Second Chance Financing (2CF)

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Aids viable SMEs in swiftly recovering from crises and reintegrating into the economy.

Financing Amount

RM50,000 – RM5 million

Financing Rate

  • 3% p.a on monthly rest

Margin of Financing

Up to 100%

Financing Item

  • Machinery & Equipment
  • IT Hardware & Software
  • Working Capital

Tenure

Up to 10 years

Up to 10 years

Up to 10 years

Eligibility

  • SMEs registered with SSM or statutory bodies for professional service providers
  • Annual Sales or Turnover more than RM200,000
  • At least fifty-one per centum (51%) equity/ownership held by Malaysians
  • Facing financial problem and having difficulties to obtain financing from financial institutions
  • Having new viable project/ business or to continue with the existing project/business i.e. must have ability and potential to generate sufficient cash flow to serve the financing; and
  • Must not have any winding-up action/order against the company or bankruptcy action/judgements against proprietors/partners.
  • Manufacturing & Services sectors

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 – RM5 million

Financing Tenure

Up to 10 years

Margin of Financing

Up to 100%

Financing Rate

  • 3% p.a on monthly rest

Eligible Items

  • Machinery & Equipment
  • IT Hardware & Software
  • Working Capital

Eligibility

  • SMEs registered with SSM or statutory bodies for professional service providers
  • Annual Sales or Turnover more than RM200,000
  • At least fifty-one per centum (51%) equity/ownership held by Malaysians
  • Facing financial problem and having difficulties to obtain financing from financial institutions
  • Having new viable project/ business or to continue with the existing project/business i.e. must have ability and potential to generate sufficient cash flow to serve the financing; and
  • Must not have any winding-up action/order against the company or bankruptcy action/judgements against proprietors/partners.
  • Manufacturing & Services sectors

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