Terry KS AmBank Group and Credit Guarantee Corporation Malaysia Bhd (CGC) have extended their financing facilities by RM400 million under the SME Portfolio Guarantee Scheme, to support local micro, small & medium enterprises (MSMEs), especially those in e-commerce. This will benefit around 800 businesses, and eligible SMEs can apply for financing facilities of up to RM1 million with repayment tenure of up to seven years, where 70% of the principal financing amount will be guaranteed by CGC and approved within one day. The scheme has reached a total of RM3 billion, benefiting over 4,000 SMEs since its launch in 2016.
16 March 2023
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