MDV Technology Start-ups Funding Relief Facility
Facility Type: Cashline with semi-annual roll-over
Financing Rate: Up to 3.50% p.a.
Financing Tenure: Up to five (5) years subject to annual review
Financing Limit: Up to RM2.5million.
Warrant Cover: Up to 10% of financing limit at last funding round equity price
Security*: Personal guarantee and debenture
Fees & Cost*: No additional fees and costs. Legal fees can be drawn down from the facility
SME Go is part of the Government’s economic stimulus package specifically to assist contractors who have been awarded a contract from Federal or State Governments, Ministries, Departments or Agencies. The contract will be financed by SME Bank via:
MySMEBina for construction or infrastructure contracts and/or
MySMEBekal for supply or maintenance contracts.
Working capital: Up to 100% of the contract cost.
Advance Payment Guarantee (APG) : 25% of the contract value or RM100,000, whichever is lower.
Penang State Government - SKIM PINJAMAN HARAPAN
A micro-loan scheme for small and medium enterprises of up to RM10,000 will be offered without interest, with a six-month repayment schedule.