Business Accelerator Program (BAP)
BAP is a collaborative financing program with SME Corp.
With the objective of providing financial assistance to SMEs.
It is to assist SMEs in strengthening their core business, building capacity and capability, and facilitating access to financing.
Purpose
- Fixed Asset
- Working Capital
Eligibility
- SMEs incorporated under Companies Act
- SME Corp's SCORE 2 or higher
- Large enterprise ownership of not more than 20%
- Valid business (business license from local authority, valid business premise)
- Full time business operator
- The Company has been in operations for at least 6 months.
Financing Concept
- Commodity Murabahah Term Financing-i (CMTF-i)
- Revolving Credit-i
- Cash Line-i
- Ijarah Thummal Bai’ Term Financing (ITB)
Financing Limit
- Minimum : $50,000
- Maximum : $1,000,000
Profit Rate
- Minimum : $50,000
- Maximum : $1,000,000
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