Securing financing is essential for business growth, and Malaysia’s Madani program Term Loans, backed by agencies like SJPP and CGC, are a popular option, covering up to 80% of the loan. 

Edison Chong Wei Kit, SME Team Manager at Intelligent Consultancy, highlights that government backing reduces banks’ risk, leading to competitive interest rates as low as 3%.

 Intelligent Consultancy helps businesses secure higher loan amounts than they could independently. Challenges include industry-specific requirements and documentation issues. Businesses are encouraged to have a clear financial strategy and apply for loans early to improve their chances of approval.

Kindly refer to the following for detailshttps://www.astroawani.com/berita-bisnes/governmentbacked-loans-provide-lifeline-malaysian-businesses-475507