PETALING JAYA: Maybank and Credit Guarantee Corp (CGC) target to disburse the first RM300mil of the newly-launched SME Clean Loan/Financing Plus within a year to assist small and medium-sized enterprises (SMEs) in their cash flow management during these trying times.
In a joint statement, the companies said the hybrid loan facility, which is the first in the market, consists of a combination of 30% term loan and 70% overdraft facility, with no collateral required as 70% of the total loan is guaranteed by CGC.
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