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

‍

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

Valid business license
CTC company form
CTC IC copy for all director/shareholders (front & back)
6 months bank statement
Latest annual return
Latest 3 years audited financial statement
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

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Second Chance Financing (2CF)

Financing Amount

Financing Rate

Margin of Financing

Financing Item

Tenure

Eligibility

Basic Required Documents

Financing Amount

Financing Tenure

Margin of Financing

Financing Rate

Eligible Items

Eligibility

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