DANA AUTOMOTIF BUMIPUTERA (DAB)

SOFT LOAN SCHEME FOR BUMIPUTERA AUTOMOTIVE ENTREPRENEURS (SLBAE)

OBJECTIVE

  • Facilitate and assist Open Approved Permit (AP) Holders to expand and diversify into other automotive-related businesses; and
  • Sustain and enhance Bumiputera participation in the automotive industry.

ELIGIBILITY

Companies incorporated under the Companies Act 1965 with:

  • Open AP Holders or joint venture companies with at least 30% equity held by Open AP Holders and as reflected in their Board of Directors and managerial, technical and supervisory aspects; and
  • Possess a valid premises licence.

SECTOR

  • Automotive – related manufacturing; and
  • Automotive – related services.

AMOUNT

  • Minimum: RM100,000
  • Maximum: RM5,000,000

ELIGIBLE ITEMS

  1. Purchase of land & construction of buildings and purchase of ready-built buildings;
  2. Renovation / upgrade of service centres;
  3. Purchase of new / used / reconditioned plant & machinery / equipment*;
  4. Purchase of other fixed assets related to automotive industries;
  5. Costs incurred / to be incurred in securing automotive distributorships / dealerships from existing franchise holders; and
  6. Working capital in the form of:
    1. Purchase Revolving Credit:-
      Working capital requirement for the purchase of raw materials / stocks / consumables / spare parts / services supplied by suppliers / sub-contractors used in the business operations;
    2. Sales Revolving Credit:-
      Working capital requirement in relation to the sales and / or supply or provision of the goods and / or parts, products or services; or
    3. Term Loan
      Working capital requirement for the purchase of raw materials / stocks / consumables / spare parts supplied by suppliers / sub-contractors used in the business operations.

* for used / reconditioned machinery and equipment, the age shall not be more than 5 years old.

FINANCING

  1. Up to 90% of the costs of land / building construction / ready-built buildings or renovation / upgrade of service centres or new plant & machinery / equipment and / or related fixed assets;
  2. Up to 65% of the costs of used / reconditioned plant & machinery / equipment which are not more than 5 years old;
  3. Up to 80% of the costs incurred / to be incurred in securing automotive distributorships / dealerships from existing franchise holders;
  4. Working Capital:
    1. Up to 100% for Purchase Revolving Credit;
    2. Up to 80% for Sales Revolving Credit; and
    3. Up to 80% for Term Loan.

TENURE

  • Land & Buildings – up to 25 years including grace period of up to 2 years.
  • Plant / Machinery / Equipment / Related Fixed Assets – up to 6 years including grace period of up to 1 year.
  • IT Equipment – up to 4 years including grace period of up to 1 year.
  • Securing automotive distributorships / dealerships – up to 3 years including grace period of up to 1 year.
  • Working Capital
    • Sales Revolving Credit & Purchase Revolving Credit – up to 150 days for each drawdown including an option to rollover for a period not exceeding 60 days for eligible Customer(s); and
    • Term Loan – up to 3 years including grace period of up to 1 year.

INTEREST / PROFIT RATE

  • 3.5% per annum on yearly rest.

LIST OF DOCUMENTS REQUIRED FOR FINANCING APPLICATION UNDER SOFT LOAN SCHEME FOR BUMIPUTERA AUTOMOTIVE ENTREPRENEURS (SLBAE)

MANAGEMENT & FINANCIAL (ALL REQUIRED)

  1. A certified true copy of Memorandum of Articles of Association (M&A), latest Companies Registry Form 44, 24, 32A and 49
  2. Complete set of Audited Accounts for the last 5 years
  3. Latest Management Account together with trade debtors and trade creditors aging list
  4. Valid business premises licence
  5. Copies of Letters of Offer for all existing banking, hire purchase and leasing facilities
  6. Photocopies of latest bank statements (last 6 months)
  7. Corporate Profile

FOR LAND AND BUILDING FINANCING

  1. Valuation report for land / ready built building and catalogue (if any)
  2. Set of building plans
  3. Estimated / actual cost of building construction (including mechanical and electrical installation) by architect / consultant / engineer
  4. A copy of land title
  5. A stamped copy of Sale and Purchase Agreement (if available)

FOR MACHINERY AND EQUIPMENT

  1. a. Quotation / pro-forma invoice / invoice / catalogue (if available) for items to be financed

For more information, please contact our Sales Officers:-
KL – 03-2772 1892 / 03-2173 8596 / 03-2173 8682 / 03-2772 1889 / 03-2173 8613 / 03-2173 8632
Northern Region (Penang) – 04-2298 434 / 435 / 436
Southern Region (Johor Bahru) – 07-2232 727 / 2243 046
Eastern Region (Kota Bharu) – 09-7483 546 / 7461 679
Sabah – 088 – 211 633 / 523
Sarawak – 082-254 533 / 203
or email your inquiry to inquiry-feedback@midf.com.my.

MIDF OFFICES

Central Region

Level 15, Menara MIDF,
82, Jalan Raja Chulan,
50200 Kuala Lumpur.

Northern Region

3rd Floor, Wisma Leader,
No. 8, Jalan Larut, 10050 Penang.

Southern Region

Rooms 202-203, 2nd Floor,
Bangunan Bank Negara,
Jalan Bukit Timbalan,
80000 Johor Bahru,
Johor Darul Takzim.

Eastern Region

Lot 304-307, Aras 3, Wisma Perkeso,
Jalan Kota Darul Naim,
15720 Kota Bharu,
Kelantan Darul Naim.

Sabah

3rd Floor, Bangunan Bank Negara,
Jalan Tun Razak, Sinsuran,
88000 Kota Kinabalu,
Sabah.

Sarawak

Rooms 401-402, 4th Floor,
Bangunan Bank Negara,
Jalan Satok,
93400 Kuching,
Sarawak.