Goal: To support Malaysian microbusinesses financially and provide them more authority so they can expand and succeed.
To assist microbusinesses in growing their markets and increasing their capability
To view complete information please visit here
Qualifications for an MBF loan:
SME Corp. Malaysia certified the company as a micro enterprise under the MSME Status Certification. [Status of MSME] [Definition of MSME]
Microbusinesses that are SSM, Local Authorities, Agencies, and Professional Bodies registered
60% or more of the shareholding is owned by Malaysians
Holding a current business license that was granted by the local government
A minimum of 24 months of operation
Owners of businesses who are 55 years of age or older must give a second guarantee who will act as the company's successor.
SECTORS APPLIED:
All economic sectors are eligible for MBF loans, with the exception of primary agriculture, finance, insurance, real estate, and securities trading.
IMPORTANT FACTS:
Financing Amount | RM50,000 – RM200,000 |
Financing Rate | 2.0% per annum |
Financing Tenure | Up to maximum of 5 years and 6 months grace period |
Margin of Financing | Up to 100% of the total costs (as per eligible items). |
ACCEPTABLE PRODUCTS/ITEMS:
Purchasing raw materials, stock, inventory, and consumables with working capital
IT hardware and software acquisition or leasing (including licensing and subscription fees)
Buying or leasing small gear or equipment refurbishment of commercial space, including acquisition of furniture and fittings
Operational expenses (OPEX) include rent, utilities, salaries, and other costs.
IMPORTANT POINT:
Micro, small, and micro enterprises (MSMEs) are a lucrative and dynamic segment of Malaysia's growing economy. Micro, small, and medium-sized enterprises (MSMEs) have increased significantly in Malaysia over the years due to an increase in the number of people who prefer to work for themselves.
A subset of tiny SMEs, micro SMEs can expand in various industries, the most common being manufacturing, services (such dining establishments and lodging), primary agricultural, construction, mining, and quarrying.
To view complete information please visit here
Searching for fun, I found the pokie net. It exceeded all expectations! Not only did I have a great time, but I also hit some big wins! It’s the perfect place to unwind and earn some extra money while playing.