Working Capital Guarantee Scheme (RMK-10 WCGS)

 

1.

Objective of The Scheme


To assist viable companies with shareholders’ fund of not more than RM10.0 million to gain access  to Working Capital financing.


Implementation Agency :


Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) : to provide guarantee

   

2.

Purpose of Financing


To meet the working capital needs of businesses (Refinancing of existing credit facilities in not allowed)

   

3.

Financing Limits


Minimum


:RM 50,000


Maximum


:Aggregate financing of RM 10 million per company

   

4.

Financing Tenure

 

•


Maximum tenure of Five (5) years or up to 31st December, 2015, whichever is earlier.

   

5.

Eligibility Criteria


Legally registered Malaysian-owned companies (at least 51%) with shareholders fund of not more than RM10.0 million.

   

6.

Guarantee Coverage


70% by the Government of Malaysia on the Financing Facility for any financing between RM50,000 to less than RM2.0 million only.


50% by the Government of Malaysia on the Financing Facility for any financing from RM2.0million to RM5.0 million.

   
 
Enquiry Bank Pembangunan Malaysia Berhad (16562-K)
  Menara Bank Pembangunan
  Bandar Wawasan
  No 1016, Jalan Sultan Ismail
  50250 Kuala Lumpur
   
 

Tel

:

+60 3 2611 3888

Fax

:

+60 3 2698 5701