Maybank has launched SME Perkasa, a RM1 billion financing initiative to help eligible Malaysian SMEs access working capital faster.
The programme targets businesses facing rising costs and cash flow pressures, with RM1 billion in approvals to be made over the next 12 months.
Eligible SMEs can apply for up to RM1 million in financing, with a six-month principal payment deferment.
Maybank said disbursements can be made within 48 hours after full document execution.
The fast-track process uses customers’ existing transaction and banking relationship data with Maybank to support credit assessment.
SME Perkasa is available to existing Maybank SME customers across 10 priority sectors.
These include logistics, wholesale distribution, construction, food supply chains, fabricated metals and industrial goods, agriculture, furniture, machinery importers, petrol station dealers and courier services.
SME customers from other sectors may also apply, subject to assessment.
The programme supports Maybank’s ROAR30 strategy to mobilise RM100 billion in SME financing by 2030.
Syed Ahmad Taufik Albar, Group CEO, Community Financial Services at Maybank, said,
“SMEs are navigating a far more demanding operating environment today, with rising costs and tighter cash flows becoming immediate concerns. In such conditions, access to financing alone is not enough—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 the advisory support to help them respond decisively and stay resilient.”
Applications for SME Perkasa are now open through Maybank’s website or relationship managers.
Featured image: Edited by Fintech News Malaysia, based on image by wahyu_t via Magnific
