Targeted Relief & Recovery Facility (TRRF)

BNM has on 1st December 2020 announced the Targeted Relief & Recovery Facility (TRRF) to alleviate the financial burden and assist in the resumption of business operations of the SME’s affected by 2020 Covid 19 outbreak, effective from 2nd December 2020 to 31st December 2021.

To Apply Click Here

Some of the key features are as follows:

Features


Financing Limit

Up to RM 500,000.00

Financing Tenure

Up to 7 years, including 12 months Moratorium

Financing Rates

3.5% per annum

Facility type

Term Financing only

Security

CGC and Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

Eligibility

SME companies and business enterprise in Services sector only (except tourism sector and tourism-sub sector).

  • Personal Services (e.g repair of computers/ household goods, laundry, hairdressing, beauty )
  • Food and beverage services activities
  • Human health and social work activities
  • Arts, entertainment and recreation
  • Wholesale and retail trade
  • Business services (e.g Professional, scientific and technical activities; administrative and support service activities

Note : Recipients of Special Relief Facility (SRF), PENJANA SME Financing (PSF) and PENJANA Tourism Financing (PTF) are not eligible for the TRRF.

Quick Guide

    SME Applications (TRRF) for Sdn Bhd and SP/P

    Determine whether the applicant is SME:

  • Manufacturing – Annual sales between RM300k – RM50M or Employees below 200;
  • Trading/Services – Annual sales between RM300K – RM20M or Employees below 75;
  • Micro – Annual sales below RM300k;
  • Business in operations minimum of 2 years, and
  • Profit/positive networth for the latest audited financial year(S/B)/income tax form(SP/P).
Required documents A

    For SDN BHD

  • Business Registration with SSM, Form 24,44,49;
  • Latest 2 years audited financial statements;
  • Latest 6 months Bank statements;
  • Photocopies of identity card of directors / owners /partners, and
  • Consent form to check on the credit record of the applicant (provided by Bank).
Required documents B

    For SP/P

  • PrFirm registration Form B / Form D;
  • Professional certificate/qualification
    (For solicitor, accounting firm or other professionals);
  • Latest income tax statement (if any) SP/P;
  • Latest 2 years management accounts;
  • Latest 12 months Bank statements;
  • Photocopies of identity card of directors / owners /partners, and
  • Consent form to check on the credit record of the applicant (provided by Bank).

Note:

*SP – Sole Proprietor
*P- Partnership

Other SME Financing To Choose From
SME FINANCING
PENJANA Tourism Financing

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SME FINANCING
Targeted Relief & Recovery Facility

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SME FINANCING
PRIHATIN Fast Track

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