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Overview

Working Capital Guarantee Scheme (WCGS)

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Overview

 

WCGS is a guarantee scheme by the Government of Malaysia to assist small and medium-sized enterprise ("SME") in all sectors and industries to gain access to financing from participating Financial Institutions ("FI")

Maximum Loan Amount 

RM 10 million only

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Loan Term 

Up to 15 years or until 31st December 2035, whichever is earlier

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Interest Rates

Determined by participating financial institutions

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Speed

3 - 4 Weeks

  • Scheme Limit:
    RM27.5 billion (on a revolving basis until expiry of the Scheme)

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  • Tenure of Financing:
    Up to fifteen (15) years or until 31st December 2035, whichever is earlier

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  • Availability/ Application Period:
    From 1st January 2016 and upon full utilization of the Scheme limit of up to RM27.5 billion only or upon expiry of guarantee tenure on 31st December 2035, whichever is earlier

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  • Purpose of Financing:

    • Working Capital

    • Capital Expenditure       

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This guarantee scheme cannot be used to refinance existing facility granted by the same or other participating financial institutions                                                                           

  • Type of Facility:
    Term Loan/ Term Financing, Overdraft/ Cash Line-i, Trade Facilities and Commercial Card

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  • Financing Limit:
    Minimum: RM100,000 only
    Maximum: RM10 million only

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  • Guarantee Coverage:
    70% guarantee of the financing obtained from the participating financial institutions (including principal and interest/ profit) by the Government of Malaysia

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  • Guarantee Fee:
    1% per annum payable upfront

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  • Source of Funds/ Financing Facility:
    From the participating financial institutions

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  • Interest/ Profit Rate:
    Determined by participating financial institutions

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  Reason Why Apply with us

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  1. We same as the Banker, but Banker just represents their bank, they only can help you to apply the loan from their own bank, and we do not belong to any bank.

  2. And most importantly, you save a lot of time and the hassle going from bank to bank and hence, we are the one stop centre for you.

  3. SMI Funding directly using through our network, based on your documents, qualification, nature of business, and other information, find out that which Commercial Bank having higher approval rate chances (Maybank, RHB, Ambank, Standard Chartered & etc) 90% approval rate helped the company successfully get the fund.

  4. Our consultant are commission based, hence they need to work closely with you and the banks until your loan is approved. If not, they won't get a single cent. We charge services charge based on the loan approved. No approval, no commission to be paid. Mean you are gurantee NO RISK

  5. After you’re funded, you and our consultant will work through a plan to get you better lending products in the future. When that time comes, we’ll be there to help you take the next step.

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