MBSB Bank Berhad (MBSB Bank) now offers M-Government Guarantee Scheme (M-GGS) to Small, Medium Enterprises (SMEs) as well as Mid-Sized Companies (MSCs).
M-GGS is a government guarantee scheme which is established through an agreement with Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) that aims at enhancing the development agenda of SMEs and MSCs as well as assisting them in managing the working capital and investing in capital expenditure to revitalise and to grow their businesses.
SMEs and MSCs can benefit from the attractive offerings by M-GGS such as the low payment against the guarantee coverage amount at 0.75%, 10 year financing tenure as well as financing up to RM20 million per company.
MBSB Bank’s GCEO, Datuk Nor Azam M. Taib said, “Apart from M-GGS, MBSB Bank also offers Working Capital Guarantee Scheme (WCGS) to selected SMEs and MSCs especially for those involved in food production and exports. MBSB Bank also has existing financing programmes suited for SMEs and MSCs such as Equipment Financing-i, Term Financing-i, Cashline-i, Revolving Credit-i, Bank Guarantee-i, Contract Financing-i as well as M TRADE.”
