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FINANCING SCHEME

Business Accelerator Programme (BAP)

Provider

SME Corporation

Objective

Business Accelerator Programme (BAP) is undertaken by SME Corp. Malaysia with the aim to provide agile access to financing for Micro, Small and Medium Enterprises (MSMEs) via a digital platform.

Funding Amount

  1. Financing Amount up to RM400,000
  2. Profit Rate up to 3.5% per annum
  3. Eligible companies may receive a rebate or grant of up to 40%.*
  4. Financing tenure: of up to 36 months

*Subject to the terms & conditions of SME Corp. Malaysia

Applications Document

  • Applicant’s Identification (I/C) Front & Back
  • Guarantor’s Identification (I/C) Front & Back
  • Current Business Bank Statements
  • Financial Statements (minimum 2 years signed management accounts, from the date of incorporation to the most recent month possible)
  • Business Owner Profile Photo
  • Proof of Business Premises (Photo, live-video, etc)

Purpose of Financing

CAPEX/ Working Capital

Eligibility

  • MSME Companies Registered with the Companies Commission of Malaysia (SSM) under the Companies Act 1965 or 2016, Limited Liability Partnerships Act 2012, or Trade Licensing Ordinance 1948 (Sabah & Sarawak);
  • Have a valid SME Status Certificate;
  • At least 60% local equity;
  • Have a valid business license issued by the Local Authority (PBT);
  • At least 12 months in operations from the application date; and
  • Priority will be given to companies with a good financial track record with financial institutions.

Scope of Funding

  • Raw Materials
  • Operating Expenses (Rental, Salaries & Wages, Utility Payments)
  • Acquisition of Machinery & Equipment
  • ESG (Environment, Social & Governance) Adoption
  • Product Certification
  • Advertising & Promotion
  • ICT Adoption

Application Procedure

Fill the form to get the application procedure link

  • microLEAP
  • +6011-5917 1212/+603-7954 0002 (1212) (2000)

For any enquiries, contact our Administrator

Level 19, MoF Inc. Tower,
9, Persiaran KLCC,
50088 Kuala Lumpur,
Malaysia

+603-86558750

i-ogse@mprc.gov.my

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