Shopee & Lazada Sellers Loan Guide 2025: Get RM50K-RM500K Business Financing Fast

Complete Financing Guide for Malaysian E-commerce Sellers

Are you a Shopee or Lazada seller struggling to get business loan? You're not alone. Thousands of Malaysian online sellers face rejection from traditional banks because:

• No physical shop address
• Cannot show rental agreement
• Sales fluctuate month-to-month
• Income comes from online platforms only

Good news: There are specialized financing options designed specifically for e-commerce sellers like you! This guide shows you EXACTLY how to get RM50,000 to RM500,000 to grow your online business.

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Table of Contents

1. Why Traditional Banks Reject Online Sellers
2. Platform-Based Financing (Shopee, Lazada, TikTok)
3. E-commerce Business Loans
4. Working Capital & Inventory Financing
5. Government Schemes for Digital Businesses
6. Required Documents for Online Sellers
7. How to Improve Approval Chances
8. Success Stories from Malaysian Sellers
9. Tax & Legal Compliance Tips
10. FAQ

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Why Traditional Banks Reject Online Sellers {#why-rejection}

Common Rejection Reasons

1. No Physical Business Address

• Banks want shop rental agreement
• Home-based businesses seen as "risky"
• P.O. Box addresses not accepted

2. Inconsistent Income

January: RM15,000 sales
February: RM8,000 sales (CNY slowdown)
March: RM25,000 sales (payday season)
April: RM12,000 sales

Banks see this as "unstable income"

3. Cannot Prove Business Legitimacy

• No SSM business registration (some sellers)
• No proper accounting records
• Sales data only in Shopee/Lazada dashboard

4. Young Business Age

• Banks want 2-3 years track record
• Many online sellers started recently (2022-2024)

5. Low Profit Margins

• E-commerce margins often 10-20%
• Banks prefer 30-40% margin businesses

But don't worry! Alternative financing options exist for you.

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Platform-Based Financing (Shopee, Lazada, TikTok) {#platform-financing}

1. Shopee Capital (formerly SPayLater Sellers)

What is Shopee Capital?

• Financing specifically for Shopee sellers
• Approval based on your Shopee sales history
• No need to visit bank!

Loan Details:

Eligibility:

✅ Active Shopee seller for at least 3 months
✅ Minimum RM10,000 monthly sales
✅ Good seller rating (4.5 stars and above)
✅ No disputes or policy violations
✅ Malaysian registered business or sole proprietor

How to Apply:

Step 1: Check Eligibility

1. Log in to Shopee Seller Centre
2. Go to "Shopee Capital" section
3. System will show if you pre-qualify

Step 2: Submit Application

1. Fill in business details
2. Upload documents (IC, bank statement, SSM)
3. Choose loan amount and tenure

Step 3: Get Approval

• Shopee reviews within 24-48 hours
• If approved, money credited to Seller Centre wallet
• Withdraw to your bank account

Repayment:

• Auto-deducted from your Shopee sales
• If sales below installment amount, deduct from your bank
• No early repayment penalty

Success Rate: 70-80% for sellers with consistent RM10K+ monthly sales

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2. Lazada Financing (LazCapital)

What is LazCapital?

• Business financing for Lazada sellers
• Powered by Funding Societies and Atome
• Based on your Lazada sales performance

Loan Details:

Eligibility:

✅ Selling on Lazada for at least 6 months
✅ Monthly GMV (Gross Merchandise Value) RM20,000+
✅ Seller performance rating: Good or Excellent
✅ Registered business (SSM) or sole proprietor
✅ Malaysian citizen or PR

How to Apply:

Step 1: Access LazCapital

1. Log in to Lazada Seller Centre
2. Navigate to "Finance" → "LazCapital"
3. Click "Apply Now"

Step 2: Complete Application

1. Business information
2. Bank account details
3. Upload supporting documents

Step 3: Wait for Approval

• Review takes 2-5 working days
• If approved, funds disbursed to your bank account
• Can use immediately for inventory or marketing

Repayment:

• Fixed monthly installment
• Auto-deducted from Lazada sales or bank account
• Flexible repayment options available

Pro Tip: LazCapital sometimes offers promotional rates during 11.11, 12.12, CNY sales. Apply during these periods for better rates!

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3. TikTok Shop Seller Financing

What is TikTok Shop Financing?

