Scheme Name

PENJANA Tourism Financing (PTF) Scheme

Eligibility

• Malaysian SMEs* with at least 51% shares held by Malaysians and has been in operation for at least 3 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 within the core tourism sectors and tourism-related sectors as listed below or licensed by / registered with MoTAC.

Core Tourism sectors:

• Tourism accommodation premises (such as budget hotels, registered homestays, chalets and resorts)
• Travel agencies and tour operators
• Transportation for tourist (such as bus, boat, car rental operators)

Tourism related sectors:

• Medical tourism
• MICE (Meetings, Incentives, Conferences, Exhibitions) ecosystem
• Money services businesses – applicable to money changing operators who mainly serve inbound and outbound tourists
• Tourism related retail, recreation and wellness which can justify significant reliance on tourist
• SMEs that are recipients of BNM Special Relief Facility (SRF), or PENJANA SME Financing (PSF) or BNM Targeted Relief and Recovery Facility (TRRF) are not eligible for the PTF.
  

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

Purpose of Financing

For working capital and capital expenditure only.

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

Financing Rate

Up to 3.5% p.a. inclusive of guarantee fee of 0.5% p.a.

Financing Limit

• Up to RM 300,000 per SME
• Up to RM 75,000 per Micro Enterprise

Note: The financing limit is inclusive of financing to related 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

*Guarantee coverage can be obtained from Syarikat Jaminan Pembiayaan Perniagaan (SJPP).

Collateral

No collateral needed

Availability Period

Up to 31 Dec 2021 or upon exhaustion of funds (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