Generally there are three (3) main criterias:

1. The applicant must be an SME company, whereby:
   Non-Manufacturing: Companies with sales turnover not exceeding RM20.0 million OR full-time employees not exceeding 75 workers
   Manufacturing: Companies with sales turnover not exceeding RM50.0 million OR full-time employees not exceeding 200 workers
2. The applicant must be incorporated under:
   • Registration of Business Act 1956
   • Companies Act 1965 or 2016
   • Limited Liability Partnership Act 2012
   • Sabah and Sarawak local authorities and district offices
   • Respective Statutory Bodies for professional service providers
3. The applicant company must be majority owned by Malaysian(s)

Other terms and conditions may apply, depending on the company’s profile and credit assessment by the FI and SJPP.

Yes, you may continue to apply for facility under this scheme as long as your Group financing limit under all schemes managed by SJPP including the GGS-Prihatin application, have not exceeded RM20.0 million.

All interest rates will be determined by the FIs. SJPP does not pre-determine the interest rates.

• You may apply for a financing amount of RM75,000 up to a maximum amount of RM20.0 million. However, your applied amount is subject to not exceeding your aggregate/ combined Group financing limit of RM20.0 million for ALL schemes managed by SJPP, including your GGS-Prihatin application. Group is defined as companies under the same group by way of shareholding (holding 50% or more), directors (providing guarantees) and guarantors related.
• For example, if your Group already has existing financing facilities totaling RM18.0 million under other schemes managed by SJPP, you will only be able to apply for a financing amount of RM2.0 million (i.e. RM20.0 – RM18.0 million) under GGS-Prihatin.

The guarantee fee is calculated depending on the combined group financing limit:

If your aggregate Group financing limit for all schemes managed by SJPP, including GGS-Prihatin application is up to RM10.0 million, the guarantee fee payable is 0.75% per annum on the guaranteed amount under the GGS-Prihatin application.

If your aggregate Group financing limit for all schemes managed by SJPP, including GGS-Prihatin application is above RM10.0 million up to a maximum amount of RM20.0 million, the guarantee fee payable would be 1.0% per annum for the portion that is above RM10.0 million.

Example A: Syarikat Kicap Noor is an existing SJPP borrower for credit facilities of RM1.0 million under Working Capital Guarantee Scheme (WCGS). A new application is made for GGS-Prihatin for credit facilities of RM5.0 million. If approved, the applicable guarantee fee rate would be 0.75% X RM5.0 million X 80% coverage per annum: RM30,000 p.a.

Example B: Keong Seafood Sdn Bhd is an existing SJPP borrower with credit facilities of RM8.0 million under Working Capital Guarantee Scheme (WCGS). A new application is made for GGS-Prihatin for credit facilities of RM5.0 million. The applicable guarantee fee rate to be applied is:

0.75% x RM2.0 million x 80% coverage per annum = RM12,000 p.a.; and

1.0% x RM3.0 million x 80% coverage per annum = RM24,000 p.a., for a total of RM36,000 p.a.