SME Contract Financing-i
For SMEs to access financing for the purpose of acquiring and/or completing contracts.
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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.:
- Min: RM1 million
- Max: RM15 million
Sole-Proprietorship / Partnership:
- Min: RM500,000
- Max: RM2.5 million
Financing Rate
- Attractive financing rates
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:
- Direct Supply
- Direct Supply with value added
- Supply, Installation & Commissioning, Testing, Commissioning, Training, etc.
- Business Services
- Construction
- Infrastructure
- Or any other contracts deemed acceptable by the Bank
Frequently Asked Questions (FAQ) / Product Disclosure Sheet / E-poster
Click here for Product Disclosure Sheet – ENG Version
Click here for Product Disclosure Sheet – BM Version
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