• New financing option for TikTok Shop sellers in Malaysia
• Launched in 2024, growing fast

Loan Details:

Eligibility:

✅ Active TikTok Shop seller
✅ Minimum 2 months trading history
✅ Average RM5,000+ monthly sales
✅ Good compliance record (no violations)
✅ Malaysian business registration

How to Apply:

1. TikTok Shop Seller Centre → "Financing"
2. Fill application form
3. Upload IC, bank statement, sales data
4. Wait 1-3 days for approval

Note: TikTok Shop financing is still new. Approval rates improving as the platform matures.

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E-commerce Business Loans {#ecommerce-loans}

4. Funding Societies (Revenue-Based Financing)

Why Great for Online Sellers:

• Approval based on REVENUE, not profit
• Shopee/Lazada sales data directly integrated
• No physical shop needed
• Fast approval (2-3 days)

Loan Details:

Eligibility:

✅ Malaysian registered business (Sdn Bhd, Enterprise, Sole Proprietor)
✅ Minimum 6 months trading history
✅ Monthly revenue RM30,000 and above
✅ Clean CCRIS (no bankruptcy)
✅ Can be 100% online business (no physical shop needed!)

How Funding Societies Evaluates Online Sellers:

Instead of asking for shop rental, they check:

• Shopee/Lazada sales dashboard (you screenshot and share)
• Bank account deposits from platforms
• Facebook/Instagram page engagement
• Google My Business reviews (if any)
• Product margins and repeat customer rate

How to Apply:

Step 1: Create Account

• Go to: https://fundingsocieties.com.my
• Click "Apply for Financing"
• Choose "SME Business Term Loan"

Step 2: Complete Online Form

1. Business details
2. Revenue information (connect Shopee/Lazada API or upload sales data)
3. Bank account (3-6 months statements)
4. Owner IC and SSM

Step 3: Get Offer

• Risk team reviews in 48-72 hours
• Receive loan offer with interest rate and amount
• Accept offer
• Money in bank within 1-2 days

Repayment:

• Fixed monthly installment (deducted from your bank)
• Early repayment allowed (save on interest!)

Success Rate for E-commerce Sellers: 65-75%

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5. CapBay (Invoice Financing)

What is Invoice Financing?

• Get money NOW based on your pending Shopee/Lazada payments
• Don't wait 7-14 days for platform to release funds
• Instant cash flow!

How It Works:

Normal Situation:
You sell RM50,000 on Shopee → Wait 7 days → Get paid

With CapBay:
You sell RM50,000 on Shopee → Get RM47,500 TODAY → CapBay collects RM50,000 from Shopee after 7 days
(CapBay charges RM2,500 = 5% fee)

Loan Details:

Eligibility:

✅ Selling on Shopee, Lazada, or other platforms
✅ Have pending invoices/payouts from platform
✅ Business registered in Malaysia
✅ Good seller rating on platform

How to Apply:

1. Sign up at: https://www.capbay.com
2. Upload your Shopee/Lazada invoices (pending payouts)
3. CapBay verifies with platform
4. Get 80-90% cash within 24 hours
5. CapBay collects full amount from platform when due

Best For:

• Need urgent cash for inventory restocking
• Big sale coming (11.11, 12.12) and need to stock up
• Seasonal sellers with lumpy cash flow

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6. Merchantrade Asia (SME Financing for Online Sellers)

Loan Details:

Eligibility:

✅ SME registered business (Sdn Bhd, Enterprise)
✅ Minimum 1 year trading history
✅ Annual revenue RM300,000+
✅ Accept 100% online businesses
✅ Clean CCRIS and CTOS

Documents Required:

• SSM (business registration)
• Latest 6 months bank statements
• Shopee/Lazada sales reports (PDF export)
• IC of directors/owners
• Latest financial statements (if available)

Apply at: https://www.merchantrade.asia

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Working Capital & Inventory Financing {#working-capital}

7. BOOST Capital (Working Capital Loan)

What is BOOST Capital?

• From the same company as Boost e-wallet
• Designed for digital businesses
• Fast approval using AI and data analytics

Loan Details:

Eligibility:

✅ Malaysian business (sole prop, enterprise, Sdn Bhd)
✅ Minimum 6 months operations
✅ Monthly revenue RM20,000+
✅ Accept online-only businesses

How to Apply:

1. Download Boost app (business version)
2. Navigate to "Financing"
3. Fill online form
4. Upload documents via app
5. Get decision within 24-48 hours

Website: https://www.boostcapital.my

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8. Grab Financial Group (GXBank Business Loan)

New in 2024!

