Eligibility Criteria
SME¹ Companies in ALL sectors or industries
Manufacturing
Companies with sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers.
Services and other sectors
Companies with sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.
Excludes:
- Entities that are public-listed on the main board; and
- Subsidiaries of:
- Public-listed companies on the main board;
- Multinational corporations (MNCs);
- Government-linked companies (GLCs);
- Syarikat Menteri Kewangan Diperbadankan (MKDs); and
- State-owned enterprises.
1 Meets the SME definition as issued by SME Corporation Malaysia. For more details on SME definition, please visit www.smecorp.gov.my
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Incorporated / Registered
- Companies Commission of Malaysia either under the Registrar of Business Act (1956) or Companies Registration Act 1965 and / or the Companies Registration Act 2016 or Limited Liability Partnership Act 2012; or
- Respective authorities or district offices in Sabah and Sarawak; or
- Respective statutory bodies for professional services providers
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Business Vintage
Business has been in operations for at least three (3) years
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Shareholding
Companies with at least 51% shares held and controlled by Malaysian Citizens residing in Malaysia.
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Key person
Must at least be 21 years old at point of application and does not exceed 65 years old upon settlement of financing that is guaranteed under CGC.
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Credit Record
Business with good credit track record / history
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Note: The final approval on financing and guarantee granted is subject to Bank and CGC credit assessment and discretion.
Customers who are interested can apply for guarantee schemes through our Relationship Managers.
Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.
Objective
CGC guarantee provides an alternative collateral solution for SMEs that lacks in collateral or unable to provide any collateral, which enables businesses to obtain financing according to the viability of the SME business.
Note: These are general features of CGC Guarantee Schemes. For details on each specific scheme, please refer to CGC's website.
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Financing Purpose
- Working capital financing
- Capital expenditure (CAPEX) financing
CGC Guarantee Schemes do not provide any guarantee coverage for refinancing of existing credit facilities applications.
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Facility Type
- Term Loan
- Overdraft
- Revolving Credit
- Trade
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Financing Rate
Up to BLR + 2.0% p.a. (depending on financing purpose and credit facility type)
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Financing Limit
Depending on guarantee scheme – from RM 100,000 up to RM 10 Mil1
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Guarantee Coverage
Between 30% to 90%, subject to the following:
- Unsecured Portion - Up to 80% (a maximum cover of RM3 Million)
- Secured Portion - Up to 90% (no capping imposed on secured portion)
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Guarantee Fee
Fee ranges between 2.1% up to 5.0% per annum against the guarantee coverage amount depending on the CGC Guarantee Scheme, secured and unsecured portion of the financing and business risk profile.
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1 Financing limit is subject to CGC's internal limit capping
Note: The final approval on financing and guarantee granted is subject to Bank and CGC credit assessment and discretion.
Customers who are interested can apply for this guarantee scheme through our Relationship Managers.
Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.
CGC BizJamin Scheme
For SMEs that lacks collateral and / or require alternative collateral solutions to increase financing access from the Bank
Guarantee for financing granted under BNM's Fund for SMEs - All Economic Sectors (AES) facility
CGC Disaster Relief Facility (DRF)
Guarantee for financing granted under BNM's Fund for SMEs – Disaster Relief Facility (DRF)
Note: The final approval on financing and guarantee granted is subject to Bank and CGC credit assessment and discretion.
Customers who are interested can apply for this guarantee scheme through our Relationship Managers.
Alternatively, you can leave your contact details by clicking on the I’m Interested button and our Relationship Managers will reach out to you.
