BizMula-i is a direct financing scheme to cater specifically for businesses less than 4 years in operations utilising the BNM’s Fund for Small and Medium Enterprises (SMEs) – All Economic Sectors (other than SMEs in the Primary Agriculture Sector and Micro Enterprises).
The funds are designed to facilitate greater access to financing for viable SMEs.
Purpose of Financing
- Working capital; and/or
- Asset acquisition (e.g. purchase of machinery and equipment)
Financing should not be used for:
- Purchase of shares;
- Refinancing of existing credit/financing facilities;
- Purchase of land/real estate investment;
- Purchase of business properties;
- Property development;
- Investment by investment holding companies;
- Activities where the stock in trade is money (including credit, leasing, factoring and insurance businesses);
- Gambling, alcohol, tobacco or other similar type of activities and products; and
- Shari’ah non-compliant business activities.
- Meet National SME Development Council’s (NSDC) SME definition (for details, please click here);
- Must be a Malaysian-controlled and Malaysian-owned (at least 51% shareholding) company or business and must reside in Malaysia;
- Business has been registered and/ or in operations for less than 4 years;
- Key decision maker’s age must be at least 21 years old at the point of application and maximum of 60 years old upon full settlement;
- Business is registered with Companies Commission of Malaysia (SSM); or authorities/district offices in Sabah and Sarawak; or statutory bodies for professional service providers;
- Maximum shareholders’ funds not exceeding RM5 million;
- Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%.
- Minimum – RM30,000
- Maximum – RM300,000
Type of Facility
- Term Financing only
- Effective Profit Rate: *BNM Funding Rate at 1.50% (as at 19th June 2017) + 6.50% p.a.
- Ceiling Profit Rate: 12.00% p.a.
* BNM Funding Rate may be subject to change at the discretion of BNM.
- Up to 5 years
- Application form is available at all CGC’s branches or Click here to download Application Form.
- The complete application form together with all supporting documents can be submitted to any CGC branches.