Welcome to the BAP FAQ section. Here you’ll find quick answers to common questions about our Business Accelerator Programme (BAP) 2025. Whether you’re wondering how it works, who’s eligible, or how to manage your payments, etc. If you can’t find what you’re looking for? Reach out to our support team — we’re happy to help.
- What type of financing is offered?
- Is the financing Shariah-compliant?
- Who is eligible to apply?
- What sectors are excluded?
- Can previous BAP recipients apply again?
- How much can I apply for and what is the profit rate?
- What can the financing be used for?
- How do I apply and what documents are required?
- How does the 40% rebate work?
- Do I need to apply for the rebate?
- What are the conditions to qualify?
- Are there any platform fees?
- Do I need to submit invoices?
- Application and Disbursement timeline
A.
Yes, its a Shariah-compliant financing
Local companies that meet the SME definition, possess a valid SME Status Certificate and PBT license.
Open to all sectors EXCEPT primary agriculture, finance, insurance, real estate and securities trading (priority is given to high-growth industries)
Yes, the company is still eligible to apply.
The maximum financing amount is RM 400,000. The profit rate is 3.5% per annum.
The use of funds are eligible for:
• Working capital (e.g. raw materials, salaries, rent, utilities)
• Equipment and machinery purchase
• Product certification
• Advertising & promotion
• ICT adoption
• ESG Initiatives
You can apply for the financing at www.smecorp.microleapasia.com
• NRIC of applicant & guarantor
• 6 Months latest bank statement
• At least 2 years of signed management accounts
• Copy of an active PBT License
• Business owner profile photo
• Proof of business premises (photo/video)
Awarded if:
• 60% of financing is repaid on time
• No defaults, restructuring, or early settlement before 60% repayment
• Minimum financing tenor for grant conversion is 24 Months
No need to apply separately but the grant will take into effect subject to SME Corp approval.
• Malaysian-registered SME with valid SSM registration
• Holds a valid Sijil Akuan Status PKS
• Minimum 60% local equity
• Valid business license (PBT)
• Minimum 12 months in operation
• Priority given to SMEs with good financial track records
Platform fee: 4%–5%, depending on approved amount
No invoices required for utilisation
• Approval: Within 14 working days after full document submission
• Disbursement: Within 1–3 working days post-approval
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