Services Sector Guarantee Scheme (SSGS)

  • To assist SME companies in the services sector to gain access to financing from the participating FIs
  • Application Period
    Application opens from 1 April 2015 up to 31 December 2017 or upon approval of financing up to RM 5 Billion only, whichever is earlier
  • Companies in services sector and registered under the Companies Act 1965 (at least 51%) shares held by Malaysian and shareholder’s equity of less than RM 20 Million
  • Guarantee Fee
    1.0% per annum
  • Profit Rates: 
    To be determined by the participating FI’s
  • Financing Limit
    • Minimum: RM 100,000
    • Maximum: RM 5 Million
  • Purpose of Financing
    Services Sector Guarantee Scheme (SSGS) is meant to support working capital requirements and capital expenditure (CAPEX) and not for the refinancing of existing credit facilities
  • Tenure of Financing
    For the period of five (5) years or until 31 December 2020 whichever is earlier
  • 70% from the Government of Malaysia on financing facilities granted by the participating FIs