Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
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<strong>Financial</strong> <strong>Guide</strong> <strong>for</strong> <strong><strong>SME</strong>s</strong>Common Timeline <strong>for</strong> <strong>SME</strong> Loan Application(straight-<strong>for</strong>ward cases only*)Submission ofDocuments <strong>for</strong><strong>SME</strong> LoanApplicationwithin 5working dayswithin 14 to21 days **within 3working daysYESwithin 14 to 30days (dependingon size of loans)within 5working daysYESLoanDrawdownPerfection ofLoanDocumentation<strong>for</strong> DrawdownIssuance ofLetter ofOfferCompletereview andprocessing ofloan -Approved?To issue holdingreply to applicantthat documents arein order / completeand that applicationis being processedDocumentssubmitted inorder?NO NOReject application andin<strong>for</strong>m applicantwithin 5working days<strong>Financial</strong> <strong>Guide</strong> <strong>for</strong> <strong><strong>SME</strong>s</strong>** Provided Letter of Offer is acceptedby applicant within the deadline andthere is no un<strong>for</strong>eseen delay and / orcomplication in the perfection of loandocumentationApplicant toresubmitoutstandingdocumentsTo in<strong>for</strong>m applicantif documentssubmitted are not inorder / not complete* Note: The term “straight-<strong>for</strong>ward cases” is used with reference to clean or unsecured <strong>SME</strong> loan application which are not subject to :- consent from authorities /any other 3rd party or; CGC approval or; any other particular conditions precedent, <strong>for</strong> which specific approval requiring time has to be obtained.132132chapter 7-13 p79-181 Eng.indd 1328/15/11 5:03:04 PM
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