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CGC Guarantee Facility : SME Assistance Guarantee Scheme (SAGS)
 
   
 
 
     
SME Assistance Guarantee Scheme (SAGS)    
Eligibility:
•    SME with shareholders fund below RM3 million
•    SME that are not affiliates and subsidiaries of GLCs & PLCs
•    SME owned by Malaysian (at least 51% shareholding) residing in Malaysia
•    SME adversely impacted by the current economic slowdown

Maximum loan amount:
•    Aggregate RM500K per SME

Maximum tenure:
•    5 years

Purpose of financing:
•    Working capital
•    Project financing
•    Capex
•    Shall not be used to refinance existing credit facilities

Type of facility:
•    Term Loan and Overdraft

CGC Guarantee:
•    80% of guarantee cover on principal and normal interest
•    Risk on remaining 20% borned by FI

Proposed Interest Rate:
•    Pegged to the current Bank’s BLR at 6.00%
•    Pricing based on the number of years SME is in operation as follows:

 

Relationship with AmBank Good CCRIS averaging 0 to 1 MIA Satisfactory CCRIS averaging 2 to 3 MIA Poor CCRIS ≥4 MIA
Strong supporter with multi facilities, long relationship* Low Risk

0% + BLR		 Moderate Risk

1.0% + BLR		 High Risk

1.5% + BLR
Average with limited facilities** Low Risk

0% + BLR		 Moderate Risk

1.0% + BLR		 High Risk

1.5% + BLR
New Customer Moderate Risk

1.0% + BLR		 High Risk

1.5% + BLR		 Decline

 
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