|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Micro Business |
Financing for Micro Businesses
If you are a start-up or a micro business and you require working capital, the SME Bank may be able to help you grow your business and provide you with financing or business development advice on our special programmes. In this SME category, there are special schemes which have been established by Government Ministries and Agencies to promote entrepreneurship across priority and growth sectors. Should we not have a programme to suit your needs, we will refer you to our strategic partners with whom we work closely to ensure that you receive end-to-end advice on how to grow your micro business.
Financial Products
For the micro business, we offer conventional and Islamic financial products and services and these include:
 | Working capital for the purchase of raw materials, overhead and pre-operational costs. |
| | Term loans, hire purchase and leasing for asset acquisition (e.g. for furniture/fittings, computers, machinery, equipment and vehicles). |
| | Advisory services on the preparation of a bankable business plan, book keeping and cash flow management. |
Our interest rates (or profit margins for Islamic products) range from 3.75% to 7.5% depending on the sources of funds. We offer attractive margins of financing from 50% to 90%, again depending on the sources of funds, and type of asset(s) financed. **
** Terms & conditions apply.
Special Micro Programmes
TABUNG USAHAWAN SISWAZAH (TUS) - Graduate Entrepreneurs Fund
This special scheme encourages university graduates to become entrepreneurs in specific sectors. The scheme also includes an incubator programme (Program Inkubator Usahawan Siswazah or PIUS) to support the business planning and knowledge needs of these young entrepreneurs.
SKIM PEMBIAYAAN EKONOMI DESA (SPED) - Cottage Economy Funding Scheme
Funded by the Ministry of Rural Development, this programme offers entrepreneurs funding for small businesses in the rural areas.
SKIM MODAL ASAS (SMA) - Basic Capital Scheme
A program to develop entrepreneurship in the national batik and the handicraft industry, offers credit facilities from RM20,000 to RM250,000.
OTHER MICRO PROGRAMMES
The SME Bank also works with other partners who are already involved in SME funding and development to support Micro-business development. The Micro partnership programmes ensure that these businesses are given effective support by the different organisations serving start-up businesses.
