Customised solutions to transform SMEs
IN recognition of AmBank’s strategic focus and campaigns to reach out to the SME segment, it was named the “Preferred Bank for SOBA 2017 SME Businesses” at the Star Outstanding Business Awards (SOBA) 2017 held recently in Kuala Lumpur. The acknowledgement was also for its commitment in partnering with 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.
AmBank also offers a range of solutions such as cash management to help manage payments and collections system to improve cash flow, payables and receivables.
Given the depth and understanding of the SME segment, AmBank provides assistance to help expand their businesses through customised financial solutions.
As part of AmBank’s endeavour to encourage, inspire and help homegrown companies achieve excellence in their businesses, AmBank offered all SOBA winners customisable financial solutions for their business and an exclusive membership to AmBank SIGNATURE Priority Banking.
Customised business solutions for SMEs
Among the solutions offered by AmBank are Industrial Hire Purchase, Working Capital Financing, Portfolio Guarantee and Business Premises Financing.
Industrial Hire Purchase aims to assist companies to upgrade their equipment and machinery so that their capacity can be boosted for business growth.
Its features include nominal stamp duty, no additional collateral requirements and a competitive financing package, which is pertinent for cash flow management.
Working Capital gives SMEs convenient access to extra funds, which can be used for day-to-day operations or business expansion needs.
Depending on the SME’s needs, AmBank’s customisable business solutions provide a competitive margin of financing, flexible repayment options and other financing options which can be tailored to suit the business.
Portfolio Guarantee aims at helping entry-level SMEs fund their working capital up to RM2.5mil with financing tenure of up to seven years at a competitive interest/profit rate.
It also comes with no lock-in period and requires no collateral, therefore providing SMEs with better flexibility.
Business Premises Financing is tailored for companies looking to expand their business premises, helping them acquire the right properties for their business needs.
It provides both property loan (refinance or finance completed commercial or industrial properties for business use) and an overdraft for working capital.
AmBank also offers a range of solutions such as cash management to help manage payments and collections system to improve cash flow, payables and receivables.
Aside from this, businesses can rely on secure and convenient management for their trade finance transactions via a comprehensive range of international trade financing products and services, while leveraging on foreign exchange and remittance services for import and export needs.
To ensure accessibility, AmBank has 175 SME-ready branches and 26 Business Banking Centres strategically located nationwide.
These branches are equipped with dedicated SME Relationship Managers who can assist with SME business needs.
■ For details, visit any AmBank branch or log on to ambankgroup. com.my