Business Accelerator Programme (BAP)
Objectives
- To assist SMEs in strengthening their core business, building capacity and capability, and facilitating access to financing.
Financing type
LoanFinancing rate
- 4% per annum
Financing tenure
- Working capital – Up to 7 years including grace period
- Purchase of asset – Up to 10 years including grace period
Financing amount (max)
- Up to RM1 million
Purpose of Financing
Working Capital
CAPEX
Eligibility criteria
- Applicant must be in the Small & Medium Enterprise (SME) category.
- Companies/Businesses with qualifying rating of SCORE 2 or higher.
- Company must be at least 60% owned by a Malaysian during the period of financing.
- Full time business operator.
- Companies/Businesses with at least 6 months in operation.
Application procedure
- Applicants can submit complete financing application directly to SME Bank through their branch networks nationwide. For further enquiries & free consultation or details on BAP programme, please contact the Bank’s Customer Service Centre at 03 2603 7700 or visit www.smebank.com.my.