• GXBank (Grab's digital bank) now offers business loans
• Integrated with GrabFood, GrabMart (good if you sell on Grab platforms)

Loan Details:

Apply via GXBank app (available on App Store and Google Play)

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Government Schemes for Digital Businesses {#government-schemes}

9. SME Bank - Digital Economy Financing

What is It?

• Government-backed financing for digital businesses
• Lower interest rates than private lenders
• Open to e-commerce sellers!

Loan Details:

Eligibility:

✅ Malaysian SME (51% Malaysian ownership)
✅ SSM registered
✅ Digital business (e-commerce accepted!)
✅ Annual sales RM300,000 - RM50 million
✅ Clean credit record

Documents Required:

• Business registration (SSM)
• Financial statements (last 2 years)
• Bank statements (6 months)
• Business plan
• Sales data from Shopee/Lazada
• Tax returns (Form B/BE or Form C)

How to Apply:

1. Visit SME Bank website: https://www.smebank.com.my
2. Download application form
3. Submit to nearest SME Bank branch
4. Wait for evaluation (2-4 weeks)

Pro Tip: SME Bank officers may not understand e-commerce well. Prepare a clear business plan explaining your online business model!

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10. CGC (Credit Guarantee Corporation) - BizMula-i Scheme

What is BizMula-i?

• Government guarantee scheme
• Banks more willing to approve because CGC guarantees 80% of loan
• Lower interest rates

Loan Details:

Participating Banks:

• Maybank Islamic
• CIMB Bank
• RHB Bank
• Bank Islam
• Bank Muamalat
• AmBank

Eligibility:

✅ Malaysian SME
✅ Minimum 6 months operations
✅ Annual sales up to RM50 million
✅ E-commerce businesses accepted
✅ Must apply through participating bank

How to Apply:

1. Choose a participating bank (e.g., Maybank Islamic)
2. Apply for "BizMula-i" financing
3. Bank evaluates your application
4. If approved, CGC provides guarantee
5. You get loan with lower interest rate!

Website: https://www.cgc.com.my

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Required Documents for Online Sellers {#required-documents}

Essential Documents Checklist

For Sole Proprietor / Enterprise:

✅ MyKad (IC) - owner
✅ SSM registration certificate (Form D or Form E)
✅ Bank statements (business account, 6 months)
✅ Shopee/Lazada sales reports (download from Seller Centre)
✅ Income tax return (Form B/BE - if filed)
✅ Utility bill (home address if home-based)
✅ Business plan (simple 2-3 page plan)

For Sdn Bhd:

✅ MyKad (IC) - all directors
✅ SSM Form 9, 24, 44, 49 (company info)
✅ Bank statements (company account, 6-12 months)
✅ Financial statements (latest 2 years, audited if annual sales > RM500K)
✅ Shopee/Lazada sales data
✅ Company tax return (Form C)
✅ Board resolution for loan application
✅ Memorandum & Articles of Association (M&A)

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How to Present Your E-commerce Sales Data

Banks/Lenders Want to See:

1. Monthly Sales Trend

Export sales report from Shopee/Lazada:
- Month-by-month revenue
- Number of orders
- Average order value
- Return/refund rate

1. Proof of Payouts

Show bank statements with:
- Regular deposits from Shopee/Lazada
- Consistent amounts matching sales reports
- Growing trend (preferred)

1. Product Performance

- Best-selling products
- Profit margins per product
- Inventory turnover rate
- Customer ratings and reviews

1. Marketing & Growth

- Facebook/Instagram followers
- Ad spend and ROI
- Customer retention rate
- Plans for business expansion

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Sample Business Plan Outline

1. Executive Summary

• Business name
• Nature of business (what you sell online)
• Years in operation
• Loan amount requested and purpose

2. Business Description

• Products you sell (categories, brands)
• Target customers (age, income, location)
• Platforms used (Shopee, Lazada, TikTok, own website)
• Unique selling points

3. Financial Information

• Monthly revenue (average last 6 months)
• Profit margins
• Major expenses (COGS, marketing, shipping)
• Sales growth trend

4. Loan Purpose

• How you'll use the money (inventory, marketing, warehouse, etc.)
• Expected ROI (return on investment)
• Repayment plan

5. Future Plans

• Expansion to new platforms
• New product categories
• Hiring plans
• Revenue projections

Keep it simple: 2-3 pages maximum!

