1. Business Accelerator Programme (BAP)
a. Objectives
- To enhance capabilities of micro, small and medium enterprises.
b. Criteria
c. Financing
Two types of financing are available under the Business Accelerator Programme (BAP) :
1. Matching Grant
- 50% of eligible expenses, with a maximum of RM400,000.
- Reimbursement basis.
- Eligible expenses include:
- Acquisition of machinery & equipment (productivity & automation).
- ICT adoption & e-commerce.
- ESG (Environment, Social & Governance) adoption.
- Product certification.
- Advertising & promotion (limited to RM50,000).
- Processing fees: RM500 for application, RM300 for appeals.
2. Soft Loan (in collaboration with SME Bank)
- Minimum: RM100,000; Maximum: RM500,000.
- Profit rate: 3.5% per annum.
- Margin of financing: Up to 100%.
- Financing tenure: Up to 7 years, including a grace period of not more than 12 months.
- No collateral required.
- Takaful/insurance coverage is mandatory if the asset is given as security for the financing.
- Fees and charges apply; refer to the Product Disclosure Sheet for details.
d. Further Information
Application for Business Accelerator Programme can be made online through the website http://www.smecorp.gov.my/vn2/node/35
For further information please contact:
SME Corporation Malaysia
Level 6, SME 1, Block B,
Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral,
50470 KUALA LUMPUR
General Line: 03-2775 6000
Fax Line: 03-2775 6001
Info Line 1-300-30-6000
Email: [email protected]