Fund for Small and Medium Industries 2
Loan |
CIMB Bank
FSMI 2 is available to SMEs in all economic sectors, namely agriculture, manufacturing (including agro-based) and services, with the maximum tenure of financing of five years.
CGC guarantee under FGS is optional.
Financing under the FSMI 2 is available for:
• Working capital and/or expansion of production capacity.
Restrictions - financing should not be used for:
• Purchase of shares
• Refinancing of existing credit facilities
• Purchase of land/Real Estate
• Property development
• Investment holding companies
• Activities where stock in trade is money (including credit, leasing, factoring and insurance businesses) and;
• Non-economic or non-healthy activities (including business activities related to gambling, karaoke, entertainment and sales of liquor)
