SME Financing Guarantee Scheme
The Scheme aims at helping local small and medium-sized enterprises (“SMEs”) and non-listed enterprises to obtain financing from participating lenders for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment. Under the Scheme, the HKMCI may provide guarantee coverage of 50%, 60% or 70% to the credit facilities of eligible enterprises approved by participating lenders.
The 90% Guarantee Product aims at providing additional support to the Enterprises, businesses with relatively less operating experience, as well as professionals seeking to set up their own practices, to obtain financing. application period will last until end-June 2022. Guarantee Fee Concessions and Further Concessions in Guarantee Fee apply to the 90% Guarantee Product as well.
The Special 100% Loan Guarantee under the Scheme started to receive applications on 20 April 2020. The Special 100% Loan Guarantee aims at alleviating the burden of paying employee wages and rents by the Enterprises which are suffering from reduced income to help minimising enterprise shutting down and layoffs. The application period will last until 19 April 2021.