Eligible Criteria
Malaysian SMEs that fulfill the following criteria shall be eligible for financing from the Facility:
- Meets the definition of SMEs issued by SME Corporation Malaysia,
- Registered with the Companies Commission of Malaysia (SSM), authorities/district offices in Sabah and Sarawak,
- Maximum shareholders’ funds not exceeding RM5 million,
- Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%,
- Malaysians Bumiputera residing in Malaysia that hold a minimum of 60% shareholdings in the SMEs,
- Managing Director or CEO must be Bumiputera,
- Majority of higher management personnel are Bumiputera.
Target Sectors
- Manufacturer or Producer,
- Wholesaler,
- Trader,
- Supplier including logistic.
Financing Limit
- Minimum of RM500,000
- Maximum up to RM10 Million
Type Of Facility And Tenor
- Term Financing up to 7 years
Financing Rate
- 5.00% to 5.25% per annum
Margin Of Financing
- WCR – up to 100%
- CAPEX – up to 80%
Note:
The proposed financing amount shall be within calculated Working Capital Requirement (WCR) and OPEX calculation. Business Unit may propose standby WC facility; subject to the proposed amount shall not more than 30% the calculated WCR.
Security & Support
- 80% guarantee from SJPP
- 20% cash margin/ guarantee from TERAJU
- Directors’ guarantee
- Upfront placement of 6 months FSRA
- Keyman Takaful & Fire Takaful
Note:
SJPP have absolute discretion to impose additional collateral and terms & conditions (if any)
Other Terms & Conditions
- Equal monthly recoupment for annual SJPP fee to be placed in FSRA 2 – to be paid 1 month prior to the expiry to the expiry date of SJPP
- Lock-in Period shall be for the period of 5 years from the first disbursement date
*Terms and conditions apply.
