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MIDF Soft Loan Scheme For Bumiputera Automotive Entrepreneurs (SLBAE)

Malaysian Industrial Development Finance Berhad (MIDF)

MIDF Group is a financial services provider in four core business areas, investment banking, development finance, asset management and mezzanine financing. MIDF’s Development Finance Division promotes the development of the services and industrial sector in Malaysia through the provision of financing for Malaysian enterprises. The Amanah International Finance (AIF) provides mezzanine financing which is a hybrid of debt and equity. Mezzanine Financing is able to accommodate a wider scope of financing with attractive features that would help accelerate business growth performance. The product is offered to property developers, manufacturing and services sectors.

 

The SLBAE was established and funded by the Government of Malaysia to facilitate and assist Open Approved Permit (AP) holders to expand and diversify into other automotive-related businesses and to sustain and enhance Bumiputera participation in the automobile industry.

Items eligible for financing:

  • Purchase of land & construction of buildings and/or purchase of ready-built buildings
  • Renovation/upgrade of service centres
  • Purchase of new / used / reconditioned plant & machinery / equipment
  • Purchase of other fixed assets related to automotive industries
  • Costs incurred / to be incurred in securing automotive distributorships / dealerships from existing franchise holders
  • Working Capital

 

Target Group:

Bumiputera Open Approved Permit (AP) holders

 

Cost: Interest / Profit Rate of 3.5% per annum on yearly rest.

 

Forms available to be downloaded

 

More information: http://www.midf.com.my/index.php/en/what-we-do-en/sme-financing

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