During the financial tsunami, we actively participated in the Special Loan Guarantee Scheme ("SpGS") guaranteed by the HKSAR Government with the purpose to finance SMEs for meeting general business needs.
With the expiry of the SpGS on 31 December 2010, the Hong Kong Mortgage Corporation Limited ("HKMC") has launched a new guarantee scheme, namely, SME Financing Scheme ("SFGS") on 1 January 2011. The scheme aims to assist the SMEs to obtain sustainable bank financing.
Currently, we continue to support these two schemes: (1) SME Loan Guarantee Scheme ("SGS") and (2) SME Financing Guarantee Scheme ("SFGS") guaranteed by the HKSAR Government and the Hong Kong Mortgage Corporation Ltd respectively.
Details of the key features of the schemes are set out as below:| SME Loan Guarantee Scheme (SGS) | SME Financing Guarantee Scheme (SFGS) |
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| Maximum Facility Amount and Facility Types |
HK$12 million
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HK$12 million
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| Purpose |
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| Guarantee Provider | HKSAR Government | Hong Kong Mortgage Corporation Ltd ("HKMC") |
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| Maximum Guarantee Period | Maximum 5 years | Maximum 5 years | ||||||
| Guarantee Level | 50% | 50% / 60% / 70% | ||||||
| Eligibility |
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| Annual Guarantee Fee | N/A | Approximately 0.5%p.a. to 2.5%p.a. of the loan facility | ||||||
| Promotion | N/A | Apply before 30 June 2011 - Guarantee Fee waiver up to:
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For further information, please visit the website of "SME Loan Guarantee Scheme" ("SGS") and "SME Financing Guarantee Scheme" ("SFGS")
Your Business Partner
Financial Management is important to the business development. In addition to tailor-made services such as trade finance, working capital financing and long term loans to different industries, we also provide other customized services like syndicated loan arrangement and various types of capital financing in assisting you to reach the greater success in your ever-growing business.
