How can SMEs access the RM1 billion Business Recapitalisation Facility?

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SMEs Can Access the RM1 Billion Business Recapitalisation Facility Through Regulated Banks

Small and Medium Enterprises (SMEs) facing business financing challenges can access the RM1 billion Business Recapitalisation Facility (BRF) by applying directly through any bank regulated by Bank Negara Malaysia (BNM). This facility, part of the government's efforts to aid post-pandemic business recovery and expansion, offers financing of up to RM5 million per SME.
Financing Details and Eligibility

The Business Recapitalisation Facility is designed to support SMEs from all economic sectors. Eligible businesses can apply for financing up to RM5 million, which can be utilised for capital expenditure or working capital needs. The financing period for this facility extends up to 10 years, providing a substantial timeframe for businesses to manage their repayment obligations and reinvest in their operations.
Application Process

Interested SMEs are directed to approach any banking institution that is regulated by Bank Negara Malaysia. The application process is streamlined, allowing direct submission to these financial institutions. This ensures that SMEs can engage with established banking channels to secure the necessary funding to rebuild and expand their businesses in the post-pandemic economic landscape.
Government Support for Business Recovery

The RM1 billion BRF is one of several initiatives detailed by the Ministry of Finance to assist individuals and businesses in recovering from the economic impact of the pandemic. The ministry has reiterated its commitment to providing adequate allocations and monitoring the situation to ensure timely support. Other programmes mentioned include the Financial Management and Resilience Programme (Urus) for the B50 income group and the Low Carbon Transition Facility (LCTF) for SMEs adopting sustainable practices.

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How can SMEs access the RM1 billion Business Recapitalisation Facility?

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