Categories Archives

SME Loans / Grants

CIP 500 Grant (Product Commercialisation)

Understanding the need to grow from prototype stage and the need to fill up the great gap that has existed within the technology sphere for a long while – where hundreds of local technopreneurs have managed to boot-strap or secure pre-seed or pre-commercialisation funding for their technology prototypes but have failed to secure funds to help them commercialise their technology applications or intellectual property – Cradle introduced its CIP 500 grant in October 2009. The CIP 500 is the first ...

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Young Entrepreneur Fund (YEF)

Young Entrepreneur Fund (YEF) is a special fund allocated by the Government as part of its continuous strategy of acculturation and creation of new entrepreneurs among Malaysian youth. The purpose of this fund is to provide alternative access to the young entrepreneurs in obtaining financing to start their new business as well as for the needs of their existing business. Financing Concept: Based on Syariah financing concept (e.g. Bai’ Inah, Bai’ Bithaman Ajil, Ijarah, Ijarah Thummal Bai’, Bai’ Istisna’) Purpose ...

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Malaysia SME backs soft loan idea

Malaysia SME, a media company which caters to local small- and medium-sized enterprises (SMEs), yesterday backed the move by SME Corp Malaysia to give out soft loans, instead of grants, to SMEs. It, however, suggested that the interest rates be lower. “I think if it (the rates) could be lower than 4 per cent … maybe 2 to 3 per cent, it will help the SMEs a lot. “Because if you look at the BLR (base lending rate) now, which ...

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Buoyed By Govt Aid, SMEs To Perform Better Next Year, Says MALAYSIA SME CEO

KUALA LUMPUR, Dec 8 (Bernama) — Spurred by the government’s pump-priming initiatives and special incentives, small and medium enterprises (SMEs) are set to perform better next year. The government’s whopping RM67 billion stimulus packages and financial incentive schemes to jump-start ailing SMEs have helped them recoup losses and get on their feet, says MALAYSIA SME Chief Executive Officer Wayne Lim. He said there were more prospects for SMEs to grow next year following positive pointers of global economic recovery and ...

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RM200m loan scheme to spur services sector

Called the Soft Loan Scheme for Services Sector, the fund is managed by Malaysian Industrial Development Finance Bhd (MIDF). MIDF group managing director Datuk Mohd Najib Abdullah said the loan scheme was in line with the government’s emphasis on the services sector. “The RM50 million allocation for soft loans under the previous stimulus package has been fully utilised. Given that the impact from the fund has been positive, the government decided to continue providing soft loans for the services sector,” ...

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New SME loan scheme gets mixed feedback

Observers say CGC’s Enhancer Express loan facility can be improved. A NEW financing scheme for small and medium enterprises (SMEs) has drawn mixed reactions. While observers recognise that the scheme is a good initiative, they say there is room for improvement. Koong … ‘CGC should top up the RM100mil financing amount to benefit more SMEs.’ Credit Guarantee Corp Malaysia Bhd (CGC) has allocated RM100mil of financing for SMEs under a newly-launched credit guarantee scheme called Enhancer Express. The scheme is ...

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Government Funds / Financing Schemes

According to BNM Annual Report 2006, there were 94 Government funds/financing schemes for SMEs with a total allocation of RM25 billion, as at end-2006. Five of these special funds were established by Bank Negara Malaysia with a total allocation of RM11.4 billion. SME BANK SME Bank or Bank Perusahaan Kecil & Sederhana Malaysia Berhad is the result of a merger between Bank Industri & Teknologi Malaysia Bhd and Bank Pembangunan & Infrastruktur Malaysia Bhd (BPIMB). The Bank started its new ...

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Islamic Finance For Businesses

Do you qualify for Islamic finance? You don’t have to be Muslim to be eligible for Islamic finance. Cia Manes, an attorney at law firm Howard Kennedy, looks at how businesses could benefit from a growing pot of money. When considering sources of business funding, applying for Islamic finance may not be the first option that springs to mind. But with Islamic investment vehicles sitting on billions of dollars, mainly from oil and gas returns, it’s an option that businesses ...

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Managing Your Credit Score

On the road to taking care of one New Year’s resolution – getting my financial situation in order – I am happy to report I have improved my FICO credit score in one week by finally accepting that my savings account is actually costing me money (as the interest doesn’t offset my credit card APRs), and consequently committed to putting more into my credit card payments instead of savings until at least three cards are paid off. Making Payments Pay ...

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