By Nasuha Badrul Huzaini
SHAH ALAM, Aug 6 — As of July 30, Selangor Advance has approved funds amounting to RM472 million for small and medium enterprises (SMEs) in the state, says Menteri Besar Dato’ Seri Amirudin Shari.
He said some 925 companies have applied for the financing scheme.
“The financing will help to ensure the continuity of a company’s cash flow, giving some assurance to its employees and their wellbeing.
“To know more about how the initiative can be of help to smooth out the cash flow process of your business and strengthen your rolling capital, visit www.selangoradvance.com.my for more further information,” he said on Facebook today.
Selangor Advance was introduced on June 22, 2020, as an easy and flexible financing scheme for SMEs, especially contractors and service providers, to ease them through the challenging Covid-19 business landscape.
On June 9, the financing scheme received RM200 million in additional funds from the Kita Selangor Package 2.0.
