AmBank Partners with CGC to Help MSME

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

Author: Terry KS

Share This Post On