Features
Purpose Of Financing
- To support Malaysian small and medium-sized enterprises (SMEs) including micro enterprises in the tourism sector, by preserving their capacity and assisting them to adjust and remain viable post COVID-19 pendemic.
Financing Rate
- Up to RM500,000
Tenure
- Up to 7 years (including 12 months moratorium).
Financing Size
- SME – Up to RM 500,000
- Micro Enterprise – Up to RM 75,000
Eligibility Criteria
- SME whether Sdn. Bhd., sole proprietorship, partnership or limited liability partnership in the core tourism and tourism-related which are either:
SMEs (Inclusive of SMEs and Micro Enterprise) as defined by SME Corp Malaysia at a point of application; orWith at least 51%shares held and ultimately controlled by Malaysian
CORE TOURISM – Travel agencies & tour operators, budget hotels, registered homestays, chalets and resort, transportation for tourists.
OURISM-RELATED SECTOR – Medical tourism, MICE (Meetings, Incentives, Conference, Exhibitions) ecosystem, Money Service Business (MSB) and Tourism-related retail, recreation and wellness that can justify significant reliance on tourists.
Type of Facilities
- Term financing only
Guarantee Fee
- 0.5% per annum, 80% guarantee coverage.
