Flexi Guarantee Scheme (FGS)
CGC’s Flexi Guarantee Scheme (FGS) is a scheme for financing under BNM’s funds for SMEs, All Economics Sectors Facility (AES).
Eligibility:
- A company registered in Malaysia, is Malaysian-controlled and Malaysian-owned with at least 51% shareholding
- Meet the SME Corporation Malaysia’s definition of an SME
- Shareholding by Public Listed Companies and Government Linked Companies (if any) in the SMEs shall not exceed 20%
Maximum Loan Amount:
Aggregate of RM5 million per borrower group which includes:
- Facilities approved under any BNM Funds
- Any related companies with common shareholders unless the companies have different workforces
Purpose of Financing:
- Working Capital
- Capital Expenditure
Type of Facility:
- Term Loan
- Overdraft
- Letter of Credit or Trust Receipt
- Bills Purchased
- Bank Guarantee
- Export Credit Refinancing (ECR)
- Banker’s Acceptance
- Shipping Guarantee
- Hire Purchase
- Leasing
Guarantee Coverage:
Unsecured portion – ranges between 30% to 80% guarantee coverage
Secured portion - ranges between 30% to 90% guarantee coverage
Guarantee Fee:
Secured portion - Starting from 0.5% to 1.85% per annum
Unsecured portion - Starting from 0.8% to 2.15% per annum