Startup vs Covid-19

Moratorium on Loan/Financing Repayment
  • For individuals and small and medium enterprises (SMEs), the deferment in conventional loans or Islamic financing repayment obligations (except credit cards) are automatically effected by banks and development financial institutions (DFIs) if they meet these criteria:

    • loan/financing are not in arrears exceeding 90 days as at 1 April 2020; and

    • is denominated in Malaysian Ringgit.

  • The package also applies to newly approved/ disbursed loans (all loans outstanding as at 1 April) Besides small businesses.

  • The loan deferment offering is also available for those working in the tourism industry.

Special Relief Facility
  • RM2 billion worth in loans

  • For small and medium-sized enterprises (SMEs).

  • To alleviate short-term cash flow problems faced by SMEs adversely affected by the COVID-19 outbreak

  • The funds will be distributed through commercial banks at an interest rate capped at 3.75 percent per annum.

  • Each SME will be eligible to receive up to 1 million ringgit with a tenure of 5.5 years.

  • This includes a 6-months payment moratorium.

  • The government will provide banks with an 80 percent guarantee on the loans.

  • Available from 6 March 2020 to 31 December 2020

SME Automation and Digitalisation Facility
  • RM300 million available as loans

  • For SMEs

  • To automate processes and digitalise operations to increase productivity and efficiency

  • Interest rate 4% per annum.

  • for a maximum tenure up to 10 years.

  • The financing can be used to help purchase hardware, software, and other IT solutions and services, in addition to equipment and machinery

  • Available from 6 March 2020 to 31 Dec 2020

Agrofood Facility
  • RM1 billion in loans.

  • For Malaysian SMEs

  • To increase food production for Malaysia and for export purposes

  • Interest rate capped at 3.75% per annum (inclusive of any guarantee fee)

  • Each eligible SME is able to receive RM5 million with a tenure of 8 years maximum.

  • Available from 6 march 2020 onwards

  • The government will also allocate RM40 million to help SMEs in the agriculture sector. This fund will be used to enable SMEs to sell their products on e-commerce platforms and therefore to a larger pool of consumers.

More Details
 
BizJamin-i SRF Scheme
  • BizJamin-i SRF is a guarantee scheme to alleviate short-term cash flow problems faced by SMEs affected by the COVID-19 outbreak

  • Working capital

    • Note: Financing should not be used for refinancing of existing financing facilities

  • Term Financing

  • Up to RM1.0 million per SME

  • Up to 3.5% per annum (inclusive of any guarantee fee)

  • Maximum 5.5 years, including 6 months moratorium on principal and profit

  • 80% guarantee on financing amount by Credit Guarantee Corporation Malaysia Berhad (CGC)

  • 0.50% per annum

  • No collateral is required

  • Licensed Islamic banks and Prescribed Development Financial Institutions

  • 6 March 2020 until 31 December 2020 or upon exhaustion of allocation, whichever is earlier.

BizBina-i
  • BizBina-i is a direct financing scheme that is catered specifically for businesses that are affected by COVID-19 pandemic

  • Working Capital

    • Note: Financing should not be used for refinancing of existing financing facilities

  • Financing Amount: Minimum: RM20,000 Maximum: RM200,000

  • Term Financing

  • 3.50% per annum

  • Up to 5 years and 6 months (including a moratorium period of 6 months on both principal and profit)

BizWanita-i
  • BizWanita-i is a direct financing scheme to cater specifically for women entrepreneurs that business is less than 4 years in operations utilising the BNM’s Fund for SMEs – All Economic Sectors (AES) Facility.

  • The funds are designed to facilitate greater access to financing for viable SMEs.

More Details
 
Special Relief Facility

Special Relief Facility-i (SRF) is a financing facility offered to Small Medium Enterprise (SME) whose businesses are impacted by COVID -19 outbreak.

  • Micro enterprises whose businesses are impacted by the COVID-19 outbreak.

