Malayan Banking Bhd (Maybank) has introduced SME Perkasa, a targeted financing initiative aimed at helping small and medium enterprises (SMEs) manage rising costs and cash-flow pressures in a challenging operating environment.
The bank said it will provide up to RM1 billion in financing approvals over the next 12 months, with eligible SMEs able to obtain up to RM1 million in funding, along with a six-month deferment of principal repayments.
Maybank said approved applicants can receive disbursement within 48 hours once all documents are completed, supported by a fast-track credit assessment process that leverages existing customer transaction data to speed up approval.
Group chief executive officer of community financial services Syed Ahmad Taufik Albar said SMEs are facing mounting cost pressures and tighter cash flows, making both financing access and speed of approval increasingly important.
He said SME Perkasa is designed to ensure faster access to funds while also providing advisory support to help businesses remain resilient.
The initiative is open to existing Maybank SME customers across 10 key sectors, including logistics, construction, wholesale distribution, food supply chains, agriculture, machinery imports, courier services and petrol station dealers.
SMEs are encouraged to apply early or visit maybank.my/smeperkasa for more information.
