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FINANCING OF WORKING CAPITAL
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FINANCING FOR EXPANSION OF PRODUCTIVE CAPACITY
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LENDING RATE RANGES 4% to 6% per annum
Financing can be used for:
- Working capital
- Expansion of productive capacity
- Both – Working capital and expansion of productive capacity
Financing cannot be use for:
- Refinancing of existing credit facilities
- Purchase of shares
- Purchase of land / Real Estate investment
- Properties development
- Investment holding company
- Activities where stock in trade is money (including credit, leasing, factoring and insurance businesses)
- Non-economic or non-healthy activities
- Business enterprise based on the definition of SMEs
- Maximum shareholders' funds not exceeding RM2 Million
- Shareholding by Public Listed Companies and Government Link Companies (if any) should not exceed 20%
- Malaysian residing in Malaysia and owned minimum 51% shareholding incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other authoritative bodies
- Not more than 7 years in operation. Discretion is given to Banks to consider SMEs with more than 7 years in operation provided average net profit is marginal over the last 3 years (i.e. less than 5% net profit margin)
- Companies in all sectors
- Business enterprise based on the definition of SMEs
- Maximum shareholders' funds not exceeding RM2 Million
- Shareholding by Public Listed Companies and Government Link Companies (if any) should not exceed 20%
- Wholly owned Bumiputera institution residing in Malaysia incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, registered with the Companies Commission of Malaysia or any other authoritative bodies
- Not more than 7 years in operation. Discretion is given to Banks to consider SMEs with more than 7 years in operation provided average net profit is marginal over the last 3 years *
- Companies in all sectors
- Financing amount of up to RM5 Million per customer
- Financing rate of 4% to 6% per annum (subject to the loan pricing mechanism set by BNM)
- Maximum tenure of up 5 years from the date of the first drawdown
