FAQ
Frequently Asked Questions
A: Yes and No. Unfortunately, 90% of banks will not provide loans to brand new companies as the company does not have a valid credit score. However, we can assist new companies in negotiating with banks, provided that the company’s bank statements for the past 6 months show an average of RM50K per month.
A: There can be many reasons as to why a company seeks funding. Here are some key factors:
- To Amplify Leverage
- To Fuel Business Expansion
- To Ensure Healthy Cashflow
- To Enhance Corporate Credibility
- To Facilitate Reinvestment
A: For more information on the documents needed for funding applications, please check out How To Apply For Funding page.
A: Profit and loss is one of the factors lenders will review on your funding application. The profit and loss statement summarises revenues and expenses of your business during a fiscal quarter of the year. With these records, the lender can get a bigger picture of your business’ ability to be profitable.
