The Advisory Experience
During consultation, the financial advisor will gauge the SMEs’ level of indebtedness and ability to fulfil their financing repayment obligations.
As the financial advisor provides guidance in choosing the appropriate solutions to address their financial distress, SMEs will also be given insightful information on the effects of their choices. SMEs will be able to weigh the pros and cons while considering the costs involved:
- i.e. restructuring, rescheduling and deferring existing loan repayments to the total entire loan amount as well as legal consequences
- i.e. recoveries process and winding-up of the company or guarantor being declared bankrupt if the company/business fails to fulfil its responsibilities to the financial institution.
In addition to that, the financial advisor will also provide:
- necessary advice on maintaining financial documentation, i.e. audited account, financial management reports, the adaptation of e-payment technologies to address issues on business transactions and sales, budget, cash flow etc.
- other possible avenues for eligible SMEs to seek further financing through several entities, i.e. government-related agencies or alternate financiers such as Peer-to-Peer (P2P) financing and Equity Crowd Funding (ECF).
For access to financing from the best matched financing facility available in the market, SMEs are advised to take full advantage of imSME as a referral platform. To apply, SMEs can visit www.imsme.com.my for details.
Effective credit management can help reinvigorate SMEs’ performance and further enhance their chances of obtaining future loans from the financial institutions as well as non-financial institutions. This indirectly helps the economy of the country and also preserve the well-being of income sources while further enhancing the competitiveness of our SMEs in the future.
* *If it is affordable, SMEs are advised to resume their financing repayment obligations as any unnecessary decision to defer the instalments or to restructure or reschedule the financing will eventually increase the overall cost of debt that the SMEs have to repay in the future.
Financial Advisory Schedule
The service is available at all AKPK branches across the nation from 9am to 4:30pm. Please note that we are closed on public holidays
Branches
Day
Time
All AKPK Branches
Monday to Friday
9am - 4:30pm
Kota Bharu & Kuala Terengganu
Sunday to Thursday
9am - 4:30pm
All AKPK Branches
Day:
Monday to Friday
Time:
9am - 4:30pm
Monday to Friday
Time:
9am - 4:30pm
Kota Bharu & Kuala Terengganu
Day:
Sunday to Thursday
Time:
9am - 4:30pm
Sunday to Thursday
Time:
9am - 4:30pm