  • Malaysian owned business.

  • Registered with Suruhanjaya Syarikat Malaysia (SSM) or Local Authority (LA).

  • Purpose of Financing: Working Capital (Note: Financing should not be used for refinancing of existing facilities.)

  • Financing Amount: Up to RM50,000.

  • Financing Tenure: Up to 5.5 years including a moratorium period of 6 months on monthly instalment.

  • 3.50% p.a.

More Details
Special Relief Facility
  • Financing is maximum up to RM1.0 million per entrepreneur for working capital purposes.

  • The SRF is offered beginning 6 March 2020 until 31 December 2020.

  • The financing tenure is up to for 5.5 years.

  • Competitive profit rate of 3.5% per annum, including guarantee fee (if any).

  • This financing can be guaranteed by Credit Guarantee Corporation Malaysia Berhad (CGC) or Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP).

More Details
 
Special Relief Facility
  • Small Medium Enterprise (SME)

  • 3.50% p.a

  • Financing amount up to RM1 million

  • Financing Tenure: Up to 5.5 years including a moratorium period of 6 months on monthly instalment.

  • The SRF is offered beginning 6 March 2020 until 31 December 2020.

Automatic Moratorium
  • Temporary deferment or suspension of financing payment

  • Small Medium Enterprise (SME)

More Details
 
Skim Pembiayaan Pemulihan Perniagaan Sektor Mikro (CBRM)
  • Skim Pembiayaan Pemulihan Perniagaan Sektor Mikro TEKUN Nasional (CBRM) ialah skim pembiayaan mikro bagi usahawan yang terjejas kesan daripada wabak COVID-19 untuk memulih dan memulakan semula perniagaan sedia ada. READ MORE

Pengeluaran Penuh Simpanan Usahawan
  • Usahawan dibenarkan dengan pengecualian khas untuk mengeluarkan keseluruhan simpanan. Muat Turun soalan lazim mengenai pengeluaran simpanan TEKUN semasa Perintah Kawalan Pergerakan (PKP). READ MORE

Penangguhan Bayaran Balik Pembiayaan
  • Penangguhan automatik pembayaran balik pembiayaan selama enam bulan untuk membantu usahawan yang terjejas dengan wabak Covid-19. READ MORE

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Meet Your Match Malaysia
  • In light of the COVID-19 Pandemic, getting through these uncertain times is a major worry for startups and access to investor is the biggest challenge that they will have to contend with. In response to this, KK Fund, the Singapore-headquartered venture capital fund is partnering with MDEC & BEAMSTART to launch and power the "Meet your Match Malaysia" initiative where Malaysian-based startups will be matched with investors during this COVID-19 pandemic.

  • This initiative will provide a much-needed avenue of funding for many Malaysian-based startups and it has already signed on more than 70 investors to participate and support the Malaysian startup ecosystem.

  • Apply before 21 May 2020

More Details
 
Technology Start-Ups Funding Relief Facility

MDV with support from Ministry of Science Technology & Innovation and Ministry of Finance is offering up to RM100 million allocation for the Technology Start-ups Funding Relief Facility (TSFRF). 

  • Purpose of Financing: Working Capital & Business Expansion

  • Facility Type: Cashline with semi-annual roll-over

  • Financing Rate: Up to 3.50% p.a.

  • Financing Tenure: Up to five (5) years subject to annual review

  • Financing Limit: Up to RM2.5million.

  • Warrant Cover: Up to 10% of financing limit at last funding round equity price

  • Security*: Personal guarantee and debenture

  • Fees & Cost*: No additional fees and costs. Legal fees can be drawn down from the facility

More Details
 

New Entrepreneurs Foundation (1023132-X)

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No 1, Jalan PJU 5/1
Kota Damansara
47810 Petaling Jaya Selangor,

Malaysia

Telephone No: +603-6145 0937

E-Mail: admin@myNEF.com

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