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SHORT TERM LOAN FINANCING - Raw Material

 MTIB is offering interest-free loan to SMEs under the Raw Material Support Programme for the procurement of raw materials to assist them in the processing of finished products for a confirmed work contract. Application form can be obtained from MTIB’s website/ from MTIB headquarters/ MTIB regional offices.

 Eligibility of Applicant:

       i. Loan Limit:

Enterprise

  1. Minimum : RM5,000
  2. Maximum : RM20,000

Sendirian Berhad

  1. Minimum : RM20,000
  2. Maximum: RM1,000,000

       ii. 100% funding will be given for timber raw material costs;

       iii. A service charge of 1.5% of the value of the loan is imposed and must be paid within 7 days after the loan agreement has been signed (the service charge is not deductible from the value of the loan approved;

      iv. Approval is subject to the availability of the remaining loan upon submission of the application;

       v. Loan disbursements will be paid to the suppliers of the raw materials after MTIB has validated the raw materials in the suppliers’ premises/applicants’ factory;

      vi. Fully-owned Bumiputera company/ enterprise (100% equity);

     vii. Wood-based products manufacturing;

    viii. Has been awarded the contract work/supply and is still in force;

      ix. A company which is not being wind up and a member of its Board of Directors is not bankrupt;

       x. Payback period loan is 3-6 months; and

      xi. Has undergone an audit SCORE/ M-CORE (SME Competitiveness Rating for Enhancement).

Conditions of Application

Please click to APPENDIX 1 for conditions and supporting documents and to be attached to the application.

How to Apply

Application form can be downloaded HERE or obtained from MTIB Headquarters or regional offices.