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How to Improve Approval Chances {#improve-approval}

10 Proven Strategies

1. Register Your Business Properly

Why Important:

• Many lenders require SSM registration
• Shows legitimacy and seriousness
• Easier to open business bank account

How to Register:

Option A: Sole Proprietor / Enterprise

• Cost: RM30 - RM60
• Time: 1-3 days
• Online: https://www.ssm.com.my/Pages/e-Registration/main.aspx

Option B: Sdn Bhd (for bigger sellers)

• Cost: RM1,000 - RM2,000 (via agent)
• Time: 7-14 days
• Better for raising larger loans (RM200K+)

Action: If not registered yet, do it NOW before applying for loans!

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2. Separate Business and Personal Bank Accounts

Why Important:

• Lenders need to see clear business cash flow
• Personal expenses mixed with business sales = messy records
• Professional appearance

What to Do:

✅ Open dedicated business bank account
✅ All Shopee/Lazada payouts go to this account
✅ All business expenses paid from this account
✅ Don't use for personal shopping!

Recommended Business Bank Accounts:

• Maybank Islamic Business Account-i (low fees)
• CIMB Biz Account (free for first year)
• Hong Leong Business Current Account

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3. File Income Tax Returns

Why Important:

• Shows compliance with legal requirements
• Proof of income for lenders
• Builds business credibility

Tax Filing for Online Sellers:

If Annual Sales < RM500,000:

• File Form B (individual business income)
• Due date: June 30 every year
• Can file online via e-Filing

If Annual Sales > RM500,000 (or Sdn Bhd):

• Must register for SST (Sales & Service Tax)
• File Form C (company tax)
• May need audited accounts

Action: File your 2023 and 2024 tax returns before applying for loans!

Get Help: Contact LHDN (Lembaga Hasil Dalam Negeri) or hire accountant (RM500-RM1,500/year for online sellers)

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4. Build Strong Sales History

What Lenders Look For:

Good Sales Pattern:

Month 1: RM30,000
Month 2: RM32,000
Month 3: RM35,000
Month 4: RM33,000
Month 5: RM38,000
Month 6: RM40,000

= Consistent growth trend ✅

Bad Sales Pattern:

Month 1: RM50,000
Month 2: RM15,000
Month 3: RM60,000
Month 4: RM8,000
Month 5: RM45,000
Month 6: RM12,000

= Too volatile, high risk ❌

How to Smooth Out Sales:

• Run promotions during slow months
• Diversify products (not just seasonal items)
• Build repeat customer base
• Invest in consistent marketing

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5. Maintain Good Seller Ratings

Platform Metrics That Matter:

Shopee:

• Seller rating: Target 4.8 stars and above
• Late shipment rate: Keep below 5%
• Cancellation rate: Keep below 3%
• Chat response rate: Above 80%
• Return/Refund rate: Below 10%

Lazada:

• Seller performance: "Good" or "Excellent"
• Order fulfillment rate: Above 95%
• On-time delivery: Above 90%
• Customer satisfaction: 4.5+ stars

Action: Fix any performance issues BEFORE applying for platform financing!

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6. Improve Credit Score (CTOS & CCRIS)

Check Your Scores:

CTOS:

• Go to: https://www.ctosdigital.com
• Pay RM39.90 for report
• Score range: 300-850
• Target: Above 700 for good approval rates

CCRIS (Free!):

• Go to: https://www.bnm.gov.my
• Register for online access
• Check for any defaults or late payments

How to Improve Score:

✅ Pay all bills on time (credit cards, hire purchase, utilities)
✅ Settle outstanding debts
✅ Don't apply for too many loans at once
✅ Dispute any errors in report
✅ Keep credit utilization below 50% (if have credit card, don't max out)

Time to Improve: Typically 6-12 months of good payment behavior

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7. Prepare Cashflow Projection

What is Cashflow Projection?

• A forecast of your income and expenses for next 12 months
• Shows lenders you can afford repayment

Sample Monthly Cashflow Projection:

Revenue:
  Shopee sales: RM40,000
  Lazada sales: RM25,000
  TikTok Shop: RM10,000
  Total: RM75,000

Expenses:
  Cost of goods: RM37,500 (50%)
  Marketing (ads): RM7,500 (10%)
  Shipping: RM4,500 (6%)
  Platform fees: RM3,750 (5%)
  Packaging: RM1,500 (2%)
  Other overhead: RM3,000 (4%)
  Total: RM57,750

Net Profit: RM17,250 (23%)

Loan Repayment:
  RM5,000/month (requested RM200K over 4 years)

Net Cash After Loan: RM12,250 ✅ (Positive = can afford!)

