BizFunds - ERF

Business Fundings

TABUNG PROJEK USAHAWAN BUMIPUTERA (TPUB)

Objective:

The main objective is to provide funding to Bumiputera entrepreneurs who have been awarded with the government's (in¬cluding government agencies and bodies, statutory bodies and companies owned by the government) contract or project but fail to get funding from any financial institutions.

Allocation: RM300 million

Type of Funding: Revolving fund

Eligible Sector: All economic sector including contractor, supplier, manufacturer and services.

Target Sector

Amount funded for government project development:
1.  1/3 from allocation amount (RM100 million)

Other sectors:

1.  2/3 from allocation amounts (RM200 million).

Eligibility Criteria

1. Wholly own Bumiputera companies and entrepreneurs with viable contracts.
2. Must be a member of one of the followings:
a)    Dewan Pemiagaan Melayu Malaysia, Dewan Pemiagaan Melayu Malaysia Sabah, Dewan Pemiagaan Bumiputera Sabah, Dewan Pemiagaan Kadazan Dusun dan               Industri Sabah, Dewan Usahasama Bumiputera Sarawak, Dewan Pemiagaan Melayu Malaysia Wilayah Persekutuan Labuan.
b)    Persatuan Usahawan Wanita dan Bumiputera Malaysia (USAHANITA) and:
I.    Any bodies which are approved by Panel Khas Tabung Pemulihan Usahawan (TPU).
II.    Registered under Pusat Khidmat Kontraktor (for the contractor).
III.    No credit facilities obtained from any financial institutions to finance the projects.

Interest Rate: 5 per cent per annum.
Repayment Period: 5 years.

Loan Amount

The loan amount is 60 per cent of the contract value or RM3million, whichever is lower. Any advanced payment paid will be deducted from the approved amount.

Loan Purpose

1. Working capital.
2. Refinancing is not allowed.

Further Information:

ERF Sdn. Bhd.
Tingkat 7, Bangunan SIME Bank,
Jalan Sultan Sulaiman,
50000 Kuala Lumpur
Tel: 03-20781378
Fax: 03-2072 1411

Laman Web : www.erf.com.my
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it