Bank Negara Malaysia:

Bumiputera Entrepreneur Project Fund

Objective
To provide financing to Bumiputera entrepreneurs who have been awarded contracts/projects by the Government, Government-related agencies, statutory bodies and reputable private/public companies.

Maximum financing rate : 5% per annum or Maybank BLR per annum

Maximum tenure : 5 years

Maximum financing : 70% of the contract value less advance given by the Government (if any) or RM5 million, whichever is lower.

Participating financial institutions / Implementing Ministry / Agency
ERF Sdn Bhd

Eligibility criteria

• Bumiputera entrepreneurs or enterprises which are wholly-owned by Bumiputera with viable contracts in hand ;
  
• Encouraged to become members of one of the following bodies:-
  
  • Dewan Perniagaan Melayu Malaysia/Sabah/W.P. Labuan;
    
  • Dewan Usahawan Bumiputera Sarawak;
    
  • Dewan Perniagaan Bumiputera Sabah;
    
  • Dewan Perniagaan dan Perindustrian Kadazan Dusun Sabah - USAHANITA;
  • PERDASAMA; or
  • Any other bodies approved by Panel Khas ERF Sdn Bhd
    
• Bumiputera contractors must be registered with Pusat Khidmat Kontraktor and for non-contractors, must be registered with MOF, TNB, Telekom, Petronas etc; and
  
• Credit facilities have not been obtained from financial institutions to finance the project

Purpose of financing

• Term loan and Working capital only


Financing should not be used for:


• Purchase of shares
• Refinancing of existing credit facilities

Eligible sector / Types of financing

All economic sectors

Application procedure

Application to be submitted to ERF Sdn. Bhd.

Contact
ERF Sdn Bhd
Tel: 03 - 2078 1378
Fax: 03 - 2072 1411
Website: www.erf.com.my

 
Last modified: 21 May 2009 10:01.