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Soft Loan Scheme for Factory Relocation
Scope
Provides assistance for SMEs, including graduates of rehabilitation and incubation to open/relocate/ expand their business through acquisition of factory/business premises.
Eligibility
SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956.
Subsidiaries of public-listed companies with shareholding not exceeding 20 per cent.
At least 60 per cent equity held by Malaysians.
Companies to be located at approved location without having to close down the existing operation/premise.
Loan Size
Minimum : RM50,000
Maximum :1.5 million
Eligible Expenses
Purchase of ready-made factories / business premises;
Purchase of factory lot and construction of factories including related infrastructure; and
Purchase of related machinery and equipment due to relocation / expansion.
Percentage of Financing
Up to 85 per cent of the cost of eligible items (90 per cent for Bumiputera)
Repayment including Grace Period
Up to 15 years including grace period of up to 2 years
Interest Rate
4 % per annum
Securitisation
Charge on the land or building financed.
Debenture on the machinery or equipments financed.
Guarantee by the directors and/or shareholders.
Enquiry
Small and Medium Industries Development
Corporation (SMIDEC)
Aras 20, West Wing, Menara MATRADE
Jalan Khidmat Usaha, Off Jalan Duta
50480 Kuala Lumpur
Tel No: 03-6207 6000
Fax No: 03-6201 6564
E-mail : info@smidec.gov.my
Hotline : 1-300-88-1801
Website www.smidec.gov.my
or
Malaysian Industrial Development
Finance Berhad (MIDF)
Bangunan MIDF, 195A Jalan Tun Razak
P.O. Box 12110
50400 Kuala Lumpur.
Tel : 03-2161 0066 / 2161 1166
Fax: 03-2161 5973 / 2161 3906 / 2161 3908
E-mail: inquiry@midf.com.my
Website: http://www.midf.com.my
Related Web
http://www.smidec.gov.my
http://www.miti.com.my
http://www.mtdc.com.my
Joint us as a member of JUTALINE, you will enjoy the service of a group of our professional consultants in providing you with our professional advise through our web and emails.
Why hassle with the research of the rules and regulations, engage us to conduct on the necessary research just for you.
Join us now!
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