Soft Loan For Factory Relocation (SLFR)

The Soft Loan is to assist the SMEs to relocate their factories to designated industrial sites.

Eligibility:

  • SMEs incorporated under the Companies Act 1965 or Registration of Business Ordinance 1956.

  • Subsidiaries of public-listed companies with shareholding not exceeding 20%.

  • At least 60% equity held by Malaysians.

  • Companies to be located at approved location without having to close down the existing operation/premise.

1. Minimum Loan Size: RM50,000

2. Maximum Loan Size: RM1.5 million

3. Eligible Expenses:

§   Purchase of ready-made factories

§   Purchase of factory lot and construction of factories including related infrastructure

§   Costs to purchase related machinery and equipment due to relocation

§   Costs incurred for initial store renovation and upgrade of store display for retail trade

4. Percentage of Financing: Up to 85% of the cost of eligible items  

5. Repayment Period: Up to 15 years including grace period of up to 2 years.

6. Interest Rate: 4 % per annum

 

 

 

Posting date070907

 

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