MySMEBina is a financing programme for construction and infrastructure projects awarded by Federal Government, State Government, Government Link Companies (GLCs) and its subsidiaries.
Purpose
- Working Capital
- Bank Guarantee
Eligibility
- SMEs with good credit records
- Obtained contract of construction, civil, mechanical, engineering, landscaping and other simple contract
- Contract awarder must be Federal Government, State Government, Government agencies, GLCs and its subsidiaries
- Contract tenure not more than 18 months.
Financing Concept
- Revolving Credit-i
- Kafalah Bank Guarantee (BG)
Margin of Financing
| Revolving Credit |
Up to 100% of contract cost. |
| BG |
As per requirements by contract awarder |
Financing Tenure
| Revolving Credit |
Up to 18 months |
| BG fee |
As per requirement by contract awarder |
Profit Rate
| Revolving Credit |
1.5% p.m |
| BG Fee |
0.125 p.m |
Collateral
- 5% cash collateral for working capital
- 20% cash collateral for BG
- Assignment of contract proceeds
- Built-up sinking fund from contract proceeds
- Joint and several guarantees of directors/shareholders
Download MySMEBina
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Product Disclosure Sheet
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For further inquiries, please contact any of our Enterprise Centres / Business Centres.
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