SME Financing Guarantee Scheme

News, Media and Events Forums Business Set-up SME Financing Guarantee Scheme

This topic contains 1 reply, has 2 voices, and was last updated by  Edith 4 years, 11 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
Author Posts
Author Posts
04/10/2012 at 10:00 #4538

re1313

Can anyone suggest which bank offers lowest interest rate for SME Financing Guarantee Scheme.

04/10/2012 at 10:05 #4541

Edith

The SME Financing Guarantee Scheme is administered by the Hong Kong Mortgage Corporation (HKMC). The Scheme aims to help small and medium-sised enterprises and non-listed enterprises obtain loans from participating lenders such as banks for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment. Under the Scheme, the HKMC will provide guarantee coverage on 50%, 60% or 70% of the facility amount to eligible enterprises. With the Government’s support, the HKMC introduced the time-limited Special Concessionary Measures under this Scheme on 31 May 2012 providing 80% guarantee protection to eligible loan facilities. The application period is 9 months up to 28 February 2013.

For more details, including the list of participating lenders, please refer to the website http://www.hkmc.com.hk/eng/ops/ourbusiness/sme.html. As rates vary between institutions and from time to time, relevant companies are advised to contact several banks to compare terms and prices.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.