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Name of Scheme Working Capital Guarantee Scheme - Extension (“WCGS-E”)
Scheme Limit RM2.0 billion (on a revolving basis until expiry of the Scheme)
Objective To assist Small Medium Enterprise (“SMEs”) to gain access to financing
Eligibility SMEs companies across all sectors incorporated under the Companies Act 1965 with at least 51% shares held by Malaysian and shareholders’ fund of less than RM20.0 million
Financing Limits Minimum: RM100,000

Maximum: Aggregate financing of RM5.0 million per company
Purpose of Financing The facility is to be used for working capital requirements as well as for capital expense (CAPEX). The facility cannot be used to refinance existing facility granted by the same or other participating Financial Institutions (“FIs”)

The participating FIs and/or SJPP will be responsible for determining the genuineness of the Borrower based on their respective credit evaluation procedures
Interest /Profit Rate/Commission/Fees

Determined by participating FIs

Source of Funds From the participating FIs
Guarantee Coverage 70% guarantee to the financing obtained from the participating FIs (including principal and interest) by the Government of Malaysia
Guarantee Fee 1.0 % per annum payable upfront
Type of Facility Term Loan/Term Financing, Overdraft, Trade Facility
Tenure of Financing Facility/Guarantee Tenure Up to nine (9) years or until 31 December 2025, whichever is earlier
Availability/Application Period Opened from 1 January 2016 or upon full utilisation of financing limit up to RM2.0 billion only, whichever is earlier
Participating Financial Institutions Open to all Commercial Banks, Islamic Banks and Development Financial Institutions under the purview of Bank Negara Malaysia