This is a financial loan for those starting an SME company in Manufacturing and Manufacturing-Related Services (MRS) in Malaysia. Amount of loan disposal will depend on the size of the SME, either Micro, Small or Medium. The main criteria for the loan is the viability of the business idea and how the idea can turn into a profitable business operation. Financing limit: up to RM10 million, subject to terms and conditions.
Buying or getting a franchise right does not require a small amount. The good thing is that, franchise is a very robust system that often gives you very healthy return if the business is run properly and gets all the attention and guidance needed from the Master Franchisor. The challenge here is hence to get the capital, and this is where SME Bank comes again with business loan tailored into a franchise business. Financing limit is up to RM3 million, subject to terms and conditions.
SME Professional loan is here to cater for the growing services sector in the country. As you can see from the article: 10 Top Industries and Sectors to Work in Malaysia 2008, service is now the biggest sector in the country, overtaking manufacturing sector which has been dominating for the past few years. Financing limit for the loan is up to RM10 million, subject to terms and conditions. The financing assistance is aimed to encourage those who plan to set up their businesses to become the first mover and take advantage of the high demands in the sector.
With maximum limit of RM50 million, the SME Procurement financial loan will enable OEMs (Original Equipment Manufacturers) or service providers/vendors to other big or multinational corporations to keep themselves competitive in the challenging industry. Large orders will require large capital investment and commitment and here is where the SME Procurement can help the business. The loan also allows the company to upgrade equipment, add manpower, improve service and generally grow the business.
The SME Global loan facility is for those ambitious Malaysia companies that wish to expand their operation overseas and abroad. Sometimes this is imperative as challenging the competition may mean going global, which is also part of the Malaysia 9th plan. The loan accommodates companies which are mainly in the export-oriented activities, with up to RM50 million loan available.
Other posts you may want to read:
- Buying a Franchise: 10 Questions
- SMEs Urged To Utilize Business Loans
- Difficult For SMEs to Get Bank Loans Now
- Slight Redefinition of SMEs
- 5 Advantages of Franchise
- How SME Bank Can Help You
- Tax Incentives for Aerospace Industry
- McDonald’s Loses War against McCurry
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13 comments ↓
[...] plays a role as a financial institution for Malaysia entrepreneurs. Currently, the bank offers 5 types of financial loans, as well as other complementary services, which also include business advisory and consultancy. [...]
if i need for business loan what i need 2 bring.. pls explain..
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malarispary reply on January 26th, 2010:
i want to open a business so what kind of loan i will get?
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what kind of loan i should get to open for a new bussness?
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I would like to start up a Small business, but still lack of capital. Is there any way can get a loan from bank? Thanks.
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I have applied for sme loan last november 2009 but until to date i haven’t received any answer.
Is there any other loan i can apply, I am dealing with collecting rubbish from hotel and shopping compleks.
Kindly let me know is there any other scheme I can apply.
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Good Day to you,
i am in the midst of setting up a maids agency. However i am being bogged down by this bankers guarantee which needs to be submitted in applying for the licence. Will my application for the bankers garantee be denied due to past records even thou i have paid the bank completely. Pls let me know as soon as possible. i am worried that this will be a barrier to my venture for which i have confidence that it will be a success.
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[...] plays a role as a financial institution for Malaysia entrepreneurs. Currently, the bank offers 5 types of financial loans, as well as other complementary services, which also include business advisory and consultancy. [...]
what kind of loan i should get to open for a new bussness? Pls advice.
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can i check,i have open a travel agency in selangor i would like to apply loan open a office where and who should I contact.
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Dear sir,
I have started my business since year 2006 on on oil and gas heat treatment services. I need working capital to expand my business. pls advise me what type of loan should i apply and how to appl?
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Im going to stard a bridal, barber shop and tailoring. pls advice me what type of stard up loan should i apply n how to apply.
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I have just been been awarded a project and would like to know if I could get financing from a bank or a financial institution. Could some give some advice on this.
Thanks and Regards.
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