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Business Loan

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

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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.

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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.