I tried SME bank and it is disappointing to know the only start up loan that fits a new business is meant for Malay, go there and see if you get the same reject before you even open your mouth.

SME scheme used to be under MCA but was abused then and now gov separated it, still keep the same people. For all I know, gov grant is dried up but announce the allocation fund, this kind of condition created false sense of hope and the result is moving money or business offshore or localized and don't even need to borrow from banks.

Many local businesses are partnership at first (share the burden) and split to venture out individually or from retirees just to start the business and hire young people every year to keep it running to generate continuous income only.

So, the best way is to involve relatives and family instead of loan, I also hear that loan-shark pretend to be investor and after they gave you the money, they unveil the truth.