While many of us work as employees within an organisation, some individuals hope to someday start their own business and fulfil their passions. Starting a business is certainly exciting. However, it comes with plenty of unique challenges and obstacles that must be overcome.

One of the main issues that business owners need to solve, especially in the beginning stages, is funding. Regardless of the industry, it sometimes requires a large sum of cash in order to start running a business or for expansion. That’s where financial products come into play.

An Accessible Financing Option For Small Businesses

If you’re searching for financing for your small business, Funding Societies SME Micro Financing/-i can be a great financing option for your business. Before we dive deeper into the product, here is some key information about Funding Societies.

Funding Societies is registered with Securities Commission Malaysia and happens to be the largest SME digital financing platform in Southeast Asia. To date, they have disbursed over RM12.9 billion to over 5 million notes with over 200,000 registered investors across SEA. Each investor’s fund is managed by Malaysian Trustees Berhad.

Now, what do you need to know about Funding Societies SME Micro Financing/-i?

Get Up To RM200,000 In Financing

All businesses will require a capital investment in its beginning stages. While some may only need a small amount to kick start, others may need a larger sum. 

With FS SME Micro Financing/-i, businesses can apply for up to RM200,000. You could use it to boost your capital, support your cash flow, or even for growth.

Quick Application Process With Disbursement In 5 Days

One advantage that applicants will get to enjoy with this financing is its quick application process and disbursement time. Applications will take mere minutes, and you can resume at any point within 30 days.
You could get approved in as swiftly as 2 working days and access the funds in 5 days, making it an ideal option for businesses in need of quick cash. 

Not only that, the application process is also straightforward and simple. You only need to have 3 basic business documents at hand: 

• 6 months of company bank statements
• Your IC front & back
• IC front & back of all additional directors

Made Accessible To New Businesses

On top of that, this financing product has a low barrier to entry. While some financing options can be intimidating, FS Micro Financing/-i is made accessible to all businesses, including new ones.
FS Micro Financing/-i is open to:

• Sole proprietorship, partnership, or private limited companies registered with SSM
• Minimum 30% local shareholding by Malaysians
• Minimum RM 60,000 revenue per annum (or RM5,000 per month)
• Minimum 6 months in operations

Transparent Pricing & Collateral-Free

Applicants will be charged a one-off utilisation fee upon disbursement and a regular interest rate. There are no hidden fees and you will not need collateral to apply for this financing. 
On top of that, the tenure period for FS Micro Financing/-i is up to 18 months and as the name suggests, there is a Shariah-financing option available.

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With up to RM200,000 available, Funding Societies SME Micro Financing/-i empowers startups and established ventures alike. The quick and efficient application process, with approval in as little as 2 working days and funds disbursed within 5 days, proves invaluable when time is of the essence. 

Moreover, its inclusive nature welcomes businesses of all types, whether you’re just starting out or aiming for growth. The transparency in pricing and collateral-free nature eliminate unnecessary barriers, ensuring a seamless experience. 

Click here to learn more about Funding Societies SME Micro Financing/-i and discover the potential of your business.

• TAGS:
• Business Financing
• Funding Societies
• Funding Societies SME Micro Financing/-i
• micro financing
• Shariah Compliant
• SME Financing