What can I do with MIDF Sustainable Green Biz Financing?
Are you thinking of starting a business revolving around sustainability and energy-efficient efforts? MIDF can help you realise your dreams through the Sustainable Green Biz Financing (SGBF) scheme with up to RM10 million worth of financing.
Tell me about the interest rates and tenures.
For SMEs, you can enjoy a flat 2% per annum interest rate on a monthly rest, while non-SMEs get a flat 5% per annum interest rate on a monthly rest.
The financing tenures depend on the items you would like financial assistance on such as:
- Commercial property: up to 25 years
- Machinery and equipment: up to 9 years
- IT hardware and software: up to 7 years
- Working capital: up to 7 years
What are the eligibility criteria for this business loan?
Your company must have the following requirements to be eligible for MIDF Sustainable Green Biz Financing (SGBF).
- Registered with SSM
- Annual Sales or Turnover of more than RM200,000
- At least 51% of equity held by Malaysians
- In operation for more than 6 months
- Manufacturing & Services sectors
What documents should I prepare to apply for this business loan?
Please prepare the following documents to make an application.
- Valid business license
- CTC company form
- CTC IC copy for all directors/shareholders (front and back)
- 6 months' bank statement
- Latest annual return
- Latest 3 years' audited financial statement
- Draft/latest management account
Note that MIDF may request additional documents for credit assessment, if applicable.
