Purpose

• Working capital and/or
• Capital expenditure
• Refinancing of up to 50% of total financing approved

Note:

Note: 50% of financing approved can be used to refinance existing business financing (existing business financing excludes financing obtained under BNM's Fund for SMEs)

Eligibility

Note:

• The eligible sectors are as follows:
  • Core tourism:
    • Tourism accommodation premises (e.g. budget hotels, registered homestays, chalets and resorts)
    • Travel agencies & tour operators; and
    • Transportation for tourists (e.g. bus, boat and car rental operators)
  • Tourism-related sectors:
    • Medical tourism
    • MICE (Meetings, Incentives, Conference, Exhibitions) ecosystem
    • Money services businesses (MSB) – applicable to money changing operators who mainly serve inbound and outbound tourists; and
    • Capacity building institutions which are primarily set up to provide tourism related courses/training and licensed by or registered with MOTAC
    • Tourism-related retail, recreation and wellness that can justify significant reliance on tourists.