What is SME business loan?
SME business loan is especially catered to SME size organization. This means that the business is classified as SME under the SME Corp guidelines. For example, this include manufacturing business with less than 200 employees or less than RM50 million revenue, or services business with less than 75 employees or less than RM20 million revenue.
Why need SME business loan?
Sometimes, a company may need SME business loan for business acquisition, or daily operation use. Especially for SME businesses which do not have strong cash flow reserves and are heavily reliant on customers paying on time. Due to the nature of young SME businesses, slight delay in repayment by customers may affect the cash flow of the SME in terms of daily operation, lack of materials or even payroll for their staff. It is similar with business loan concept.
How we can help?
This is where we can help, with our flexible tenure and easy approval process. These SME businesses may only need temporary financing for a couple of days. We can also help in such situation, as our interest rates can be set at daily rest.
Requirements for SME business loan
In order for this SME loan, we need some documents such as:
- IC of the director of the company,
- SSM registration of the company,
- Bank statements of the company,
- Any other supporting documents.
Who are we?
Firstly, we are licensed money lender authorised with KDNK. Besides, we have more than 10 years’ experience in this loan industry. In addition ,we specializes business loan and personal loan in KL and Selangor, such as Shah Alam, Klang, Puchong, Subang, Petaling Jaya, Bukit Jalil, Cheras, Sungai Long, Balakong and Semenyih. We also cover Johor, Malacca, Negeri Sembilan, Perak, Pahang and Penang.
Our services’ feature
- Low document requirements
- Fast approval process
- Flexible tenure
- Easy application process
- Quick disbursement of loan
Therefore, if you qualify as an SME, and you have any short term financing, check with us. We can assist your temporary financing needs. Some businesses need quick loans, but is able to repay within a short period of time, and come next month, need financing again. We can be your financing partner long term.