business loan

By: Magic Management Servies  01-04-2016

Purpose of SME Business Loan Financing Expansion of productive capacity Working capital; or CASH both Financing should not be used for: Purchase of shares Refinancing of existing credit facilities Purchase of land and properties for investment purposes Eligibility Criteria SME Business Loan in Malaysia Shareholders' funds min exceeding RM 50,000.00 Malaysian-owned institutions (at least 51%) incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1966, citizens residing in Malaysia and entrepreneurs registered under the Registrar of Business or any other authoritative bodies. Must fall within the definition of SMEs Franchise businesses can apply under this scheme. Malaysia SME Loan,Malaysia Business Loan , working capital 贷款申请, 企业融资 in Malaysia Scheme 1 Eligible Sectors : All economic sectors except for money ex-change activity. (CGC or SJPP guarantee), at least 3 years company Maximum Financing Rate : 4% to 8.0% p.a Maximum Tenure : Up to 5 years Minimum Funding : RM 150,000 Maximum Funding Approval Time : RM 5 million : 2 to 6 months only Scheme 2: Eligible Sectors : All economic sectors except for money ex-change activity & Entertainment, at least 3 years company (CGC guarantee) Maximum Financing Rate : BLR + 1% to 2% Maximum Tenure : 3 to 5 years Minimum Funding : RM 100,000 Maximum Funding Approval Time : RM 500,000 : 1 to 2 months Scheme 3: Eligible Sectors : All economic sectors except for money ex-change activity & Entertainment, at least 5 years company Maximum Financing Rate : BLR + 1% to 2% Maximum Tenure : 3 to 5 years Minimum Funding : RM 100,000 Maximum Funding Approval Time : RM 350,000 : 2 weeks to 1 month *** Important Criteria : NO CRIS, BLACKLIST, CTOS MUST have premis (shop, manufacture, office)


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