BNM Targeted Relief and Recovery Facility (TRRF)
We are pleased to announce our participation in the BNM Targeted Relief and Recovery Facility (TRRF), to aid the recovery and continuity of eligible SMEs in services sector affected by reintroduction of COVID- 19 containment measures since June 2020.
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Scheme Name
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Targeted Relief and Recovery Facility (TRRF) (Effective 1st December 2020)
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Eligibility
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a) Service Sectors (except for tourism and tourism-related subsectors) such as: i) Personal services (e.g. repair of computers / household goods, laundry, hairdressing, beauty) ii) Food and Beverage service activities iii) Human Health and Social Work activities iv) Arts, Entertainment and Recreation v) Wholesale and Retail Trade vi) Business services (e.g. Professional, Scientific and Technical Activities; Administrative and Support Service Activities)
b) Non-Service Sectors SMEs in states which are in Phase 2 of the National Recovery Plan (NRP) and are still not allowed to operate in Phase 2**
Note: * The definition of SME as per SME Corp Malaysia www.smecorp.gov.my ** List of non-services sectors that are required to remain closed even under Phase 2 of the NRP as per latest standard operating procedures issued by Majlis Keselamatan Negara (MKN).
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Purpose of Financing
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Note: Refinancing is not applicable for existing business financing that was granted under BNM’s Fund for SMEs.
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Financing Rate
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Financing Limit
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Note: The financing limit is inclusive of financing to SMEs with common shareholder(s) of ≥ 20% shareholding. The final approved financing limit is subject to BNM approval, credit assessments by the Bank and Credit Guarantee Corporation Malaysia Berhad (CGC) / Syarikat Jaminan Pembiayaan Perniagaan (SJPP).
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Facility Type
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Financing Tenure
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Guarantee Coverage*
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*Guarantee coverage can be obtained from either Credit Guarantee Corporation (CGC) / Syarikat Jaminan Pembiayaan Perniagaan (SJPP).
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Collateral
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Availability Period
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Documents Required
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1) Business registration documents 2) Latest 6 months bank statements 3) Financial statement (audited and / or management) 4) Copy of IC of directors / partners / shareholders / guarantors
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Note: The final approval on financing granted is subject to Bank credit assessment and discretion.
SME customers who are interested can apply for this financing scheme through our SME Relationship Managers.
Alternatively, you can leave your contact details by clicking on the I’m Interested button and our SME Relationship Managers will reach out to you.