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SME Bank targets modest loan growth as SMEs in Malaysia take a beating due to Covid-19 | Money

SME Bank targets modest loan growth as SMEs in Malaysia take a beating due to Covid-19 | Money
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SME Bank applies for additional RM200m Targeted Relief and Recovery Facility fund | Money

KUALA LUMPUR, June 2 SME Bank has submitted an application to Bank Negara Malaysia for an additional RM200 million fund through the Targeted Relief and Recovery Facility (TRRF) in conjunction with the financial aid announced by the government under the RM40 billion Pemerkasa Plus stimulus.

SME Bank launches RM300mil financing scheme to help micro, small enterprises

KUALA LUMPUR: SME Bank has allocated RM300 million through its Lestari Bumi Financing Scheme to help develop micro and small entrepreneurs to enable them to increase production capacity, expand market access, and be more competitive to ensure business sustainability. Group president and chief executive officer Aria Putera Ismail said the scheme was part of several initiatives announced by the government in Budget 2021. Through this scheme, entrepreneurs can apply for working capital and purchase of assets with total financing ranging from RM100,000 to RM750,000. The scheme enables entrepreneurs to receive more structured assistance according to their business needs and gain access to more effective and organised training and coaching programmes from Centre for Entrepreneur Development and Research Sdn Bhd, a wholly-owned subsidiary of SME Bank, he said in a statement today.

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