Syarikat Jaminan Pembiayaan Perniagaan approves guarantees involving RM1.22b in financing for O&G services and equipment industry

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KUALA LUMPUR, Oct 19 — Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has approved about 900 applications from small and medium enterprises (SMEs) and mid-size companies...

Syarikat Jaminan Pembiayaan Perniagaan Bhd has approved about 900 applications from small and medium enterprises and mid-size companies , involving RM1.22 billion in financing from financial institutions through guarantee schemes for the oil and gas services and equipment industry since 2009 until this year. — Reuters picKUALA LUMPUR, Oct 19 — Syarikat Jaminan Pembiayaan Perniagaan Bhd has approved about 900 applications from small and medium enterprises and mid-size companies , involving RM1.

The OGSE Roadshow was organised by Malaysia Petroleum Resources Corporation and highlighted some of the progress made under the National OGSE Industry Blueprint since its launch in April 2021. Noorshiha said SJPP has worked closely with participating financial institutions to serve the SMEs and MSCs market by offering attractive credit terms and conditions.She said SJPP currently has 24 types of schemes supporting SMEs and MSCs in all industries and sectors to access credit facilities, of which nine are active.

Among them is the working capital guarantee scheme which is divided into three categories, one is for Bumiputera, one that serves woman entrepreneurs, and a regular working capital guarantee scheme. “Among the SMEs and MSCs that applied for the schemes, we received the highest number of applications from Terengganu, Sarawak and Johor,” she added. — Bernama

 

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