SME Loan Solutions

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SME Financing Guarantee Scheme
SME Financing Guarantee Scheme1
The Scheme is provided by the HKMC Insurance Limited aiming to help local small and medium-sized enterprises and non-listed enterprises obtain financing for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment.
Product Features
  80% Guarantee Product 90% Guarantee Product Special 100% Loan Guarantee2
Application Period From 31 May 2012
to 30 June 2023
From 16 December 2019
to 30 June 2023
From 20 April 2020
to 30 June 2023
Facility Type • Term loan
• Revolving Loan
Term loan Term loan
Maximum Guarantee Period 7 years 5 years 10 years
Maximum Loan Amount HK$18,000,000 HK$8,000,000 HK$9,000,000
OR
The total amount of wages and rents for 27 months payable by the Borrower (whichever is the lower)3
Highest Annual Guarantee Fee Rates 0.45%
  • Borrowers with business operation history more than three years in Hong Kong: 0.36%
  • Borrowers with business operation history of three years or less in Hong Kong: 0.45%
Not applicable
Repayment Term May pay interest only in the first 6 months after the Starting Date of the Facility May pay interest only in the first 12 months after the Starting Date of the Facility May pay interest only up to the first 12 months after the date of Drawdown
Eligible Enterprises
  80% Guarantee Product 90% Guarantee Product Special 100% Loan Guarantee2
Entity Requirement a company, sole proprietorship, partnership or unincorporated body of persons that registered in Hong Kong with business operation
Operation Requirement Must have business operation in Hong Kong for at least 12 months as at the date of submission Not applicable Must have business operation in Hong Kong for at least 3 months as at 31 March 2022
Personal Guarantee Requirement A person (who is an individual) or a group of persons (who are individuals) who, directly or indirectly, hold(s) or is/are beneficially entitled to more than 50% of the issued share capital or equity interest of the Borrower
Other Requirement Not applicable Not applicable
  • Borrower must have suffered at least a 30% decline in sales turnover in any month since February 2020 (“Affected Period”) compared with the monthly average of any preceding quarter from January 2019 to March 2022 (“Reference Period”)
  • The Affected Period must not be earlier than the Reference Period.

For more details about the scheme, please click here.

Remarks:
  1. The “SME Financing Guarantee Scheme” is provided by The HKMC Insurance Limited, a wholly-owned subsidiary of the Hong Kong Mortgage Corporation Limited. 
  2. Multiple applications under the Special 100% Loan Guarantee from the same enterprise shall be submitted to the same Lender.
  3. For Borrower that does not have both payment of wages and rents, proxy is made to 50% of the highest monthly net income before tax during the period of January 2019 to March 2022 multiplied by 27.
Enquiry hotline: 2903 8366
To borrow or not to borrow? Borrow only if you can repay!