PETALING JAYA: SME Bank has signed an agreement with SME Corp Malaysia to offer fixed working capital financing under the Working Capital@BAP facility for small and medium entrepreneurs (SMEs) affected by the Covid-19 pandemic through a fund allocation of RM50mil.
In a statement, Minister of Entrepreneur Development and Cooperative Tan Sri Noh Omar (pic) said Working Capital@BAP is a joint venture of two agencies under the purview of the ministry that had successfully integrated comprehensive assistance specifically to take SME businesses to the next level.
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