PENJANA Tourism Financing (PTF) Facility

PENJANA Tourism Financing (PTF) Facility

Allocation

  • RM50 million

Eligibility

  • Classification of SME as defined by National SME Development Council/SME Corporation and registered in Malaysia or registered with/licensed by Ministry of Tourism, Arts and Culture (MOTAC)
  • Malaysian controlled business entity

Objective

  • PENJANA TOURISM FINANCING (PTF) as part of the Short-Term Economic Recovery Plan (PENJANA). It is intended to support small and medium enterprises (SMEs) in the tourism and tourism-related sectors by preserving their capacity and assisting them in adapting to the new normal. SMEs in these sectors will be able to utilize the PTF to undertake necessary investments, enhance business models and deploy new practices including digitalization in order to remain viable and competitive in the post COVID-19 environment

Purpose of Financing

  • Working Capital requirement (Refinancing of existing facility is not allowed)

Financing rate

  • Maximum financing rate to Up to 3.5% p.a. inclusive of guarantee fee of 0.5% p.a.

Collateral

  • No collateral required

Guarantee Coverage

  • 80% guarantee coverage from SYARIKAT JAMINAN PEMBIAYAAN PERNIAGAAN BERHAD ("SJPP")

Type of Financing

  • Term loan

Financing limit

  • Up to RM300,000 per SME

Maximum Financing Tenure

  • Up to 7 years, inclusive of 6 months repayment deferment (moratorium)

Availability period

  • Available now until further notice


 


How to Apply

  Leave us your contact details so that we may reach out to you

Click here

  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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