Amid the Covid-19 Pandemic and Movement Control Order, it’s important to be proactive and prepare your business to mitigate any potential impact.

First, curb your business expenses. Scrutinise your regular spending on rent, marketing and other fees – you may discover solutions that may help alleviate your costs.

In fact, Bank Negara has announced that individuals and SMEs with eligible loans are automatically enrolled for a 6 month moratorium. With this ease of cash flow, your funds can now be used for your daily operating expenses or exploring a new business model to maintain business continuity. For instance, to explore digital business solutions for your brick and mortar business.

If you still need working capital to boost your business, you may consider switching from short-term loan to long-term loan. Longer tenure lowers your monthly instalments. Banks are offering various loans that can alleviate your financial burdens, so explore your options and choose the loan that best suits your business needs.

 By being agile and adaptable we will overcome adversity.

 Stay safe and explore solutions for your finances! Find out the available Maybank SME Solutions here