Business entities that are SMEs per SME Corporation Malaysia guidelines* with at least fifty-one (51%) shareholding held and controlled by Malaysian
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.
Business with good credit track record / history
Helping viable SMEs in all economy sector to gain access to financing from the Bank by providing guarantee coverage as an alternative collateral solution.
Depending on the purpose of financing and the SJPP Guarantee Scheme coverage the limit ranges from RM100,000 up to RM10 Million per SME*
Depending on purpose of financing, credit facility type and the SJPP Guarantee Scheme coverage percentage (%) the financing rate is up to 2.0% per annum above the Bank’s Base Lending Rate (BLR)*
The SJPP Guarantee Scheme coverage ranges between 70% to 80% of the financing limit approved by the Bank and to be renewed on annual basis.
Tenure of guarantee coverage up to the financing tenure or until 2035, whichever is earlier. For annual renewal of SJPP Guarantee, minimum guarantee coverage of twelve (12) months is required.
Working Capital Financing
Capital Expenditure Financing
The SJPP Guarantee Schemes does not provide any guarantee coverage for refinancing of existing credit facilities applications
Fee for the guarantee coverage provided ranges between 0.5% per annum up to 2.0% per annum, against the guarantee coverage amount and minimum fee of RM 500 may be imposed depending on the SJPP Guarantee Scheme.
Payment of guarantee fee is payable upfront on annual basis.
Cancellation fee of up to RM100 may be imposed depending of the SJPP Guarantee Scheme.
*Subject to Bank’s and SJPP credit evaluations of SMEs.
SJPP Working Capital Guarantee Scheme 2 (WCGS) For SMEs that lacks collateral and / or require alternative collateral solutions to increase financing access from the Bank.
SJPP Government Guarantee Scheme PRIHATIN (GGS) For SMEs that are facing negative impact due to COVID-19 outbreak.
SJPP Penjana Tourism Financing Guarantee Scheme (PTF) For SMEs in the core tourism and tourism related sectors impacted by the COVID-19 outbreak that are obtaining financing under the PENJANA Tourism Financing Package.
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