Key Takeaways
- AKPK SME loan provides essential financial support and access to expert advice and guidance to SMEs.
- Business owners can consult AKPK for advice related to loan repayments via AKPK’s financial advisory service.
- SMEs within the microenterprises category can seek assistance for loan repayments through AKPK’s SME Help Desk.
- An alternative solution to AKPK would be to apply for a new SME loan.
A pivotal financial support for small and medium-sized enterprises (SMEs) in Malaysia is the AKPK SME loan.
This initiative by the Credit Counseling and Debt Management Agency (AKPK) is tailor-made to address the unique challenges Malaysian businesses face, providing essential funding and expert financial guidance.
For growing SMEs or those in need of a financial boost, understanding the intricacies of the AKPK SME Loan could be the advantage needed to flourish in the competitive marketplace.
Let’s explore how AKPK can help businesses remain resilient and navigate difficult financial situations.
SME Financial Advisory Service
In the complex world of business financing, SMEs often need expert advice and guidance, especially when it comes to managing loan repayments.
The AKPK’s SME Financial Advisory Service fills this gap, offering registered businesses, partnerships, and sole proprietorships a helping hand in navigating their financing options.
SMEs can explore a variety of financing avenues, including:
1. Traditional Loans
Applying for loans or financing from conventional sources such as banks, Development Financial Institutions (DFIs), and government agencies.
2. Alternative Financing
Non-traditional financing options like peer-to-peer lending and guarantee schemes, which can offer more flexible terms and conditions.
3. imSME Referral Platform
Utilising the imSME platform, SMEs can find financing facilities that best match their specific needs, ensuring they get the most suitable support available in the market.
Small Debt Resolution Scheme (SDRS)
The AKPK’s Small Debt Resolution Scheme (SDRS) is specifically designed to assist SMEs struggling to meet their business financing obligations to multiple banks.
Recognising the complexity involved in such situations, AKPK acts as an intermediary to facilitate debt restructuring requests.
SMEs burdened with loans or financing from various banks can approach AKPK, which will then arrange a meeting with the involved banks to explore viable debt restructuring solutions.
Read More: How to Compare Personal Loans in Malaysia: What to Consider
SME Help Desk
AKPK’s SME Help Desk provides dedicated assistance and financial advice to microenterprises struggling with loan repayments.
When such difficulties arise, the Help Desk facilitates the submission of repayment assistance requests to the respective banks.
New SME Loan
SMEs looking for financial avenues without the involvement of AKPK’s debt management programmes can explore another viable option: obtaining a new SME loan.
This solution allows SMEs to consolidate their existing loans, potentially reducing their financial burden and simplifying their repayment process.
Moreover, the new SME loan can provide additional funds, offering businesses the financial breathing space they need to invest in growth opportunities and enhance operations.
Read More: Personal Loan for Business in Malaysia: Why You Should Apply
Bluebricks’ Professional Loan & Consultancy Services
AKPK is dedicated to empowering Malaysian SMEs, providing them with the tools and support necessary to navigate the financial challenges of the business world.
As a reputable bank loan and debt consolidation agency, Bluebricks also provides essential support for businesses aiming to improve their credit records and cash flow.
Bluebricks offers a wide range of financial solutions for your unique goals, including:
- Personal loan services
- SME loan services
- Mortgage loan services (for buying a new home, refinancing and cashback purposes)
- Collateral loan services
Plus, our loan specialists offer personalised guidance through careful consideration of these aspects:
- The specific loan amount you require.
- The urgency with which the loan amount is needed.
- Whether you or your parents own a property that has been held for over ten years.
- Your income level.
- Your CTOS score (such as your credit score and credit history).
Why Bluebricks
1. One of the Top 10 Leading Loan Agencies in Malaysia
Our loan agents represent both individuals and businesses, offering technical financial advice to help secure loan approvals. Even if banks have previously rejected you, we provide access to a broad spectrum of loan options. Our aim is to enhance the success rate of your loan applications and minimise rejections.
2. Over 10 Years of Experience
With over a decade of experience and current banking knowledge, we excel in securing personal, business, mortgage, and collateral loans, navigating challenges like CTOS/CCRIS, and guiding clients confidently towards successful loan approvals.
3. One-Stop Solution
We provide a one-stop loan service, compiling various options from banks and credit institutions for you. Simply submit your income statement, assets, liabilities, employment record, and credit history, and we’ll handle the collateral and documentation to streamline your loan approval process.
4. Full Financing with 100% Bank Loans
We ensure 100% bank loan availability to provide full financial support, making it easier to achieve your goals and build a positive credit history.
5. No Upfront Payment Required
Our no upfront payment policy is designed to ease your financial journey, allowing you to start your investment without initial costs, reducing immediate burden and demonstrating our commitment to your satisfaction and trust.
