Scheme Name

Targeted Relief and Recovery Facility (TRRF)  

(effective 1^st December 2020)

Eligibility

• Malaysian SMEs* with at least 51% shares held by Malaysians and has been in operation for at least 2 years; and
• Business registered with the Companies Commission of Malaysia (CCM), authorities/district offices in Sabah and Sarawak or statutory bodies for professional service providers;
• SMEs in services sector affected by reintroduction of COVID-19 containment measures since June 2020 (except for tourism and tourism-related subsectors) such as:
  • Personal services (e.g. repair of computers / household goods, laundry, hairdressing, beauty);
  • Food and Beverage service activities;
  • Human Health and Social Work activities;
  • Arts, Entertainment and Recreation;
  • Wholesale and Retail Trade; and
  • Business services (e.g. Professional, Scientific and Technical Activities; Administrative and Support Service Activities)
• SMEs that are recipients of BNM Special Relief Facility (SRF), or PENJANA SME Financing (PSF) or PENJANA Tourism Financing (PTF) are not eligible for the TRRF.
  

*Based on the definition of SME as per SME Corp Malaysia www.smecorp.gov.my

Purpose of Financing

For working capital

Note: Financing is not allowed for refinancing of existing facility granted by HLB or other participating Banks.

Financing Rate

Up to 3.50% p.a. inclusive of guarantee fee                                                         

Financing Limit

• Up to RM 500,000 per SME
• Up to RM 75,000 per Micro Enterprise

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 CGC / SJPP guarantee.

Facility Type

Term Loan

Financing Tenure

Up to 7 years including a moratorium period of 6 months on monthly instalments.

Interest will be accrued during the 6 months moratorium / repayment deferment period and spread out over the 6.5 years repayment period.

Guarantee Coverage*

• Up to 80% guarantee coverage for SME
• Up to 90% guarantee coverage for Micro Enterprise

*Guarantee coverage can be obtained from either Credit Guarantee Corporation (CGC) / Syarikat Jaminan Pembiayaan Perniagaan (SJPP).

Collateral

No collateral needed                                                                                           

Availability Period

Up to 31 Dec 2021 or upon full utilization (whichever is earlier)                              

Documents Required

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