Eligibility Criteria
- Business entities that are SMEs per SME Corporation Malaysia guidelines* with at least fifty-one (51%) shareholding held and controlled by Malaysian residing in Malaysia
- Business registered with either :
i) Companies Commission of Malaysia either under the Registrar of Business Act (1956) or Companies Registration Act 1965 and/or the Companies Registration Act 2016 or Limited Liability Partnership Act 2012; or
ii) Respective authorities or district offices in Sabah and Sarawak; or
iii) Respective statutory bodies for professional services providers - Business must be in operation at least three (3) years. Key person experiences in the same industry and / or managing other company with similar business activities can be considered
- Key person age must at least be 21 years old at point of application and does not exceed 65 years old upon settlement of financing that is guaranteed by CGC.
- Business with good credit track record / history
Objective
CGC guarantee provides an alternative collateral solution for SMEs that lacks in collateral or unable to provide any collateral, which enables businesses to obtain financing according to the viability of the SME business.
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Financing Limit
Depending on the purpose of financing and the CGC Guarantee Scheme coverage the limit ranges from RM100,000 up to RM10 Million per SME*
*The financing limit offered is subject to CGC internal limit capping.
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Financing Rate
Depending on purpose of financing, credit facility type and the CGC Guarantee Scheme coverage percentage (%) the financing rate is up to 2.0% per annum above the Bank’s Base Lending Rate (BLR)**
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Financing Purpose
- Working Capital Financing
- Capital Expenditure Financing
The SJPP Guarantee Schemes does not provide any guarantee coverage for refinancing of existing credit facilities applications
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Guarantee Fee
i) The CGC Guarantee Scheme; and
ii) Secured Portion (between 2.10% per annum to 3.20% per annum) and Unsecured Portion (between 2.4% per annum to 5.00% per annum) of the financing
iii) Business risk profile
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Guarantee Coverage
The CGC guarantee coverage ranges from between 30% to 90% subject to the following:
- Unsecured Portion - Up to 80% (a maximum cover of RM3 Million)
- Secured Portion - Up to 90% (no capping imposed on secured portion)
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- CGC BizJamin Scheme (previously known as Credit Enhancer Scheme)
For SMEs that lacks collateral and / or require alternative collateral solutions to increase financing access from the Bank. - CGC BizJamin SRF (only applicable for financing under the BNM Special Relief Facility) – Status: Fully Utilized
A guarantee scheme to alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak - CGC Flexi Guarantee Scheme
Provides guarantees for financing granted under the BNM's Fund for SMEs- All Economic Sectors facility.
