PG Signing with Alliance Bank
Alliance Bank and CGC entered into an agreement to provide fast and simple financing to help Malaysian SMEs accelerate growth on Friday 20 September 2019 at Hotel Stripes Kuala Lumpur. Through CGC’s Portfolio Guarantee Scheme, Alliance Bank can help eligible SMEs that lack adequate collateral or credit track record, obtain hassle-free, working capital financing to grow their businesses. The process requires minimal documentation and CGC covers up to 70 per cent of the principal financing amount on a portfolio basis. The financing amount is for a minimum of RM100,000 and a maximum of RM1 million per SME account, with financing tenure of up to seven years. Malaysian-owned business establishments in the country of at least three years are eligible to apply for Alliance Bank-CGC Portfolio Guarantee Scheme.