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FINANCING SCHEME

Jumpstart Financing (JSF)

Provider

Malaysian Industrial Development Finance Berhad (MIDF)

Objective

  1.  To support the continuity of businesses that have just emerged from the Covid-19 crisis, by meeting their financing requirements in conjunction with the reopening of the economy;
  2. To provide businesses with financing to jumpstart their businesses when the economy reopens or recovers on accommodative terms; and
  3.  To facilitate lending to businesses which would otherwise not be able to secure commercial loans due to their high credit risk.

Funding Amount

Minimum: RM50,000.00
Maximum: RM500,000.00

Note:
i. The maximum limit is per company
ii. Limit per Group of Related Companies is RM1,000,000.

Claim Method

Payment direct to applicants

Purpose of Financing

CAPEX/ Working Capital

Eligibility

  1.  An SME or non-SME duly registered with SSM or Professional Regulatory Bodies;
  2. At least sixty per cent (60%) equity held by Malaysians;
  3.  An existing business whose during the pandemic (i.e. post March 2020) average monthly revenue over any 6-month period has fallen by at least 30% compared to its average monthly revenue during the 6-month period prior to the pandemic; OR
  4. The business was closed for a period or periods of 3 months in aggregate since 18 March 2020;
  5. The business is viable and the financing is meant to restart business.
  • Services sectors
    Priority to the sub-sectors that have been adversely impacted e.g., petrol stations, tourism which includes hotels, travel agents and transportation (express busses),construction etc.
  • Open to new customers and existing affected MIDF customers in this sector.

Scope of Funding

Working Capital 
i. Operational expenses or purchase of raw material/ consumable items;
ii. Any other short term expenses; and
iii. Legal Fee /Documentation fee and SJPP/CGC fee shall be deducted from financing amount.

Application Procedure

Fill the form to get the application procedure link

  • MIDF Business Advisory
  • 1300-888-6433

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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Financing Centre Survey Form

Thank you for visiting our Financing Centre page in the I-OGSE Portal

We would like to obtain your feedback on the challenge concerning access to finance to enhance our understanding of companies’ needs and how MPRC can assist to address the challenges.

Your response would be highly appreciated.