KUALA LUMPUR: While there are opportunities that entrepreneurs and small and medium enterprises (SMEs) can tap into even during the Covid-19 pandemic, they must also learn to leverage on the strengths of business partners in the ecosystem for the best chance of success.
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President and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said the financing scheme is aimed to assist ambitious start-up entrepreneurs. KUALA LUMPUR: Affin Bank Bhd has introduced its second tranche of the BizDana-i Start-Up financing scheme with an allocation of RM20 million, up from RM15 million allocated in October last year.
President and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said the financing scheme is aimed to assist ambitious start-up entrepreneurs who have feasible projects with promising business plans by providing working capital to help expand their business operation and support growth. Up to RM300,000 in financing and repayment tenure of up to 84 months are available for eligible start-ups. Registration is open from June 14, 2021,” he said in a statement today.
Credit Guarantee Corporation Malaysia Bhd (CGC) will continue to offer its guarantee and repayment assistance to support micro, small and medium enterprises (MSMEs) whose businesses are expected to be further impacted by the full lockdown nationwide from June 1.
CGC president/chief executive officer Datuk Mohd Zamree Mohd Ishak
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) and Standard Chartered Malaysia have launched a RM70 million financial tranche to provide small and medium enterprises (SMEs) with working capital, bringing the total amount of tranches jointly launched by both parties to RM1.71 billion.
Standard Chartered is also the highest contributor among foreign banks in terms of SME financing in Malaysia.
In a joint statement, the companies said under a Portfolio Guarantee (PG) agreement, the financing facility is expected to help ease the burdens of SMEs and sustain their business as they recover from the effects of the pandemic.