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Soft Loan for Small & Medium Enterprises (SLSME)

  1. Provides assistance to existing as well as new start-up companies in project, fixed assets and working capital financing
  2. Assisting Small and Medium Enterprises (SMEs) which are operating in unlicensed premise to relocate their operations to legal industrial sites or premise
  3. Assisting Small and Medium Enterprises (SMEs) to improve their competitiveness, efficiency and productivity through the adoption of ICT in business management and operations

Scope of Funding

  1. Financing existing as well as new start-up in project, fixed assets and working capital financing
  2. Provides assistance for SMEs, including graduates of rehabilitation and incubation to open/relocate/expand their business through acquisition of factory/business premises
  3. Provides assistance for SMEs to use ICT to improve competitiveness, efficiency and productivity

Eligibility Criteria : 
SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956

  1. At least 60% equity held by Malaysians
  2. SMEs with shareholding not exceeding 20% held by public-listed companies
  3. Companies to be located at approved location without having to close down the existing operation/premises
  4. Possess valid premises license

Sectors : 
Manufacturing, Services (excluding insurance and financial service) and Manufacturing related Services
Amount : 
Minimum RM50,000 and Maximum RM3 million.

Eligible Expenses :

  1. Project, fixed assets and working capital, Costs incurred for initial store renovation and upgrade of store display for retail trade and Working capital

Per Cent Financing:

  1. Fixed Assets - Up to 90% of the cost for new assets and Up to 65% for used/reconditioned equipment which shall not be more than 5 years old.
  2. Working Capital - Up to 80% for Sales Revolving Credit (SRC) and Up to 100% for Purchase Revolving Credit (PRC).

Tenure:-

  1. Land and building - up to 15 years including grace period of up to 2 years.
  2. Machinery and equipment - up to 6 years including grace period of up to 1 year.
  3. IT Equipment - up to 4 years including grace period of up to 1 year.
  4. Working Capital Financing:
    • - Purchase PRC & SRC - up to 150 days for each drawdown including an option to rollover for a period not exceeding 60 days for eligible borrowers

Interest Rate : 
4 % per annum on yearly rest
Grant Provider : SME Corp, for more information, please contact    En.Fadzlan Bin Abu Bakar, Head (Sales & Marketing) Level 15,  Menara MIDF, 82 Jalan Raja Chulan, ,Kuala Lumpur

Soft Loan Scheme for Automation and Modernisation (SLSAM)

     i.   Encourage industries to modernise and automate their manufacturing processes
     ii.  Upgrade production capability and capacity; and
     iii. Assist companies in:
                             a) minimising dependence on labour intensive activities and foreign labour;
                             b) diversifying into higher value-added activities; and
                             c) rationalising and streamlining their operations through mergers and acquisition.

SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956

  1. At least 60% equity held by Malaysians
  2. Possess valid business license
  3. In operation for at least 2 years

Sector : 
Manufacturing
Amount : 
Minimum RM100,000 and Maximum RM5 million per application Priority will be given to first time applications

Eligible Items : 

Industrial Adjustment Financing for:

    1. Purchase of new or reconditioned machinery and equipment*.
    2. Purchase of software and computer peripherals related to the industrial adjustment process.
    3. Purchase of new machinery, plant and equipment for the purpose of diversification into higher value-added activities.
    4. Costs related to the installation, commissioning and related training as well as maintenance of the machinery and equipment.
    5. Expenses related to undertake service related to mergers and acquisitions (M&A) such as registration fees and payment for services by investment bankers.

         

Automation** Financing for:

  1. Purchase of new or reconditioned automation related machinery and equipment.
  2. Cost related to the installation, commissioning and related training as well as maintenance of the machinery and equipment for investment in automational.
  3. Purchase of software and computer peripherals related to the development of the automation system.
  4. Purchase of energy-saving machinery and equipment or devices which are directly installed in, or form part of, the production line or process which result in cost savings.

Energy Saving

  1. Purchase of energy-saving machinery and equipment or devices which are directly installed in, or form part of, the production line or process and which will result in cost savings..

Note:
* for reconditioned machinery and equipment, the age shall not be more than 5 years old
** the above activities must result in a reduced number of foreign workers employed

Per Cent Financing :   
Up to 85% for new machinery and equipment, Up to 60% for reconditioned machinery and equipmentand Up to 70% for services engaged by the company for the mergers and acquisitions. 
Tenure :  
5 to 7 years including grace period of up to 1 year
Interest Rate : 
4 % on yearly rest
Grant Provider : 
SME Corporation, for more information, please contact    En. Fadzlan Bin Abu Bakar, Head (Sales & Marketing) Level 15,  Menara MIDF,   82 Jalan Raja Chulan