts.
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.
Business must have an average turnover of more than RM2.0 million over the past 2 financial years and fulfil the following criteria:

Main Contractors / Nominated Sub-Contractors / Vendors / Suppliers
Registered with the Ministry of Finance, Contractor Service Centre (PKK), or other relevant licensing / certification bodies.

Purpose of Financing

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

*For contract related purposes.

Financing Amount

Sdn. Bhd.:

Sole-Proprietorship / Partnership:

Financing Rate

Financing Tenure

Business Cash Line-i: Up to 1 year (renewal)
Multi Trade Facility: As per respective trade products
Bank Guarantee-i: Up to 12 months or any other period acceptable by the Bank, starting from the date of issuance or contract date.
Foreign Exchange: Up to 6 months or 1 year

Guarantee Coverage

Up to 80% guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

[applicable to Sole-Proprietorship / Partnership only].

Type of Contract

Awarded contracts must be evidenced by Letter of Intent, Letter of Award, Contract Document from Awarder, for any of the following: