Government Guarantee Schemes

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  • Government Guarantee Schemes >
  • Government Guarantee Schemes
Syarikat Jaminan Pembiayaan Perniagaan

Providing guarantee coverage as an alternative collateral solution

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Eligibility Criteria

  • Eligibility Criteria
  • General Features
  • SJPP PGGS
  • Other SJPP Schemes Available

SME¹ Companies in ALL sectors or industries

Manufacturing

Companies with sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers.

 

Services and other sectors

Companies with sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.

 

Excludes:

  • Entities that are public-listed on the main board; and
  • Subsidiaries of:
    • Public-listed companies on the main board;
    • Multinational corporations (MNCs);
    • Government-linked companies (GLCs);
    • Syarikat Menteri Kewangan Diperbadankan (MKDs); and
    • State-owned enterprises.

 

1 Meets the SME definition as issued by SME Corporation Malaysia. For more details on SME definition, please visit www.smecorp.gov.my

 

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Incorporated / Registered

  • 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
  • Respective authorities or district offices in Sabah and Sarawak; or
  • Respective statutory bodies for professional services providers

 

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Business Vintage

Business has been in operations for at least three (3) years
 

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Shareholding

Companies with at least 51% shares held and controlled by Malaysian Citizens residing in Malaysia.

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Note: The final approval on financing and guarantee granted is subject to Bank and SJPP credit assessment and discretion.

Customers who are interested can apply for guarantee schemes through our Relationship Managers.

Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.

Objective

Government Guarantee Schemes are the alternative solution for SMEs to obtain financing facilities without the need of providing collateral.

 

Note: These are general features of Government Guarantee Schemes. For details on each specific scheme, please refer to SJPP's website.

 

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Financing Purpose

  • Working capital financing
  • Capital expenditure (CAPEX) financing

 

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Facility Type

  • Term Loan
  • Overdraft
  • Revolving Credit
  • Trade 

 

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Financing Rate

Up to BLR + 2.0% p.a. (depending on financing purpose and credit facility type)

 

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Financing Limit

Depending on guarantee scheme - up to RM 20 Mil1 

 

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Guarantee Coverage

  • Up to 80% coverage for SMEs
  • Up to 90% coverage for Microenterprises 

 

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Guarantee Fee

Up to 1% p.a. payable upfront

 

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Financing Tenure

Depending on guarantee scheme - up to fifteen (15) years, or until 31st December 2035, whichever is earlier. 

 

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1 Subject to SJPP's aggregate group limit for all schemes under SJPP. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees), related guarantors, and including Related Parties.

 

Note: The final approval on financing and guarantee granted is subject to Bank and SJPP credit assessment and discretion.

Customers who are interested can apply for this guarantee scheme through our Relationship Managers.

Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.

Objective

To assist SMEs and Mid-Sized Companies (MSC) during the current economic recovery phase.
 

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Eligibility

  • Open to all entities1 (SMEs and Mid-Size Companies (MSC)) in all industries with annual revenue of not more than RM250.0 million based on their audited accounts (or relevant income tax returns where applicable) for any of the financial year ending 2019 or later:
    i. Sole proprietorships owned by a Malaysian Citizen;
    ii. Partnerships, and Limited Liability Partnerships controlled and majority owned by Malaysian Citizens; or
    iii. Companies with at least 51% shares held and controlled by Malaysian Citizens
  • And are duly registered with:
    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 has been in operations for at least three (3) years

 

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Financing Purpose

  • Working capital financing
  • Capital expenditure (CAPEX) financing
  • Restructuring of existing financing facilities

 

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Facility Type

  • Term Loan / Term Financing-i
  • Overdraft / Cashline-i
  • Revolving Credit / Revolving Credit-i
  • Trade / Trade-i Facilities

 

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Financing Rate

From BLR – 0.5% p.a. to BLR + 2.0% p.a., depending on financing purpose and credit facility type

 

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Financing Limit

From RM100,000 to RM 20 Mil2

 

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Guarantee Coverage

  • Working capital / Capital expenditure (CAPEX) financing
    Up to 80% of the approved financing amount
  • Restructuring of existing financing facilities
    Guarantee Coverage = A x B x C, where:
    A: 80%
    B: 36 months (3 years)
    C: Average monthly instalment for Year 2 and Year 3 of the restructured facility

 

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Guarantee Fee

Up to 1% p.a. payable upfront (depending on financing purpose and customer category)

 

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Financing Tenure

Up to 10 years

 

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Availability Period

Upon full utilisation of the Scheme limit of up to RM 20.0 billion

 

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1Excludes entities that are public-listed on the main board; and subsidiaries public listed companies on the main board, Government linked companies (GLC), Syarikat Menteri Kewangan Diperbadankan (MKD) or state-owned enterprises.

2 Subject to the aggregate group limit not exceeding RM20.0 million financing limit for all other schemes under SJPP including Special Relief Fund, Government Guarantee Scheme, Danajamin PRIHATIN Guarantee Scheme, Bus and Taxi Hire Purchase Rehabilitation Scheme, and this scheme. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees), related guarantors, and including Related Parties.

 

Note: The final approval on financing and guarantee granted is subject to Bank and SJPP credit assessment and discretion.

Customers who are interested can apply for this guarantee scheme through our Relationship Managers.

Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.

SJPP Working Capital Guarantee Scheme 2 (WCGS2)

To assist viable SMEs in all sectors to gain access to working capital and capital expenditure financing.

 

SJPP Targeted Relief & Recovery Facility (TRRF)

For SMEs that are affected by the reintroduction of COVID-19 containment measures since June 2020

 

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.

 

 

Note: The final approval on financing and guarantee granted is subject to Bank and SJPP credit assessment and discretion.

Customers who are interested can apply for this guarantee scheme through our Relationship Managers.

Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.

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