PENJANA TOURISM FUND

OBJECTIVE
To support SMEs in the tourism sectors by preserving their capacity and assisting them to undertake the necessary investments to adjust and remain viable post COVID-19


TOTAL ALLOCATION
RM1 billion


ELIGIBLE SECTORS

Core tourism:

  • Tourism accommodation premises (e.g. budget hotels, registered homestays, chalets and resorts)
  • Travel agencies & tour operators
  • Transportation for tourists (e.g. bus, boat and car rental operators)

Tourism-related sectors:

  • Medical tourism
  • MICE (Meetings, Incentives, Conferences, Exhibitions) ecosystem
  • Money services businesses – applicable to money changing operators who mainly serve inbound and
  • Outbound tourists
  • Tourism-related retail, recreation and wellness which can justify significant reliance on tourists

Definition of eligible SMEs

  • Malaysian SMEs in the eligible core tourism and tourism-related sectors which are either SMEs as defined by SME Corp Malaysia; or SMEs licensed by / registered with MoTAC

 

PURPOSE OF FINANCING

For working capital and capital expenditure only
Not for refinancing of existing credit/financing facilities

FINANCING AMOUNT

SMEs: Up to RM300k per SME; and Micro enterprises: Up to RM75k per micro enterprise
The common limit will apply for SMEs’ associate companies with common shareholding of more than 20%

FINANCING RATE

Up to 3.5% p.a. (inclusive of guarantee fee)

TYPE OF FINANCING Term financing
FINANCING TENURE
(inclusive of 6 months’ repayment deferment)

For SMEs – Up to 7 years
For Micro Enterprises – Up to 5 years

DOCUMENTATION REQUIRED

For SMEs

  • Business in operations for a minimum of 3 years
  • Audited accounts of the last 3 financial years
  • Latest 6 months of bank statements with transactions
  • Supporting documents to evidence operating expenses to be financed
  • Business registration / Certificate of Incorporation / Notice of Registration with SSM / authorities /
  • District offices in Sabah and Sarawak or statutory bodies for professional service providers
  • Copy of directors’ / partners’ / shareholders’ / guarantors’ identity card

For Micro Enterprises

  • Business in operations for a minimum of 1 year
  • Guarantors / key decision maker’s latest tax return filing (B/BE form) with receipt/latest management
  • Account; or latest 6 months’ bank statement with transactions
  • Supporting documents to evidence operating expenses to be financed
  • Business registration / Certificate of Incorporation / Notice of Registration with SSM / authorities /
  • District offices in Sabah and Sarawak or statutory bodies for professional service providers
  • Copy of directors’ / partners’ / shareholders’ / guarantors’ identity card
OTHER REQUIREMENTS
  • Business in operations for a minimum of 3 years for SMEs and one year for micro enterprises
  • Recipients of Special Relief Facility (SRF) and / or PENJANA SME Financing (PSF) are not eligible

To find out more, please contact your dedicated Relationship Manager. Alternatively, you may call our Corporate Services Hotline at 03-2178 3188 (8.45 a.m. to 4.45 p.m.) or email us at businessbanking@ambankgroup.com