Welcome to CIMB

The New Entrepreneurs Fund 2 (NEF2) is part of the Government's continuous effort to promote the growth of small and medium-sized Bumiputera enterprises, by ensuring that they 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
	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 sector (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