The small and medium enterprises form the major constituent of the industry sector anywhere in the world. This becomes more prominent in the developing economies such as the Malaysian economy. These SMEs need adequate funding more than anything in the world. Most of the SMEs in the Malaysian market have a common malaise. They do not get the requisite funding from the market.
The Government of Malaysia has come up with excellent schemes to benefit the SME sector. These schemes allow the SMEs to raise a loan up to RM 400000 without having the need to furnish any collateral security. Any licensed moneylender can sanction and disburse such amounts to the SME sector.
We, at First One Sdn Bhd, have small business loan schemes where we can sanction loan amounts in the range of RM 50K to RM 2 million. We invite the small and medium enterprises to come forward and avail these SME business loan facilities to bolster their growth.
We have a variety of options ranging from working capital finance to term loans for procuring machinery. We adhere to some of the simplest formalities whereby availing an overdraft facility for meeting your working capital needs is very easy. The revolving credit method ensures that you do not have to pay any regular fixed installments. You should ensure to service the interest on time. This is the best method by which you can avail funds for your day-to-day business operations.
We have the Term Loan facility that allows you to procure capital assets such as machinery, etc. You can avail bridge loans as well from us under the small business loan schemes. We specialize in trade financing by opening Letters of Credit, Bankers Acceptance, etc. As an SME unit, you can take advantage of the various bill discounting schemes and other schemes that facilitate export credit financing. In short, we act as the final destination of the SME sector as far as financing is concerned.