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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