Include this in your loan application!

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8. Start Small, Build Credit

Strategy:

Phase 1: First Small Loan

• Apply for RM10,000 - RM30,000
• Higher approval rate
• Repay perfectly for 6-12 months

Phase 2: Top-Up or New Loan

• Apply for larger amount (RM50,000 - RM100,000)
• Lenders see your good repayment history
• Better interest rates offered

Phase 3: Major Expansion Loan

• Apply for RM200,000+
• Strong business credit built
• Multiple lenders competing for your business!

Example: "Ah Liang from Johor Bahru started with RM20K from Funding Societies in 2022. Repaid perfectly. In 2023, got RM80K. In 2024, approved for RM300K at better rate!"

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9. Use Collateral if Necessary

What Can Be Used as Collateral for E-commerce Loans?

Secured Loans = Lower Interest Rates

Example:

Without collateral: 15% p.a. interest
With house as collateral: 5-7% p.a. interest

RM200K loan over 5 years:
- Unsecured: Pay ~RM90K interest
- Secured: Pay ~RM35K interest
- Savings: RM55,000! 💰

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10. Get Professional Help

When to Use Loan Consultant:

✅ You're too busy running business - let expert handle applications ✅ Been rejected multiple times - consultant knows alternative lenders ✅ Need large amount (RM200K+) - consultant can negotiate better terms ✅ Complex business structure - expert can present your case properly ✅ Want best interest rates - consultant compares 10+ lenders

MyPinjam Credit Services for E-commerce Sellers:

✅ Free initial consultation
✅ Specialized in digital business financing
✅ Access to 15+ lenders (including platform financing)
✅ Help with business plan & cashflow projection
✅ Application assistance (document preparation)
✅ No fee if loan not approved
✅ Mandarin, English, Malay support

Contact:

• 📱 WhatsApp: +60 16-747 9368
• 📧 Email: hello@mypinjamcredit.com
• 💬 Say: "I'm Shopee/Lazada seller, need loan consultation"

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Success Stories from Malaysian Sellers {#success-stories}

Real Seller Success Cases

Success Story 1: Fashion Seller on Shopee

Background:

• Jenny from Kuala Lumpur
• Selling Korean fashion on Shopee since 2021
• Monthly sales: RM50,000 - RM80,000
• Needed RM100,000 for inventory (big 11.11 sale coming)

Challenge:

• No physical shop (home-based business)
• Rejected by Maybank and CIMB (no shop rental agreement)
• CTOS score 680 (average)

Solution:

• Applied for Shopee Capital
• Submitted 6 months sales report (consistent RM50K-RM80K)
• Strong seller rating (4.9 stars)
• Approved RM120,000 in 48 hours!

Outcome:

✅ Used RM120K to stock up for 11.11 sale
✅ 11.11 sales hit RM280,000 (biggest month ever!)
✅ Profit after loan repayment: RM95,000
✅ Repaid loan in 8 months (4 months early!)
✅ Now regularly uses Shopee Capital for big sales events

Jenny's Advice: "不要浪费时间申请传统银行！Shopee Capital 看你的sales data,不是看店面。我两天就拿到钱,完全不用去银行!"

(Translation: "Don't waste time applying to traditional banks! Shopee Capital looks at your sales data, not physical shop. I got money in 2 days, no need to visit bank!")

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Success Story 2: Supplement Seller on Lazada

Background:

• Ahmad from Shah Alam
• Selling health supplements on Lazada
• Sdn Bhd registered in 2022
• Monthly sales: RM120,000
• Wanted RM250,000 for warehouse and bulk inventory

Challenge:

• Young business (< 2 years old)
• High inventory investment needed upfront
• Banks wanted 2-3 years trading history

Solution:

• Applied to Funding Societies
• Connected Lazada API to show real-time sales data
• Submitted profit margin analysis (35% gross margin)
• Provided strong business plan for warehouse expansion

Outcome:

✅ Approved RM280,000 (more than requested!)
✅ Interest rate: 14.5% p.a. (reasonable)
✅ Tenure: 3 years
✅ Rented small warehouse in Klang
✅ Increased monthly sales to RM220,000 (faster fulfillment)
✅ Monthly profit increased from RM25K to RM55K!

Ahmad's Testimonial: "Funding Societies faham e-commerce business model. Mereka tak kisah saya takde kedai fizikal. Yang penting sales data dan margin bagus. 3 hari je approved!"

