Repayment assistance won’t affect credit record

AS business owners adjust to the end of the automatic blanket moratorium on loan repayments, they might face cashflow problems as repayments resume. They should look at improving their finances by reassessing the business’s financial health and exploring the assistance available to them.

According to a recent survey by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), approximately 50% of our members have benefited from the payment deferment under the blanket moratorium. While 69.2% of small and medium enterprises (SMEs) require repayment assistance now that the moratorium has ended, only 55.6% have reached out to their banks to explore options.