π₯ SMEs Take Note! Up to RM750,000 Funding Available!
The Malaysian government just launched a NEW support plan β and this one is actually useful π
π Introduced by Bank Negara Malaysia
π° RM5 Billion SME Support Fund (SME SRF)
π Applications open on May 15 β first come, first served!
βΈ»
π‘ What can you get?
βοΈ Up to RM750,000 financing
βοΈ Up to 5 years repayment
βοΈ Low interest: max 3.75% (inclusive of fees)
βΈ»
π‘ Important (many people donβt know this)
π Up to 80% government guarantee!
Even if you donβt have strong collateral, you may still qualify
Guarantee agencies:
βοΈ Credit Guarantee Corporation Malaysia (CGC)
βοΈ Syarikat Jaminan Pembiayaan Perniagaan (SJPP)
βΈ»
π Why now?
Due to the Middle East situation, many businesses are facing rising costs & unstable demand
This fund helps support your cash flow
βΈ»
π€ PM Anwar Ibrahim said:
π This is to help businesses with potential stay afloat
βΈ»
π How to apply?
Go directly to:
π¦ Commercial banks / Islamic banks / Development financial institutions
βΈ»
β οΈ Important reminder
β Limited fund (RM5B)
β Likely to run out fast
π If you need financing, prepare your documents early!
Philippines