KUALA LUMPUR, Feb 26 (Bernama) — Credit Guarantee Corporation Malaysia Berhad (CGC) yesterday marked a significant milestone in Malaysia’s financial landscape with the official launch of two new guarantee schemes aimed to assist Mid-Tier Companies (MTC) – BizJamin-i MTC and BizJamin MTC.
The guarantee schemes are designed to enhance capital accessibility for MTCs as they can now access financing guarantees of up to RM60 million accumulative per group, with a guarantee tenure of up to 15 years via Participating Financial Institutions (PFIs). Covering a broad spectrum of financing options, including Term Financing, Cash Line Facilities, and Trade Facilities, this initiative aims to address long-standing financing challenges faced by MTCs that often hinder business expansion.