{"id":66538,"date":"2025-01-08T10:15:29","date_gmt":"2025-01-08T02:15:29","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=66538"},"modified":"2025-01-08T10:36:15","modified_gmt":"2025-01-08T02:36:15","slug":"mara-business-loans","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/mara-business-loans","title":{"rendered":"MARA Business Financing Facilities, Here’s What’s Available"},"content":{"rendered":"

Earlier this month, Malaysians were shocked when news of Majlis Amanah Rakyat (MARA) <\/span>moving to file for bankruptcy<\/span><\/a> against a local celebrity surfaced. According to news reports, the actress failed to repay her MARA loan and was unresponsive when MARA approached her regarding the repayments, which led to MARA taking the drastic action.<\/span><\/p>\n

Although the celebrity involved has since repaid <\/span>part of her loan<\/span><\/a>, the fact that MARA provided business loans came as a surprise to many Malaysians. This is due to the fact that most Malaysians know MARA for their education initiatives, such as their education loans and scholarships.<\/span><\/p>\n

And this is why in this article, we\u2019re going to help you understand what kind of business loans MARA offers.<\/span><\/p>\n

<\/span>Types of business financing by MARA<\/strong><\/span><\/h2>\n

Did you know? MARA offers <\/span>14 different types of business financing facilities<\/b>, all with different goals and eligibility requirements.<\/span><\/p>\n

Let\u2019s have a look at each and every one of them.<\/span><\/p>\n

Youth \/ MARA Educational Institution Graduate Entrepreneur Programme (PUTRA)<\/strong><\/h4>\n

Purpose<\/b>: To provide financing facilities for micro businesses for all sectors such as retail, manufacturing and services except agriculture and livestock farming.<\/span><\/p>\n

Maximum limit<\/b>: RM10,000<\/span><\/p>\n

Financing Scheme for Persons with Disabilities (OKU)<\/strong><\/h4>\n

Purpose<\/b>: To provide a special financing facility for Persons with Disabilities (OKU) to help them be independent in managing their own businesses<\/span><\/p>\n

Maximum limit:<\/b> RM50,000.<\/span><\/p>\n

Financing Scheme for IPMA Graduates (SEMAi)<\/strong><\/h4>\n

Purpose<\/b>: To provide business financing for IPMA graduates to operate a commercial business.<\/span><\/p>\n

Maximum limit<\/b>: RM50,000.<\/span><\/p>\n

Special Business Financing Scheme for Women (DanaNITA)<\/h4>\n

Purpose<\/b>: To enhance Bumiputra women\u2019s participation in entrepreneurial activities, empower existing Bumiputra women entrepreneurs and increase household income<\/span><\/p>\n

Maximum limit<\/b>: RM150,000.<\/span><\/p>\n

Professional Financing Scheme (ProSPEC)<\/h4>\n

Purpose:<\/b> To provide business financing facilities under the Professional Entrepreneur Development Programme (ProSPEC) and to increase the participation of Bumiputera entrepreneurs in the field of professional entrepreneurship<\/span><\/p>\n

Maximum limit:<\/b> RM500,000.<\/span><\/p>\n

Technical Entrepreneur Development Programme (PUTEK)<\/b><\/h4>\n

Purpose:<\/b> To create new entrepreneurs in the technical field based on their existing skills<\/span><\/p>\n

Maximum limit:<\/b> RM500,000.<\/span><\/p>\n

Business Financing Scheme (SPiM)<\/b><\/h4>\n

Purpose<\/b>:To provide business financing facilities to Bumiputera entrepreneurs in major sectors such as Trade, Services and Manufacturing except for Agriculture and Livestock Farming<\/span><\/p>\n

Maximum limit<\/b>: RM500,000.<\/span><\/p>\n

MARA Integrated Smart Auto (MISA)<\/b><\/h4>\n

Purpose:<\/b> To increase the number of Bumiputera entrepreneurs in automotive that provide 3S (Sales, Service & Spare parts) and to provide opportunities and help entrepreneurs upgrade their existing workshop<\/span><\/p>\n

Maximum limit:<\/b> RM1,000,000.<\/span><\/p>\n

Industry Value Chain Development Programme \u2013 (PRiN)<\/b><\/h4>\n

Purpose:<\/b> To contribute to the growing number of Bumiputera entrepreneurs in middle-class business in preparation for becoming a top entrepreneur and eventually a global player and to strengthen the participation of Bumiputera entrepreneurs throughout the industry value chain, and push them to a higher level to eventually become the small scale support for top entrepreneurs and form a niche market<\/span><\/p>\n

Maximum limit:<\/b> RM1,000,000.<\/span><\/p>\n

Express Contract Financing Scheme (SPiKE)\/SPiKE GLC<\/b><\/h4>\n

Purpose<\/b>:Provide short-term financing facilities to Bumiputera contractors in construction, supply, service and electricity contracts<\/span><\/p>\n

Maximum limit<\/b>: RM1,000,000.<\/span><\/p>\n

MARA Entrepreneur Guarantee Scheme (SJUM)<\/b><\/h4>\n

Purpose:<\/b> Offers a financing facility to Bumiputera entrepreneurs using funds from the bank and MARA acting as the guarantor of the loan provided.<\/span><\/p>\n

Maximum limit:<\/b> RM2,000,000.<\/span><\/p>\n

Bumiputera Export Promotion Programme (GEB)<\/b><\/h4>\n

Purpose<\/b>: To provide financing facilities to assist potential Bumiputera SME entrepreneurs penetrate international markets<\/span><\/p>\n

Maximum limit:<\/b> RM2,500,000.<\/span><\/p>\n

Other than these loans, MARA also offers other financing facilities as well, such as;<\/span><\/p>\n

Business Certification Financing Scheme (CERT)<\/b><\/h4>\n

Purpose: <\/b>Provide funds \/ financial support to entrepreneurs in the pursuit of halal certification.<\/span><\/p>\n

Maximum limit: <\/b>RM100,000<\/span><\/p>\n

Business Premises Purchase Financing Scheme (SPiM PREMIS)<\/b><\/h4>\n

Purpose: <\/b>Supporting entrepreneurs to have their own properties and increase the ownership of non-financial assets for Bumiputera.<\/span><\/p>\n

Maximum limit: <\/b>The maximum financing limit is 95% of the purchase cost of the premises, while the remaining 5% must be contributed by the applicant. For Sole Proprietorship \/ Partnership the limit is RM1,000,000.00 and for Private Limited (Sdn. Bhd) the limit is RM2,000,000<\/span><\/p>\n

And so that is all of the financing facilities available from MARA. Now let\u2019s get to the next question, which is are you eligible for any of this?<\/span><\/p>\n

<\/span>Am I eligible for any of MARA\u2019s financing facilities?<\/strong><\/span><\/h2>\n

Now this question is a bit tricky to answer, because all of MARA\u2019s financing facilities come with different eligibility criteria. Here are some of the universal eligibility criteria to help you get started;<\/p>\n