Soft Loan For Small And Medium Enterprises (SLSME)

The fund is aimed at promoting the development of small and medium enterprises(SMEs) in Malaysia. This soft loan scheme is to assist existing as well as new start-up companies in project, fixed assets and working capital financing.

Eligibility:

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

  • Subsidiaries of public-listed companies with shareholding not exceeding 20%.

  • At least 60% equity held by Malaysians.

  • Possess valid premise license.

1. Minimum Loan Size: RM50,000

2. Maximum Loan Size:

  • Project Financing - RM1.5 million

  • Fixed Assets Financing - RM1 million

  • Working Capital Financing - RM1 million

3. Eligible Expenses:

  • Project, fixed assets and working capital financing. (RM1.5 million)

  • Costs incurred for initial store renovation and upgrade of store display for retail trade. (RM1.5 million)

  • Working capital for companies with confirmed contract from GLCs, MNCs and the Government including its agencies. (RM500,000)

4. Repayment Period:

  • Land and Building - up to 15 years including grace period of up to 2 years.

  • Machinery and Equipment - up to 6 years including grace period of up to 1 year.

  • IT Equipment - Up to 4 years including grace period of up to 1 year.

  • Term Working Capital - up to 3.5 years including grace period of up to 6 months.

  • Revolving Working Capital - Subject to annual review.

5. Interest Rate: 2 % per annum

 

 

 

Posting date070907
Revised 130109

 

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