To assist Malaysian entrepreneurs in obtaining credit / financing facilities for the purpose of setting up or expanding existing Malaysian restaurants overseas.
Major Goals
To promote and export Malaysian cuisine, agriculture produce, agro-based products & handicrafts abroad.
To develop international Malaysian restaurant franchises & brand with certification marks of quality.
Facility
MalaysiaKitchen Financing Facility
Purpose
To part-finance the construction/renovation cost of the restaurant, purchase of equipment, utensils and/or appliances required for the purpose of operating the restaurant.
To part-finance the working capital for the operation of the restaurant.
Margin of Financing
Up to a maximum of 90% of the project cost
Eligibility
Malaysian owned and/or controlled companies with minimum shareholding of 70% of total registered capital either incorporated under Malaysian Companies Act 1965 or under the Private Limited Company in the country of operation.
Related working experience of either one (1) year in overseas restaurant or three (3) years locally. However, if the applicant /borrower is submitting the application via Myfranchise Sdn. Bhd., the experience requirement is waived.
Tenor
Up to a maximum of five (5) years (inclusive of a grace period not exceeding six (6) months)
Pricing
3.0% p.a.
Currency
Ringgit Malaysia (RM)
Repayment
Monthly
Credit Support
Personal guarantee, Directors Joint & Several Guarantee and/or Corporate Guarantee
Security
Any or not limited to the following:-
Debenture over fixed and floating assets of the restaurant
Charge over land and/or restaurant overseas and/or Malaysia
Pledged of Fixed Deposits and/or Shares
Establishment of Debt Service Reserve Account (DSRA)
Note: The terms and conditions stated above are subject to review from time to time.
