Graduate Entrepreneur Fund 2
GRADUATE ENTREPRENEUR FUND 2 (TUS 2)
Special Financing Fund For Graduates
Graduate Entrepreneur Fund (TUS 2) is a special fund provided to encourage graduates to venture into business.
It is a financing scheme for graduates to start up business as well as expansion of existing business.
Based on shariah financing concept (e.g: Bai’ Inah, Bai’ Bithaman Ajil, Ijarah, Ijarah Thummalbai’, Bai’ Istisna’)
Purpose & Margin of Financing
|Purpose||Margin of financing|
|1.||Working CapitalPurchase of raw materials, stocks,operational cost, legal fees, takaful,renovation and others.||Up to 100% (except for renovation)|
|2.||Purchase of assets for businessMachinery, equipment, furniture, loose tools, vehicle etc||Up to 100 % (for new items)|
- Up to 10 years including maximum 4 years grace period.
- 4% per annum (Terms and condition apply)
|Sdn Bhd||Sole Proprietor / Partnership|
|Security Documents||i. Joint & Several Guaranteeii. Facility Agreement||Facility Agreement|
|Guarantee||i. Joint & Several Guarantee||For financing above RM100,000Third party guarantee
Additional security will be imposed where
a) Malaysian citizen not more than 40 years old.
b) Must at least hold a Diploma from:
- Public / Private Universities or
- Polytechnic / Mara Colleges that is recognized by:
- Malaysian Qualifications Agency (MQA) or
- Public Service Department of Malaysia (JPA) or
- Ministry of Education (MOE)
c) Have graduated for not more than 15 years.
d) The business is registered with SSM / other authorized registering bodies. (Sole-proprietorship / partnership firm, or a Sdn Bhd company).
e) For a partnership firm or a Sdn Bhd company, the graduate must hold majority shares of ≥ 51% AND is the key decision maker and must be full time in business.
f) For those who have < 2 years business experience, you are required to attend course conducted by SME BANK-CEDAR.
Those who have attended course organized by INSKEN are also eligible.
For further inquiries, please contact: Any of our Enterprise Centres / Business Centres
Please contact SME BANK-CEDAR for applicants who need to attend the course.
Tel: 03 – 2615 2970 / 2615 2077
SME Bank has never appointed any agent, broker or outside party to conduct business on our behalf.
Please contact our Customer Service at:
Customer Service – 1 800 88 3131