SME Bank has so far approved loans totalling RM11.02 million through its “Online Business Financing” (OBF) initiative.

Deputy Minister of International Trade and Industry (Miti) Datuk Ahmad Maslan said the ministry aims to accelerate loan approvals for online Bumiputera entrepreneurs through the initiative.

“So far, SME bank has approved loans to 82 entrepreneurs and ranging from RM20,000 to RM500,000,” he added.

Source: Bernama