(Translation: "Funding Societies understands e-commerce business model. They don't care I don't have physical shop. Important thing is good sales data and margins. Just 3 days got approved!")

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Success Story 3: Beauty Products Seller (Multi-Platform)

Background:

• Melissa from Penang
• Selling K-beauty products on Shopee, Lazada, TikTok Shop
• Sole proprietor (Enterprise)
• Combined monthly sales: RM35,000 - RM45,000
• Needed RM60,000 for marketing and new product launch

Challenge:

• Sales split across 3 platforms (looks smaller individually)
• No audited accounts
• Previous loan application rejected (CIMB)

Solution:

• Contacted MyPinjam Credit for consultation
• We helped combine data from all 3 platforms
• Prepared comprehensive business plan showing total revenue
• Applied to BOOST Capital (they accept digital businesses)

Outcome:

✅ Approved RM70,000 in 2 days
✅ Interest: 15% p.a.
✅ Used for Facebook Ads and new product line
✅ Revenue grew to RM85,000/month within 4 months!
✅ ROI on marketing spend: 340%

Melissa's Quote: "MyPinjam Credit 帮我整理所有平台的data。银行看到total sales RM45K 就比较容易批准。自己申请时没想到要combine data!"

(Translation: "MyPinjam Credit helped me compile data from all platforms. When bank saw total sales RM45K, easier to approve. When I applied myself, didn't think to combine data!")

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Success Story 4: Electronics Seller (Dropshipping)

Background:

• David from Johor
• Dropshipping electronics from China
• Monthly GMV: RM150,000 (but profit margin only 12%)
• Needed RM50,000 working capital for faster shipping (air freight)

Challenge:

• Dropshipping = no inventory = banks skeptical
• Thin profit margins
• New to e-commerce (started 2023)

Solution:

• Applied for CapBay Invoice Financing
• Used pending Shopee payouts as collateral
• Got advance on RM45,000 worth of pending payments

Outcome:

✅ Received RM40,500 same day (90% of invoice value)
✅ Used for air freight (faster delivery from China)
✅ Customer satisfaction improved (delivery 5 days vs 21 days)
✅ Sales volume increased 40%
✅ Now uses CapBay regularly for cash flow management

David's Insight: "Invoice financing 很适合dropshipping business。我不需要long-term loan,只需要short-term cash flow。每次大促销就用CapBay拿钱stock up!"

(Translation: "Invoice financing very suitable for dropshipping business. I don't need long-term loan, just short-term cashflow. Every big sale event I use CapBay to get money to stock up!")

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Tax & Legal Compliance Tips {#tax-compliance}

Stay Legal, Get Better Loan Rates

1. SSM Registration

When Must Register:

• Annual sales RM30,000 and above (recommended)
• Want to apply for business loans
• Want to register for SST

How to Register:

Online: https://www.ssm.com.my
Cost: RM30 (sole prop) - RM60 (enterprise)
Time: 1-3 days
Renewal: Yearly (RM30/year)

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2. Income Tax Filing

Who Must File:

Individual/Sole Proprietor:

• If annual income RM34,000 and above
• File Form B or BE
• Deadline: June 30 every year

Sdn Bhd:

• All companies must file Form C
• Deadline: 7 months after financial year end
• Must have audited accounts if revenue > RM500K

Tax Rate for E-commerce Sellers:

E-Filing: https://mytax.hasil.gov.my

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3. SST (Sales & Service Tax) Registration

When Must Register:

If you are manufacturer/importer:

• Annual sales RM500,000 and above

If you are service provider:

• Annual revenue RM500,000 and above

Most small Shopee/Lazada sellers DON'T need to register for SST yet.

If Importing from China:

• Customs duty and import tax may apply
• Declare properly to avoid penalties

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4. E-Invoice (Starting 2025)

What is E-Invoice:

• Malaysia implementing mandatory e-invoicing
• Phased rollout:
  • 2025: Large companies (revenue RM100M+)
  • 2026: Medium companies (revenue RM25M - RM100M)
  • 2027: All businesses

For Small Sellers:

• Not mandatory yet (unless revenue very high)
• But good to prepare early
• Can use free LHDN MyInvois system

Action: Monitor LHDN announcements at https://www.hasil.gov.my

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FAQ {#faq}

Frequently Asked Questions

Q1: I sell on Shopee but not registered with SSM. Can I still get loan?

