To provide assistance to viable small businesses that is constrained by non-performing loans (NPLs), through facilitation of loans restructuring and provision of financial assistance.
Eligibility
Malaysian owned (at least 51%) companies and institutions registered under the Companies Act 1965, Registration of Business Act 1956, Societies Act 1966 or the Cooperative Societies Act 1993
Business enterprises with full time employees not exceeding 150 and annual sales turnover not exceeding RM25.0 million
Aggregate outstanding NPL of not more than RM3.0 million with commercial banks, finance companies, Islamic banks, Bank Pembangunan dan Infrastruktur Malaysia Berhad, Bank Industri dan Teknologi Malaysia Berhad and Danaharta Managers Sdn Bhd (DMSB).
The applications from DMSB borrowers should be supported by certification from DMSB
The NPLs must only be for business-related loans (to exclude share financing and loans for personal consumption); and
Borrower must have ongoing business
Features
1. Loan restructuring : NPLs of viable borrowers will be restructured and new financing will be
provided if required.
2.
New financing under the Rehabilitation Fund for Small Businesses:
Purpose
For working capital and business expansion
Ineligibility
Refinancing of existing credit facilities
Lending rate
5.0% p.a.
Type of facility
All types of facilities
Tenure
5 years
Amount of financing
Actual working capital or RM1.5 million whichever is lower
