Malaysian businesses require adequate cash flow to compete and thrive in today’s economy.
Lack of collateral affects their access to funding from Financial Institutions (“FIs”) and non-banking FIs.
SJPP allows Malaysian businesses to overcome this barrier by providing Government Guarantee Schemes as an alternative solution to their collateral requirements.
2024 Schemes Highlight
As Malaysia still in endemic phase, the Malaysian Government continues to support Malaysian businesses that are facing difficulties in obtaining financing facilities. For 2024, Government Guarantee Scheme MADANI (GGSM), PENJANA Tourism Financing (PTF), and Bus and Taxi Hire Purchase Rehabilitation Scheme (BTHPRS) are open for applications and available from our participating Financial Institutions, Credit Leasing Companies and Cooperatives.
Click each scheme for details.
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What You Need to Know
The Financing Lifeline for Malaysian Businesses in Malaysia
Currently, Malaysian businesses who are in dire need of funding, are experiencing the apprehension of banks and other Financial Institutions (FIs) in approving financing facilities due to the risks and uncertainties in the repayment capabilities of the SMEs and Companies.
This is where Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP), owned by the Ministry of Finance Incorporated stepped in to play a vital role in bridging the gap between the SMEs, MSCs, and the FIs as well as non-banking FIs to support business loans in Malaysia; by providing government guarantee schemes.
Limited access to funding will no longer be an obstacle for SMEs and Companies as their credit facilities can now be guaranteed with the government guarantee schemes, in an effort to spur the business activities of the Malaysian SMEs and MSCs in all industries.
One of the primary government guarantee schemes being offered by SJPP for the year 2023 is Government Guarantee Scheme MADANI (GGSM), an all-encompassing scheme for working capital and capital expenditure. It is eligible for all majority Malaysian owned companies and businesses for all economic sector particularly focusing on 4 sectors; high technology, agriculture, manufacturing, and tourism with annual revenue of not more than RM500 million.
SJPP also offers other government guarantee schemes to support Malaysian businesses, which include PENJANA Tourism Financing Facility (PTF), Working Capital Guarantee Scheme (WCGS) for Start Up, Bumiputera, Export, and Women, Automation & Digital Guarantee Scheme (ADGS), and Bus and Taxi Hire Purchase Rehabilitation Scheme (BTHPRS) all available at participating FIs as well as non-banking FIs.
Business loans in Malaysia are becoming more and more vital to SMEs and companies whereby bank loans and other credit facilities can be perceived as a cash flow lifeline to several industries such as Food and Beverages and retail. The government recognises the need to support businesses that experience a huge drop in income and profit when Malaysia was placed under the Movement Control Order (MCO) in March 2020. SMEs have had to quickly adjust to the implications of the MCO by moving towards a new way of operating, shifting their business strategies and recognising the importance of technology adoption, digitisation and automated process. As such, government business loans and assistance are made available to enable these Malaysian businesses to sustain, adapt, and grow.
Aside from SME and private entrepreneurs, these government-guaranteed credit facilities can also be applied by start-up companies, service providers, manufacturing companies, or even franchise owners. Do take note that while these government guarantee schemes are open to all Malaysian businesses, eligibility criteria as well as other terms and conditions will apply.
Kindly be informed that 2% interest / profit rate rebate for all financing under Working Capital Guarantee Scheme (WCGS), Working Capital Guarantee Scheme – Start Up (WCGS-SU), Working Capital Guarantee Scheme – Bumiputera (WCGS-B), Working Capital Guarantee Scheme – Export (WCGS-X), Working Capital Guarantee Scheme – Women (WCGS-W), Automation & Digital Guarantee Scheme (ADGS), and Government Guarantee Scheme Prihatin (GGS Prihatin) is no longer available.
Syarikat Jaminan Pembiayaan Perniagaan Berhad (851317-W)
Level 12, Bangunan Setia 1,
15 Lorong Dungun, Bukit Damansara
50490 Kuala Lumpur
Phone: +603 2096 5000
Fax: +603 2096 8981