Monday, 21 August 2017, 28 Zulkaedah 1438H Solat Time:
KL Imsak 5:43 | Subuh 5:53 | Syuruk 7:09 | Zohor 1:19 | Asar 4:33 | Maghrib 7:25 | Isyak 8:35

Working Capital Guarantee Scheme (WCGS)


Objective
  • To assist Small and Medium Enterprises (SMEs) under all sectors to gain access to financing.
Eligibility Criteria
  • SME companies incorporated under Companies Act 1965 with at least 51% shares held by Malaysian.
  • Shareholder fund of not more than RM 20.0 million based on their latest audited accounts of not more that 18 months prior to date of application.

SME Definition

  • Manufacturing: Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers.
  • Services and other sectors: Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.
Purpose of Financing
  • Working Capital Financing
  • Capital Expense (CAPEX) Financing

(shall not be used to refinance existing facilities)

Financing Limit
  • Minimum: RM100,000
  • Maximum: Aggregate financing of RM5.0 million only per company
Financing Tenure
  • Up to 5 years but shall not exceed 31st December 2020, whichever is earlier
Guarantee Cover
  • 70% guarantee cover on financing facility amount
Guarantee Fee
  • 1.0% p.a. on the guarantee cover payable upfront annually in advance (subject to minimum of RM1,000).
Scheme Availability Period
  • 1st January 2016 up to 31st December 2018 or upon approval of RM2.0 billion, whichever is earlier.

 

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