Welcome to CIMB

The Fund for Small and Medium Industries 2 (FSMI2) is part of the Government's effort to ensure that the eligible small and medium enterprises (SMEs) in both the export and domestic-oriented sectors will have access to financing at reasonable cost.

Features

Financing purpose is available for:
	Working capital and / or expansion of production capacity.

Restrictions - financing should not be used for :
	Purchase of shares
	Refinancing of existing financing facilities
	Purchase of land / Real estate investment
	Properties development
	Investment holding companies
	Activities where stock in trade is money (including credit, leasing, factoring and takaful/insurance businesses) and;
	Non-economic or non-healthy activities (including business activities relevant gambling, karaoke, entertainment and sales of liquor)

Maximum tenure: 5 years from the date of the first drawdown from Bank Negara Malaysia

Financing Amount
	Minimum financing amount of RM50,000
	Maximum financing amount of RM5 million per customer.
	The total financing would include:
		financing approved under any Bank Negara Malaysia Special Funds (including the scheme which was managed by the CGC and;
		financing approved for any other related companies (including the scheme managed by the CGC) that have similar share holder (s)

Type of Facilities
	Cash Line-i
	Term Financing-i
	Documentary Credit-i
	Trust Receipt-i

Terms and Conditions Apply

Eligibility
	Business enterprises / SMEs with full-time employees not exceeding 150 people, OR annual sales turnover not exceeding RM25 million;
	Shareholders' fund not exceeding RM2 million;

	Shareholding by public listed companies and Government-link companies, if any, should not exceed 20%
	51% shareholding must be owned by Malaysian(s) residing in Malaysia. The business must be incorporated under the Companies Act 1965, the Co-operative Societies Act 1993, the Societies Act 1996, and registered with Companies Commission of Malaysia (CCM) or any other authoritative bodies;

	The business must not be in operation for more than 7 years. Discretion is given to the Bank to consider SMEs with more than 7 years' operation, provided the average net profit margin is marginal over the last 3 years (i.e. less than 5% net profit margin).
Eligible Sector

	All economic sector.
	SMEs in both the export and domestic-oriented sectors under the broad economic sector of Manufacturing (encompassing agro-based and manufacturing-related services, primary agriculture and services sectors (including ICT).

Rates are variable between 4% per annum to 6% per annum, based on the risk profile of the customer

	Processing fees is waived.
	Maximum guarantee cover of 60% by Credit Guarantee Corporation (CGC).
	Guarantee fee is borne by the Bank. CGC guarantee is optional