A:

• Platform financing (Shopee Capital, LazCapital): Sometimes yes, but approval rate lower
• Traditional banks: No, must have SSM
• Fintech (Funding Societies, BOOST): Usually require SSM

Recommendation: Register with SSM first (only RM30-RM60!). Will save you lots of trouble.

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Q2: My sales fluctuate a lot. Will I get rejected?

A: It depends on WHY sales fluctuate:

Acceptable Fluctuations:

• Seasonal products (CNY, Raya, Christmas)
• Big sale events (11.11, 12.12, payday sales)

Red Flag Fluctuations:

• Random spikes and drops with no pattern
• Declining trend month-over-month

Tips to Reduce Fluctuation:

• Diversify product range
• Run promotions during slow months
• Build subscription/repeat customer model

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Q3: How much can I borrow based on my monthly sales?

Rule of Thumb:

Monthly Sales RM20,000 = Can borrow RM50,000 - RM100,000
Monthly Sales RM50,000 = Can borrow RM100,000 - RM250,000
Monthly Sales RM100,000 = Can borrow RM250,000 - RM500,000

But also depends on:

• Profit margin (higher = can borrow more)
• Business age (longer = more)
• Credit score (better = more)
• Collateral (with = much more)

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Q4: Which is better - Shopee Capital or bank loan?

Comparison:

Use Shopee Capital if:

• Need money urgently (within days)
• Don't have SSM or strong credit
• Loan amount below RM200K

Use Bank Loan if:

• Need large amount (RM500K+)
• Want lowest interest rate
• Have strong credit and SSM

Or use BOTH: Many sellers use Shopee Capital for short-term needs, bank loan for big expansion!

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Q5: I'm not Bumiputera. Can I get TEKUN or MARA?

A:

• TEKUN: Only for Bumiputera (Malays and Orang Asli)
• MARA: Only for Bumiputera

Alternatives for Non-Bumiputera:

• SME Bank - Open to all races
• CGC BizMula - Open to all races
• Funding Societies - Open to all
• BOOST Capital - Open to all
• Bank loans - Open to all

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Q6: Can I use loan money for personal expenses?

A: Not recommended!

Why:

• Lenders want to see business ROI
• Personal expenses don't generate income to repay loan
• May violate loan agreement (business loan must use for business)

If Need Personal Money:

• Apply for personal loan separately (different product)
• Or take director's salary from business profit

If Caught Misusing Business Loan:

• Bank can demand immediate full repayment
• Blacklisted from future financing
• Legal action possible

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Q7: What if I can't repay loan on time?

A:

Step 1: Contact Lender IMMEDIATELY

• Don't wait until default
• Call 1-2 weeks before payment due
• Explain situation honestly

Step 2: Request Restructuring

• Extend tenure (lower monthly payment)
• Payment holiday (1-3 months grace period)
• Reduce monthly amount temporarily

Most lenders willing to work with you if you're proactive!

What NOT to Do:

• ❌ Ignore lender's calls
• ❌ Hide and hope problem goes away
• ❌ Borrow from Ah Long to pay legal lender
• ❌ Let it default and ruin your credit

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Q8: Can I apply for multiple loans at once?

A:

Best Practice: Apply to maximum 2-3 lenders at once

Why:

• Each application = CCRIS inquiry = reduces credit score
• Too many inquiries = red flag for lenders
• If one approves, others may reject seeing multiple applications

Strategy:

Week 1: Apply to top choice lender (wait for decision)
Week 2: If rejected, apply to 2nd choice
Week 3: If still rejected, seek professional help (MyPinjam Credit)

Exception: Platform financing (Shopee Capital, LazCapital) doesn't affect CCRIS as much. Can apply simultaneously.

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Q9: How long does it take to build good enough credit for loan?

A:

If Starting from Zero:

• Get credit card (even RM2,000 limit is fine)
• Use and pay on time for 6 months
• Apply for small personal loan (RM5,000), repay perfectly
• After 12 months, credit score improves significantly

If Recovering from Bad Credit:

• Settle all outstanding debts
• Wait 6-12 months of clean payment history
• CTOS score will gradually improve
• May take 12-24 months to fully recover

Shortcut:

• Use guarantor or collateral (bypasses credit score requirement)

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Q10: Is it worth it to hire loan consultant?

A:

Worth It If: ✅ You've been rejected 2+ times ✅ You need large amount (RM200K+) ✅ You have complex business structure (multiple entities, cross-border) ✅ You're too busy to handle applications ✅ You want best rates (consultant can negotiate)

Not Worth It If:

• Loan amount very small (below RM20K)
• You have perfect credit and just need simple platform financing
• You enjoy DIY and have time to research

MyPinjam Credit Fees:

• Free consultation
• Success fee: 1-3% of approved loan amount
• Example: RM100K loan = RM1,000 - RM3,000 fee
• Only pay if approved!

