SME Directory of Malaysia, Malaysia Business Portal

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The Small and Medium Enterprise (SME) plays an important part towards achieving economic growth in our country. Although SME business may be considered risky, our experience has shown that it is a profitable and rewarding business for the banks – and mutually beneficial to SMEs as well. SMEs contributed 32 per cent of the country’s Gross Domestic Product in 2005 and have targeted to increase to 37 per cent by 2010. To date, the financial institutions have been the main supporters for the SMEs, providing financing of up to RM 120 billion.

With the country feeling the effects of the global economic slowdown, SMEs especially will be impacted as they face challenges affecting business opportunities. SMEs are taking a cautious stance in deciding whether to invest in assets and incremental working capital due to economic uncertainties in the immediate term.

The government has come up with various financing assistance schemes to promising SMEs and also to encourage continued growth of this important sector. Amongst these are equity financing, soft loans and tax incentives which are beneficial to a business’s success.

To be recognized as the SME’s business partner, the bank will ensure that we will be at their side in these challenging times by embarking on an exercise to make all banking products and services simplified. We offer straightforward SME financing products with quick turnaround times.

Over the years, RHB Bank has continued to enhance its role as a financial institutions dedicated to providing local SMEs with the necessary financial boost to take them further. RHB Bank understands that most local SME businesses face a daunting task in obtaining loans for both business and property, and hence has come up with simple application processes.

RHB offers a range of RHB BizPower loans which are processed using an up-to-date credit scoring software that determines the credit worthiness, loan eligibility by looking into the SME customer’s business experience, financial performance and payment history. This has positioned RHB as one of the leading Financial Institutions in terms of fast approvals.

The Program Lending approach utilized by the bank puts RHB ahead of other Financial Institutions.  For nearly four years now, RHB Bank has put in place a number of dedicated teams to focus on SME loan origination and approval. Together with a streamlined origination and approval workflow, this has greatly sped up the processing of loans from SME applicants.

Under the umbrella of RHB BizPower, SMEs can choose from a few products to suit their financial needs. Amongst the products offered by RHB Bank are:

•    BizPower Business Loans package which caters to borrowers who need up to RM 1 million in working capital facilities. This facility can be in the form of a term loan, overdraft or trade facilities (such as a bank guarantee, letter of credit etc).


•    BizPower Property Loans package of up to RM 5 million for financing or refinancing various property types. This is competitively priced with flexible financing tenures to meet the needs of SMEs.
 
RHB also actively promotes the SME Assistance Guarantee Scheme (SAGS) which is a Credit Guaranteed Scheme as additional business friendly options and solutions for SMEs.

RHB has always positioned itself to play a significant role in providing financial assistance to the SMEs by understanding the situations and challenges faced by them and offering a range of solutions that meets their needs. As we strive to be the SME’s preferred business partner, we constantly listen to our customers for continuous improvement to our products and services.