General Features
Objective
Government Guarantee Schemes are the alternative solution for SMEs to obtain financing facilities without the need of providing collateral.
Note: These are general features of Government Guarantee Schemes. For details on each specific scheme, please refer to SJPP's website.
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Government Guarantee Schemes are the alternative solution for SMEs to obtain financing facilities without the need of providing collateral.
Note: These are general features of Government Guarantee Schemes. For details on each specific scheme, please refer to SJPP's website.
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Financing Purpose
- Working capital financing
- Capital expenditure (CAPEX) financing
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- Working capital financing
- Capital expenditure (CAPEX) financing
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Facility Type
- Term Loan
- Overdraft
- Revolving Credit
- Trade
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- 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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Up to BLR + 2.0% p.a. (depending on financing purpose and credit facility type)
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Financing Limit
Up to RM 30 Mil¹
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Up to RM 30 Mil¹
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Guarantee Coverage
Up to 90%
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Up to 90%
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Guarantee Fee
Up to 1% p.a. payable upfront
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Up to 1% p.a. payable upfront
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Financing Tenure
Up to 14 years, or until 31st December 2035, whichever is earlier.
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Up to 14 years, or until 31st December 2035, whichever is earlier.
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1 Subject to SJPP's aggregate group limit for all schemes under SJPP. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees), related guarantors, and including Related Parties.
Note: The final approval on financing and guarantee granted is subject to Bank and SJPP 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.
Objective
To revitalise the business of eligible Malaysian SMEs and Mid-Sized Companies (MSC).
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To revitalise the business of eligible Malaysian SMEs and Mid-Sized Companies (MSC).
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Eligibility
- Open to all entities (SMEs and MSCs) in all industries with annual revenue of not more than RM500 million based on their audited accounts (or relevant income tax returns where applicable) for any of the financial year ending 2019 or later:
i.Sole proprietorships owned by a Malaysian Citizen;
ii.Partnerships, and Limited Liability Partnerships controlled and majority owned by Malaysian Citizens; or
iii.Companies with at least 51% shares held and controlled by Malaysian Citizens
- Which are duly registered with the following:
i.Companies Commission of Malaysia either under the Registration of Business Act (1956) or the Companies Act (1965/ 2016) or Limited Liability Partnership Act (2012); or
ii.Respective authorities or district offices in Sabah and Sarawak; or
iii.Respective statutory bodies for professional services providers
- Excludes:
i.Entities that are public-listed on the main board, Government-linked companies (GLCs), Syarikat Menteri Kewangan Di Perbadankan (MKDs), and State-owned enterprises
ii.Subsidiaries with at least 51% shares of the entities, mentioned in No. i above
iii.Civil servants, who are currently in service, except with prior written approval from the employer – Majikan/ Ketua Jabatan
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- Open to all entities (SMEs and MSCs) in all industries with annual revenue of not more than RM500 million based on their audited accounts (or relevant income tax returns where applicable) for any of the financial year ending 2019 or later:
i.Sole proprietorships owned by a Malaysian Citizen;
ii.Partnerships, and Limited Liability Partnerships controlled and majority owned by Malaysian Citizens; or
iii.Companies with at least 51% shares held and controlled by Malaysian Citizens
- Which are duly registered with the following:
i.Companies Commission of Malaysia either under the Registration of Business Act (1956) or the Companies Act (1965/ 2016) or Limited Liability Partnership Act (2012); or
ii.Respective authorities or district offices in Sabah and Sarawak; or
iii.Respective statutory bodies for professional services providers
- Excludes:
i.Entities that are public-listed on the main board, Government-linked companies (GLCs), Syarikat Menteri Kewangan Di Perbadankan (MKDs), and State-owned enterprises
ii.Subsidiaries with at least 51% shares of the entities, mentioned in No. i above
iii.Civil servants, who are currently in service, except with prior written approval from the employer – Majikan/ Ketua Jabatan
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Financing Purpose
- Working Capital
- Capital Expenditure (CAPEX)
Both for New Financing.
Note: The facility cannot be used to refinance existing facility granted by the same or other FIs.
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- Working Capital
- Capital Expenditure (CAPEX)
Both for New Financing.
Note: The facility cannot be used to refinance existing facility granted by the same or other FIs.
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Facility Type
- Term Loan / Term Financing-i
- Overdraft / Cashline-i
- Revolving Credit / Revolving Credit-i
- Trade / Trade-i Facilities
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- Term Loan / Term Financing-i
- Overdraft / Cashline-i
- Revolving Credit / Revolving Credit-i
- Trade / Trade-i Facilities
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Financing Rate
Not exceeding BLR + 2%
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Not exceeding BLR + 2%
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Financing Limit
Up to RM 30 Mil for four sectors below:
- High Technology
- Agriculture
- Manufacturing
- Tourism
Up to RM 20 Mil for all other sectors.
Note: This is subject to the aggregate Group Limit not exceeding RM 50 Mil financing limit for all other schemes under SJPP including this scheme.
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Up to RM 30 Mil for four sectors below:
- High Technology
- Agriculture
- Manufacturing
- Tourism
Up to RM 20 Mil for all other sectors.
Note: This is subject to the aggregate Group Limit not exceeding RM 50 Mil financing limit for all other schemes under SJPP including this scheme.
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Guarantee Coverage
- Up to 90% guarantee of the financing obtained from the participating FIs (including principal and interest/ profit) for the 4 focus sectors. The financing limit eligible for the 90% guarantee coverage shall be capped at RM10.0 million per company.
- Up to 80% for all other sectors
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- Up to 90% guarantee of the financing obtained from the participating FIs (including principal and interest/ profit) for the 4 focus sectors. The financing limit eligible for the 90% guarantee coverage shall be capped at RM10.0 million per company.
- Up to 80% for all other sectors
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Guarantee Fee
- BNM funding schemes: 0.5% per annum payable upfront
- 4 focus sectors: 0.75 per annum payable upfront
- Other sectors: 1.0% payable upfront
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- BNM funding schemes: 0.5% per annum payable upfront
- 4 focus sectors: 0.75 per annum payable upfront
- Other sectors: 1.0% payable upfront
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Financing Tenure
Up to 10 years or until 31 December 2035, whichever is earlier
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Up to 10 years or until 31 December 2035, whichever is earlier
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Availability Period
Available until 31 December 2024 or until full utilisation of the funds, whichever is earlier.
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Available until 31 December 2024 or until full utilisation of the funds, whichever is earlier.
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Note: The final approval on financing and guarantee granted is subject to Bank and SJPP 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.
To assist viable SMEs in all sectors to gain access to working capital and capital expenditure financing.
For SMEs in the core tourism and tourism related sectors impacted by the COVID-19 outbreak that are obtaining financing under the PENJANA Tourism Financing Package.
Note: The final approval on financing and guarantee granted is subject to Bank and SJPP 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.