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Take Action Now!

Your Path to E-commerce Financing Success

Step 1: Assess Your Situation (Day 1)

□ Check current monthly sales (last 6 months average)
□ Calculate profit margin
□ Review CTOS score (get report at ctosdigital.com)
□ List down how much you need and for what purpose
□ Verify SSM registration status

Step 2: Prepare Documents (Day 2-7)

□ Gather IC, SSM, bank statements
□ Export sales reports from Shopee/Lazada/TikTok
□ Compile proof of payouts (bank deposits)
□ Draft simple business plan (use template above)
□ Ensure seller ratings are good

Step 3: Choose Right Financing (Day 8)

If need < RM50K + urgent (1-2 days):
  → Apply Shopee Capital or LazCapital

If need RM50K-RM200K + okay to wait (1 week):
  → Apply Funding Societies or BOOST Capital

If need RM200K+ + want low interest:
  → Apply SME Bank or use collateral

If need cash flow management:
  → Apply CapBay Invoice Financing

Step 4: Submit Applications (Day 9-10)

□ Apply to top choice lender
□ Double-check all documents complete
□ Follow up within 48-72 hours

Step 5: Get Approved & Use Wisely! (Day 15-30)

□ Review loan agreement carefully
□ Understand total interest cost
□ Set up auto-payment (don't miss installments!)
□ Use money for intended business purpose
□ Track ROI and business growth

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Contact MyPinjam Credit for Free Consultation

Specialized E-commerce Financing Consultation

We help Malaysian online sellers get approved:

✅ Access to 15+ Lenders

• Platform financing (Shopee, Lazada, TikTok)
• Fintech lenders (Funding Societies, BOOST, CapBay)
• Banks (SME Bank, Maybank, CIMB, etc.)
• Government schemes (CGC, TEKUN for Bumiputera)

✅ Services Included:

• Free initial consultation (30-min call/meeting)
• Business evaluation and financing assessment
• Loan matching (we recommend best options for you)
• Document preparation assistance
• Business plan drafting support
• Application submission to multiple lenders
• Rate negotiation on your behalf
• Ongoing support until approval

✅ Success Rate for E-commerce Sellers:

• 85% approval rate for established sellers (RM30K+ monthly sales)
• 70% approval rate for newer sellers (RM10K-RM30K sales)
• Average time to approval: 5-7 days

Contact Us:

📱 WhatsApp: +60 16-747 9368 📧 Email: hello@mypinjamcredit.com 🌐 Website: www.mypinjamcredit.com

Say: "I'm a Shopee/Lazada seller, need loan consultation"

Languages: Mandarin (华语), English, Bahasa Malaysia

Operating Hours:

• Monday - Friday: 9:00 AM - 6:00 PM
• Saturday: 9:00 AM - 2:00 PM
• Sunday: Closed (emergency WhatsApp responded within 24 hours)

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Conclusion

E-commerce sellers in Malaysia have MORE financing options than traditional brick-and-mortar shops!

Don't let bank rejections discourage you. Platform financing, fintech lenders, and government schemes are designed specifically for digital businesses like yours.

Key Takeaways:

1. Platform financing is fastest (Shopee Capital, LazCapital, TikTok Shop)
2. Fintech understands e-commerce (Funding Societies, BOOST, CapBay)
3. Government schemes offer lowest rates (SME Bank, CGC BizMula)
4. Sales data is your asset - show consistent revenue growth
5. SSM registration opens doors - just RM30, do it now!
6. Build credit systematically - start small, repay well, borrow bigger
7. Get professional help if stuck - consultants know alternative routes

Your online business deserves the capital it needs to grow. Take action today!

祝你生意兴隆！Semoga perniagaan anda terus berkembang! May your sales always grow! 🚀

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Next Steps:

• Check Your CTOS Score Now
• Register Your Business with SSM
• Apply for Shopee Capital (if selling on Shopee)
• Contact MyPinjam Credit for Free Consultation

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Disclaimer: This guide is for educational purposes. Loan approval depends on individual circumstances, lender criteria, and prevailing terms. Interest rates and requirements subject to change. Always read loan agreements carefully before signing. Borrow responsibly.

Last Updated: January 12, 2025