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MARA Entrepreneur Guarantee Scheme (SJUM)
Objectives
- Offers a financing facility to Bumiputera entrepreneurs using funds from the bank and MARA acting as the guarantor of the loan provided.
- Provide access to bank financing to help ensure the success of Goom Big entrepreneur development programs
- Provide corporate guarantee facilities to Bumiputera entrepreneurs in the fields of construction, supply, retail and services
- This scheme is a collaboration between MARA and panel banks; Bank Muamalat Malaysia Berhad (BMMB), Bank Rakyat and Exim Bank Malaysia
Terms and Conditions
Basic Terms
- Bumiputera companies with Private Limited (Sdn. Bhd.) status
- Have been in operation for at least two (2) years
- Have an Audited Financial Report and been gaining profit for two (2) consecutive
- Paid-up capital is at least twenty percent (20%) of the total bank facilities
- Bumiputera companies with partnership and sole proprietorship status
- Have been in operation for at least three (3) years
- Have an Audited Financial Report and been gaining profit for two (2) consecutive years
- Bank statement for the last six (6) months
- Minimum sales of RM500,000 per annum
- A satisfactory company credit status based on the CCRIS / RAM / CTOS reports
- Engaged in a syariah compliance business
- Meet the requirements set by the panel bank
Scope of Financing
- Revolving / working capital
- Purchase of assets
- Project / contract financing
Financing Limit
RM2,000,000.00
Financing Period
Warranty period up to 15 years
Guarantee / Collateral
- Bank
Subject to bank terms and conditions
- MARA
- Financing to private limited (Sdn. Bhd.) companies requires guarantee/ assurance of all the Board Members
- Guarantee fee is charged to entrepreneurs at 1% per annum of the total guarantee
Profit Rate
BFR + 0% to 1%
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