KUALA LUMPUR: Malayan Banking Bhd
(Maybank) has launched SME Perkasa, a targeted financing initiative to help small and medium enterprises (SMEs) manage rising costs and cash-flow pressures amid an increasingly challenging operating environment.
The bank said it is committing RM1 billion in financing approvals over the next 12 months, with eligible businesses able to secure up to RM1 million in financing, along with a six-month deferral of principal payments.
"Eligible SMEs can receive disbursements within 48 hours upon full document execution, enabled by a dedicated fast-track credit assessment workflow that draws on customers' existing transaction and banking relationship data with Maybank to accelerate evaluation.
"This allows SMEs to respond quickly to immediate cash flow needs and operational pressures without compromising credit discipline,” it said in a statement.
Maybank group chief executive officer of community financial services Syed Ahmad Taufik Albar said SMEs are navigating a far more demanding operating environment, with rising costs and tighter cash flows becoming immediate concerns.
"In such conditions, access to financing alone is not enough, as the speed of access is equally critical.
"With SME Perkasa, we are prioritising both, ensuring businesses can obtain the funding they need within 48 hours, alongside advisory support to help them respond decisively and stay resilient,” he said.
Maybank said the initiative is available to existing Maybank SME customers across 10 priority sectors affected by the current environment, including logistics, wholesale distribution, construction, food supply chains, fabricated metals and industrial goods, petrol station dealers, agriculture, furniture, machinery importers and courier services.
Eligible SMEs are encouraged to apply early to benefit from the fast-tracked financing support, or visit maybank.my/smeperkasa for more information. - Bernama
