Business Expansion Fund (BEF)

The Business Expansion Fund (BEF) was introduced to assist Bumiputera technology based business entities to expand their operations locally and internationally. The fund offers a combination of equity and loan based financing. The equity portion will be offered through the subscription of RCPS (Redeemable Cumulative Preference Shares) without any collateral and coupon rate or interest for a period of 5 years. However, the applicant will be required to pay the full amount together with IRR of 10% at the fifth year or at a time the applicant decided to redeem the RCPS.  The loan amount will be raised through participation from commercial banks with MTDC assistance or bank of your choice.