Jumpstart Financing (JSF)

BACK

Supports Services Sector businesses that have been affected by the COVID-19 pandemic.

Financing Amount

RM50,000 – RM500,000

Financing Rate

  • 2% p.a. on monthly rest for SMEs
  • 3% p.a. on monthly rest for non-SMEs

Margin of Financing

Up to 100%

Financing Item

  • Working Capital

Tenure

Up to 6 years

Eligibility

  • Registered with SSM or Professional Regulatory Bodies
  • Annual Sales or Turnover more than RM200,000
  • At least 60% equity held by Malaysians
  • Average monthly revenue over any 6-month period during the pandemic has fallen by 30% compared to pre-pandemic level OR;
  • Closed for 3 months in aggregate since 18 March 2020
  • Business is viable and the financing is meant to restart business
  • Services sector

Disclaimer: The information shown is indicative and for illustration only. MIDF does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above do not represent an offer or approval of financing. All applications for financing are subject to MIDF’s credit evaluation and approval.

Basic Required Documents

  1. Valid business license
  2. CTC company form
  3. CTC IC copy for all director/shareholders (front & back)
  4. 6 months bank statement
  5. Latest annual return
  6. Latest 3 years audited financial statement
  7. Draft/latest management account

Note: Additional documents may be requested for credit assessment if necessary.​

Financing Amount

RM50,000 – RM500,000

Financing Tenure

Up to 6 years including 6 months Moratorium and 6 months of Grace Period

Margin of Financing

Up to 100%

Financing Rate

  • 2% p.a. on monthly rest for SMEs
  • 3% p.a. on monthly rest for non-SMEs

Eligible Items

  • Working Capital

Eligibility

  • Registered with SSM or Professional Regulatory Bodies
  • Annual Sales or Turnover more than RM200,000
  • At least 60% equity held by Malaysians
  • Average monthly revenue over any 6-month period during the pandemic has fallen by 30% compared to pre-pandemic level OR;
  • Closed for 3 months in aggregate since 18 March 2020
  • Business is viable and the financing is meant to restart business
  • Services sector

Financing Calculator

Disclaimer: The information shown is indicative and for illustration only. MIDF does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above do not represent an offer or approval of financing. All applications for financing are subject to MIDF’s credit evaluation and approval.

Let’s drive your business forward

We will provide strategic solutions and guide you with getting the right financing tailored to your needs.

MIDF Contact Us