Tuesday 21 June 2016

DIRECT FINANCING FOR MALAYSIAN INDIAN BUSINESS BY CGC


DIRECT FINANCING FOR MALAYSIAN INDIAN BUSINESS BY CGC

TYPE OF FINANCING AVAILABLE :

Enhancer Excel - Which allows an applicant to apply for Credit Facility directly through the Corporation’s branches nationwide.

Criteria

           Company must be at least 51% Malaysian-owned and Malaysian-controlled businesses.  

Minimum number of years in operation must be ONE (1) year for all constitutions and to be complemented with a requirement of key person having at least THREE (3) years experience in similar industry inclusive of the current business.

Company must be a legitimate business entity either Sole-Proprietorship, Partnership, or Private Limited Company.

Key person (Managing Director / Principal Partner / Proprietor) age must be more than 25 years and less than 65 years at point of application.

Bizwanita

Which allows woman/ women applicant to apply for financing for their businesses directly through the Corporation’s branches nationwide. The introduction of this scheme is to further enhance access to financing for all types of businesses owned/ managed or has a workforce predominantly by women as a support to women entrepreneurs, managers and workforce to propel economy development.

         Company or Business (not listed as high risk sectors identified by the Risk Management Department (RMD)) has been in operations for any number of years (not confined to any minimum nor maximum number of years). Customer is to have a minimum of 2 years prior experience in managing a business of similar nature is preferred but not a mandatory requirement and is dependent on the industries’ norms (if any). If the owner and/ or major shareholders does not have the required minimum years of experience, the key staff(s) should have the needed minimum 2 years of experience.


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