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Matching Grant and Soft Loan

SME CORP and SME Bank
Business Scale-Up Programme (Biz-Up Programme)

Business Scale-up Programme

Small and Medium Enterprise (SME) should take the opportunities to apply for the matching grant up to RM400,000 and soft loan up to RM1,000,000 to scale up their business. Applications are open from 1 October 2020 to 31 October 2020.

Financing offering by SMEcorp and SME Bank:

  • Matching Grant
  • Soft loan

Criteria:

  • SME Status Certification. Refer to https://chengco.com.my/wp/2020/04/21/cheng-co-smecorp-update/
  • Annual sales turnover exceeds RM300,000 per year.
  • At least 60% local equity
  • Valid Business Premises Licenses from Local Authorities
  • At least six months in operations
  • Undergo SCORE/M-CORE Assessment
  • Limited to SMEs in sectors related to:

▪ Industry 4.0/ Automation/ Digitalisation
▪ Logistic
▪ Retail/Warehouse
▪ Smart Cities
▪ Agarwood/Swiftlets

Image from SME Corp 

Image from SME Corp and SME Bank

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Matching Grant and Soft Loan

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