KUALA LUMPUR: Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has unlocked nearly RM100 billion in financing for small and medium enterprises (SMEs) by guaranteeing up to 80 per cent of the risks that banks are unwilling to bear.
SJPP, wholly owned by the Minister of Finance (Incorporated), manages and administers various government guarantee schemes to bridge the financing gap faced by SMEs, particularly those lacking sufficient collateral or track records to obtain bank loans.
