Money for Entrepreneurs with brilliant business ideas

The Importance of capital money for entrepreneurs with brilliant business ideas.money for entrepreneur

It is a widely known fact that capital money for entrepreneurs is very important to kick start a business venture.  Various government and private financial institutions offers assistance and financial loan to entrepreneurs to open up their business. This is not limited to the entrepreneur as the current one’s also has be given the opportunity to expand their existing business. Good business ideas will dictates that this is the most important aspect and element which need to be addressed before one’s venture into a business.

Funding or money for entrepreneurs is the backbone of the success of one business venture.  Along with business ideas and connection, this is the basis element of a business. However, there is always difficulty for a budding entrepreneur or aspiring young graduates to obtain loans or money to kick start their business venture. However, the current government policy is to help them and ease their way to obtain the desire financial loans. Now a day, the government are offering grant and soft loans to the aspiring entrepreneur. The local financial institutions also had ease their strict policies to grant loans to entrepreneur. They will grant loans to any borrower who has a good business plan and ideas which is capable of reaching their full potential.

The Malaysian government has introduces a scheme to help the aspiring entrepreneur and young graduates to start their own business venture.  This programme is called Graduate Entrepreneur  Fund. The easy loan scheme was launched under the 8th Malaysia Plan, with an interest rate of between two and four percent. This is timely move by the government to provide money for entrepreneurs. Recently, the amount of financing under the RM45 million Graduate Entrepreneur Fund has been increased to RM500,000 from RM250,000, and up to RM750,000 for the buy-over of a company. Furthermore, this loan assistance is targeting various age category of graduates. This is evident by  the amount of financing under the RM45 million Graduate Entrepreneur Fund has been increased to RM500,000 from RM250,000, and up to RM750,000 for the buy-over of a company. Most importantly, this funding also not restricted to the young graduates as the individual who is eligible and meet the requirements also entitle for the loan assistance. A progressive approach and wise business ideas from the Malaysian government to encourage the youth to venture into business.

Next,  the government via the Credit Guarantee Corporation (CGC) has encourage the local private financial institution to ease loans and money for entrepreneurs. CGC was established with the objective to assist Small and Medium Scale Enterprises (SMEs) without or with inadequate collateral to access credit facilities from financial institutions. In one of the brilliant business ideas initiated by the government, theCGC offers many schemes for Malaysian owned and controlled private limited companies registered under the Companies Act 1965 including franchise, islamic product related businesses, start-up businesses (operation less than a year) and small entrepreneurs. Furthermore, its offers assistance to SMEs in modernizing the business ideas of their operations as well as working capital and is applicable to both start-ups and existing companies.