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") launched a new guarantee scheme, namely, SME Financing Guarantee Scheme (“SFGS”) on 1 January 2011. The scheme aims to assist the SMEs to obtain sustainable and flexible bank financing, to cope with their funding needs for different economic cycle.
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 Limited respectively.
|SME Loan Guarantee Scheme (SGS)||
SME Financing Guarantee Scheme (SFGS)
|Maximum Facility Amount and Facility Types|| HK$12 million
| HK$12 million
|Guarantee Provider||HKSAR Government|| Hong Kong Mortgage Corporation Limited
|Maximum Guarantee Period||Maximum 5 years||Maximum 5 years|
|Guarantee Level||50%||50% / 60% / 70%||80%|
|Application period||N/A||N/A||Up to 28 February 2014|
|Annual Guarantee Fee||N/A||0.5% p.a. to 4.2% p.a. of the loan facility||0.5% p.a. to 1.44% p.a. of the loan facility|
For further information, please visit the website of Trade and Industry Department "SME Loan Guarantee Scheme" ("SGS") and The Hong Kong Mortgage Corporation Limited "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.