In Malaysia, micro and small business loans have become a crucial tool for entrepreneurs and businesses looking to expand their operations. The BSN Micro and BSN Microplus programs are designed specifically to help small enterprises that may face challenges in accessing traditional financing. These loans provide essential capital for various industries, including manufacturing, services, retail, and wholesale sectors. The loan amount offered under these schemes can vary, allowing entrepreneurs to choose the financing option that best suits their business needs. The financing period is also flexible, offering terms that accommodate the cash flow requirements of small businesses.
To qualify for a micro and small business loan:
BSN's micro and small business loan options cater to businesses in Malaysia that meet certain criteria, including having a viable business model and being in operation for a specific duration. To qualify for a micro and small business loan, applicants must meet the following requirements,
Micro loans are open for Micro enterprises (Sole Proprietorship / Partnership / Limited Liability Partnership / Private Limited) and all types of business sectors.
Self-employed including professionals (Accountant, Doctor, Lawyer).
Business registered with Companies Commission of Malaysia (CCM)/ Local Authority (LA)/ Professional Body/ Agency (for professionals only).
Business has been in operation for at least 6 months.
Malaysian citizen aged between 18 and 60 years.
Fixed rate: 4.00% per annum
Loan Limit from RM5,000 - Upto RM50,000.00
The loan application process is streamlined, enabling entrepreneurs to apply for financing through SMI FUNDING's Loan Expert making it easier for small business owners to access funds without any issues. SMI FUNDING's consultant role is like a protected shield to save client from any inconveniences.
Characteristics of MICROPLUS-i PKBC
|
Financing Period: 1 - 7 years
Financing Amount: RM50,001 up to RM150,000
Shariah Concept Tawarruq (Murabahah Commodity) involves two sales and purchase contracts. The first contract involves the sale of an asset by the seller to the buyer on a deferential basis. Subsequently, the buyer of the first sale transaction will sell the same asset to a third party in cash and spot. |
For small business owners in sectors like manufacturing, services, retail, or wholesale, BSN offers a variety of tailored financial products. These include flexible repayment options such as auto debit and bank transfer systems, which ensure that payments can be made conveniently and automatically. Whether a business needs to invest in inventory, purchase equipment, or expand operations, the loan amount provided by BSN Micro and BSN Microplus can be a lifeline for entrepreneurs. By offering both short-term and longer-term financing periods, BSN aims to cater to the different needs of small businesses, supporting them throughout their growth journey.
In addition to traditional financing options, BSN's BSN Micro and BSN Microplus products help business owners navigate the complexities of financing in today's market. These loans are designed to help businesses manage cash flow and invest in new opportunities. The loan amount can be adjusted based on the financial health and needs of the business, ensuring that entrepreneurs receive sufficient capital to grow their operations. Whether running a conventional business or a more specialized service, small business owners can rely on BSN's services to support their ambitions for long-term success.
For required documents and other details please contact us now.
コメント