Objective
The primary objective of the client charter on granting financing to Small and Medium Enterprises (SMEs) is to provide a guide to our SME customers on the information required to process a financing application.
- Registered SME* businesses within the following category :
a) For business in Manufacturing Sector – Registered business with turnover of not exceeding RM 50 Million or full time employees of not exceeding 200
b) For business in the Services and Other Sectors – Registered business with turnover of not exceeding RM 20 Million or full time employees of not exceeding 75
- Malaysian owned companies with at least 51% ownership by Malaysian that are residing in Malaysia and registered under Registrar of Business which includes:
a) Locally incorporation under Companies Act 2016; or
b) Registered under the Registration of Business Act 1956 or Limited Liability Partnership Act 2012; or
c) Registered under respective authorities or district offices in Sabah and Sarawak; or
d) Registered under respective statutory bodies for professional service providers.
- Satisfactory financial track record of minimum 3 years.
- Satisfactory relationship (if any) with other financial institutions.
* Meets the SME definition as issued by SME Corporation Malaysia that is endorsed by the National Entrepreneur and SME Development Council (NESDC). It however excludes entities that are public-listed on the main board and subsidiaries of publicly-listed companies on the main board, Multinational Corporations (MNCs), Government-Linked Companies (GLCs), Syarikat Menteri Kewangan Diperbadankan (MKDs) and state-owned enterprises.
Following are some of the necessary documents required to process the financing applications:
Note: Listed documents herein are minimal document requirement and additional document may be requested by the Bank for processing and evaluation of financing application
| For business incorporated prior to 31st January 2017 |
|
|---|---|
| No |
List of Required Documents |
1 |
Form A / Form B and / or Form 8 / Form 9 (whichever is applicable) |
2 |
Form 24 and / or Form for Section 78 (where applicable) |
3 |
Form 49 and / or Form for Section 58 (where applicable) |
4 |
Form 13 and / or Notice of Registration of the New Name [issued by the Registrar under Section 28(3) CA 2016] (where applicable) |
5 |
Form 44 and / or Form for Section 46(3) (where applicable) |
6 |
Memorandum & Articles of Association (M & A) |
7 |
Copies of Identity Card (NRIC) or Passport the director(s), guarantors(s) and authorized signatory(ies) |
8 |
Directors’ Resolution (including Circular Resolution / Certified Extract of Resolution) |
9 |
Trading License (applicable only for companies incorporated in Sabah) |
10 |
Audited accounts for past 3 years and latest managements account. |
11 |
Bank statements (latest 6 months) |
12 |
Company write-up and management profile |
13 |
List of existing bankers, details of borrowing and existing security arrangements (if any) |
14 |
List of main suppliers / purchasers and creditors / debtors ageing schedule (if applicable) |
15 |
Cash-flow projections (if necessary) |
16 |
Details of security offered including related documents such as valuation report, copy of land title, sale and purchase agreement (if applicable) |
17 |
Director(s) / Guarantor(s) latest 3 years Income Tax Return Form and any other documents as evidence of income |
18 |
If guarantor is a Corporate Entity additional documents may be required |
| For business incorporated on / after 31st January 2017 |
|
|---|---|
| No |
List of Required Documents |
1 |
Notice of Registration issued by Companies Commission of Malaysia (“CCM”) and/ or Certificate of Incorporation (if available) |
2 |
Constitution1 (mandatory for a company limited by guarantee2 and optional for a company limited by shares) |
3 |
Form for Section 14 – Application for Registration of a Company (for newly incorporated company) |
4 |
Form for Section 78 |
5 |
Latest Form for Section 58 |
6 |
Notice of Registration of the New Name [issued by the Registrar under Section 28(3) CA 2016] (applicable if the company had changed its name) |
7 |
Form for Section 46(3) |
8 |
Documents #7 to #18 as listed for business incorporated prior to 31st January 2017 above. |
- A company has the option to adopt a constitution if it wishes to tailor certain provisions for itself, to the extent the provisions of the constitution are consistent with the Companies Act (CA) 2016 (and provided any modification(s) of the provisions of the Act is permitted).
- A company limited by guarantee is a company incorporated without share capital and the liability of its members is limited to the amount each member undertakes to contribute at the time the company is wound up. Whether a company is limited by guarantee or by shares it is stated in the Notice of Registration under the Type of Company.
We will respond to you in writing within 5 business days* from date of SME financing application submission with full and complete documents to the Bank.
If your application is unsuccessful, you will be notified in writing with the reason of rejection.
*Applicable for straightforward SME financing cases with full and complete documents received by the Bank. Turnaround time may be longer for more complex SME financing requirements.
If you wish to make an appeal on the unsuccessful financing application, you may submit in writing to the address below. We will notify you on the decision of the appeal in writing within 2 weeks from date of appeal is received.
Head, SME Banking
Hong Leong Bank Berhad
Level 9, Menara Hong Leong, No. 6 Jalan Damanlela Bukit Damansara 50490 Kuala Lumpur
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