Business solutions for SMEs
THANKS to AmBank’s strategic focus on deepening its relationship with the SME segment, it was recently named the ‘Preferred Bank for SOBA 2016 SME Businesses’ at the Star Outstanding Business Awards (SOBA) 2016 held in January in Kuala Lumpur.
The recognition was for its efforts and aspiration in partnering with the SMEs in growing their businesses.
SOBA is an annual event organised by Star Media Group Bhd to honour small and medium enterprises striving to carve a niche for themselves in the competitive business environment.
The team at AmBank works hard to understand the needs of SMEs to help them expand their businesses through customised financial solutions. This is done by providing easier access to asset financing, working capital and even complicated projects.
As part of the bank’s efforts to encourage, inspire and help homegrown companies achieve excellence in their businesses, AmBank took the opportunity to reward SOBA winners with a special SME package, along with an exclusive membership invitation to AmBank Signature Priority Banking.
AmBank’s customised solutions for SMEs
AmBank BizSolutions are innovative solutions suited for both low-capital enterprises and established corporations looking to expand their business reach.
The solutions offered include CGC Portfolio Guarantee Term Financing-i, SMR Portfolio Guarantee/Portfolio Guarantee Term Financing-i, BizSolutions 1Six8, BPL 85 and an enhanced BizSolutions 2Trad3.
The BizSolutions CGC Portfolio Guarantee Term Financing-i is a collaboration with Credit Guarantee Corporation Bhd (CGC) to offer term financing of up to RM2.5mil. AmBank is the first wholesale bank in the country to partner with CGC in offering term financing of this substantial amount.
The SME Portfolio Guarantee/ Portfolio Guarantee-i aims to help entry-level SMEs fund their working capital up to RM1mil with financing tenure up to seven years at a competitive interest/profit rate.
SME Portfolio Guarantee/ Portfolio Guarantee-i comes with no lock-in period and requires no collateral to provide SMEs with better flexibility.
For enterprises looking for asset acquisition to expand their business premise, BPL 85 is a property loan with a long financing tenure of up to 20 years to help SMEs acquire the right property for their business needs.
BizSolutions 1Six8 is designed for SMEs looking to acquire both assets and working capital.
The solutions provide both property loan (refinance or finance completed commercial or industrial properties for business use) as well as an overdraft for working capital (for a maximum of RM10mil with margin of finance up to 168%).
BizSolutions 2Trad3 is a multi-trade finance package that offers financing of up to RM3mil for importer and exporter. With this package, qualified clients who achieve three times utilisation of foreign exchange currency will enjoy a 1% rebate.
AmBank SME loans are designed for flexible facility options and fast approval to meet the dynamic needs of SME sectors.
To ensure accessibility, AmBank has 35 SME-ready branches strategically located nationwide. These branches are equipped with dedicated SME Relationship Managers who can assist with SME business needs.
For details, visit any AmBank / AmBank Islamic branches or log on to ambank.com.my. AmBank’s relationship managers are also available for contact via SME Banking Customer Service Centre at 03-2178 3188.