CIMB Bank SME Quick Biz Financing

SME

Take your business further with a zero-collateral SME working capital financing facility.

Features

Receive financing up to RM1,000,000

Eligibility

  • Applicable for Malaysian owned SMEs

  • Operating for minimum of 3 years

Government / BNM Schemes Financing

Working Capital Guarantee Scheme

Applicable for SMEs in all sectors with at least 51% shares held and controlled by Malaysian.

Eligibility & Requirements

Applicable for SMEs in all sectors with at least 51% shares held and controlled by Malaysian

  • SMEs must be registered under the Registration of Business Act 1956; or the Companies Act 1965 or 2016; or Limited Liability Partnership Act 2012; or Sabah and Sarawak local authorities and district offices; or statutory bodies that provide professional services

  • Financing is applicable for Working Capital and Capital Expenditure (CAPEX) and cannot be used for refinancing of existing facilities granted by CIMB Bank Berhad or other banks

  • The minimum financing amount is RM100,000.00 and the maximum financing amount is RM10 million

  • Available until the scheme limit of RM27.5 billion is fully utilised, or upon expiry of guarantee on 31 December 2035, whichever is earlier

Flexi Guarantee Schemes

Applicable for Malaysian owned and controlled companies that are categorised as SME by Bank Negara Malaysia

Eligibility & Requirements

Applicable for Malaysian owned and controlled companies that are categorised as SME by Bank Negara Malaysia

  • Any shareholding by public listed companies and government-linked companies in the SMEs shall not exceed 20%

  • Applicable for district offices and statutory bodies that provide professional services, with at least 51% shares held by Malaysians

  • All applications have to be submitted directly to any participating financial institution for evaluation, and then submitted to the Credit Guarantee Corporation for approval

Franchise Financing Scheme

Applicable for Malaysian owned and controlled companies with net assets or shareholders’ funds not exceeding RM1.5 million, and that are categorised as SME

Eligibility & Requirements

Applicable for Malaysian owned and controlled companies with net assets or shareholders’ funds not exceeding RM1.5 million, and that are categorised as SME

  • Any shareholding by public listed companies and government-linked companies in the SMEs shall not exceed 20%

  • Borrowers should not have any adverse record in respect of borrowing from any other financial institutions or other agencies

  • The maximum financing amount is RM7.5 million

SME - All Economic Sectors

Applicable for Malaysian companies and for individual Malaysian residents holding at least 51% shareholding in the SME

Eligibility & Requirements

Applicable for Malaysian companies and for individual Malaysian residents holding at least 51% shareholding in the SME

  • Any shareholding by public listed companies and government-linked companies in the SMEs shall not exceed 20%

  • The fund shall only be used for working capital and/or capital expenditure, such as for purchasing of machinery and equipment, or for the renovation cost for owner occupied business premises

  • Financing tenure shall not exceed 5 years from the date of the first drawdown

  • SMEs must be registered with the Companies Commission of Malaysia, authorities or district offices in Sabah and Sarawak, or statutory bodies for professional service providers

https://www.cimb.com.my/en/business/home.html

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