SME Financing

The PENJANA Tourism Financing (PTF) forms part of the Government’s efforts to aid the tourism sector. The purpose of the PTF is to support Malaysian SMEs in the tourism sector, by preserving their capacity and assisting them to adjust and remain viable post COVID-19. In particular, SMEs can utilise the facility to enhance their business models and deploy new practices, including digitalisation.

Viable Malaysia SMEs in the eligible core tourism and tourism-related sectors which are either SMEs as defined by SME Corp Malaysia; OR SMEs licensed by / registered with MOTAC may apply. The core tourism and tourism related sectors are as follows:

Core tourism:

  • 1) Tourism accommodation premises (e.g. budget hotels, registered homestays, chalet and resorts)
  • 2) Travel agencies & tour operators
  • 3) Transportation for tourists (e.g. bus, boat and car rental operators)

Tourism-related sectors:

  • 1) Medical tourism
  • 2) MICE (Meetings, Incentives, Conferences, Exhibitions) ecosystem
  • 3) Money service businesses
  • 4) Tourism-related retail, recreation and wellness which can justify significant reliance on tourists

Eligibility criteria

BMMB will focus on viable Malaysian SMEs in the core tourism and tourism-related sectors which are either:

  • i) SMEs as defined by SME Corp Malaysia*; OR
  • ii) Licensed by / registered with MOTAC

The subsectors are as follows:

  • Core tourism:
  1. Tourism accommodation premises (e.g. budget hotels, registered homestays, chalet and resorts)
  2. Travel agencies & tour operators
  3. Money service businesses
  4. Transportation for tourists (e.g. bus, boat and car rental operators)
  • Tourism-related sectors:
  1. Medical tourism;
  2. MICE (Meetings, Incentives, Conferences, Exhibitions) ecosystem;
  3. Tourism-related retail, recreation and wellness that can justify significant reliance on tourists

Note: *A business will be classified as an SME if it fulfils all 3 conditions in regards to (A) qualifying criteria (i.e annual turnover and employee threshold), (B) type of establishment and (C) shareholding structure (i.e non-subsidiaries of PLCs, MNCs, GLCs).

For (B), SMEs are either:

  1. Locally incorporated under the Companies Act 2016 (replaced Companies Act 1965); or
  2. Registered under the Registration of Business Act (1956) or Limited Liability Partnerships (LLP) Act 2012; or
  3. Registered under respective authorities or district offices in Sabah and Sarawak; or iv. Registered under respective statutory bodies for professional service providers.

Business in operation for a minimum of 2 years

Recipients of Special Relief Facility’s (SRF) and PENJANA SME Financing’s (PSF) are not eligible

Purpose of financing

  • For working capital and capital expenditure only

  • Not for refinancing of existing credit/financing facilities.

Financing amount

  • SME: Up to RM300k per SME; and
  • Micro enterprises: Up to RM75k per micro enterprise
  • The common limit will apply for SMEs’ associate companies with common shareholding of more than 20%

Financing rate

  • Up to 3.5% p.a. (inclusive of guarantee fee).

Type of financing

  • Term financing with monthly instalments with moratorium of 6 months.

Financing tenure, including moratorium period

  • Up to 7 years (including 12 months moratorium).

Moratorium period

  • 12 months moratorium.

Documentation required

  • SSM / state / municipal registration;
  • Photocopy Identity card of proprietors / directors;
  • Evidence of at least 2 years in business with recorded profit of at least one year;
  • For SME, latest six (6) months bank statement;
  • For micro enterprises, latest twelve (12) months bank statement;

Contact details

Download

Penjana eBooklet (Eng)

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Penjana eBooklet (BM)

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