Applicant must be a Bumiputera entrepreneur or a Bumiputera enterprise which is wholly owned (100%) by Bumiputera;
Applicant must have a project/contract secured from government, government bodies and agencies, statutory bodies and government owned companies;
Project / contract secured from private companies that fulfills the following criteria are also eligible:-
a. The contract awarder has strong financial standing with Net Shareholders’ Fund of at least RM20.0 million;
b. Has been in operations for not less than three (3) years;
c. No losses recorded in the last three (3) years.
Applicant is encouraged to be member of any one of the following trade associations: Dewan Perniagaan Melayu Malaysia (DPMM), PERDASAMA, USAHANITA, Dewan Usahawan Muda Bumiputera and / or other bodies acknowledged by CGC;
For contractors, applicant must be registered with Pusat Khidmat Kontraktor (PKK) and not blacklisted by PKK;
There must be no other credit facilities granted by other FIs to finance the same project / contract.
Maximum Financing Amount
Up to RM3.0 million for first time application and up to RM5.0 million for subsequent applications;
For subsequent financing application of more than RM3.0 million and up to RM5.0 million, the following criteria is applicable:-
i. Net Shareholders’ Fund of not less than RM1.0 million;
ii. Gearing Ratio of not more than five (5) times;
iii. Having good track record with CGC; and
iv. Contract awarder with good performance record.
For food/catering businesses, maximum financing is limited to RM750,000.00.
For partnership and sole-proprietorship, maximum financing is limited to RM500,000.00.
Types of Facility
Term Financing; and Revolving Financing
No guarantee fee shall be charged under this scheme.
1. First time financing 5.0% per annum.
2. Subsequent financing. BFR* Maybank Islamic + 1.0% per annum.
*BFR- Base Financing Rate.
Maximum of five (5) years or the contract duration or the funding requirement period, whichever is earlier.
Application form is available at:-
• All CGC’s branches; or
• CGC website.