Bridging loan (BL) helps to bridge developers’ cashflow during construction and pending receipt of sales proceeds from end-purchasers and/or their end-financiers. This is to ensure the continuation of the project until completion.
Eligibility
• All legally registered business entities in Malaysia.
Acceptable Security
• Landed Property
• Quoted Shares
• AmBank’s Fixed Deposits
• Debenture
• Others
Requirements
• The loan amount required.
• Purpose of the loan
• Tenure
• Source of repayment
• Proposed repayment terms
Supporting Documents For Loan Application (where applicable)
• Certified true copy of Business Registration
• Certified true copy of Memorandum & Article of Association
• Certified true copy of Form 24, 44, 49
• Audited financial statement for the past 3 years and latest management account
• Brief history and background information of the Company and/or the Group
• List of all bank borrowings including leasing and hire purchase facilities. Details to include the type and amount of facilities enjoyed and security arrangements
• Latest 6 months bank statements with other banks
• Feasibility study report / project write-up
• Projected Balance Sheet and Profit & Loss account
• Projected Cashflow Statement
• Valuation Report of property offered as security
• Photocopy of Title Deeds offered as security
• Sale and Purchase Agreements, if there are no Title Deeds
• Certified true copy of Letter of Intent and/or Letter of Award and/or Contract Documents
• List of major suppliers, goods purchased and terms of trade
• List of major customers, goods sold and terms of trade
• Types of services and/or products produced / traded by the Company
• List of completed and current projects in hand
• Photocopy of directors and guarantors' NRIC
• All other information which relevant to the loan application
For us to know you better, we need the following information and documents
• Company profile
• Profile of management team and directors.
• Project / Business write-up
• Project / Business economics and cashflow
• Past 6 months bank statements of Company and/or the Group
• Past 3 years audited account of the Company and/or the Group
Additional documents (where applicable)
• List of completed and future projects of the Company and/or Group
• Project Feasibility Report by a registered valuer
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