SME Financing Guarantee Scheme
- 80% Guarantee Coverage under the Scheme (“80% Guarantee Product”)
The 80% Guarantee Product has provided strong support for the Enterprises in obtaining financing in the commercial lending market since its launch on 31 May 2012 and benefited an increasing number of enterprises. To further alleviate the financial burden of the Enterprises and assist them to obtain financing from the Lenders, the Government has implemented enhancements for qualifying guarantees under the 80% Guarantee Product from time to time since its launch.
The application period for the 80% Guarantee Product is until end-March 2026.
- 90% Guarantee Coverage under the Scheme (“90% Guarantee Product”)
With the approval of the funding by the Finance Committee of the Legislative Council on 6 December 2019, the 90% Guarantee Product under the Scheme has been introduced on 16 December 2019. The 90% Guarantee Product aims at providing additional support to small-sized enterprises and businesses with relatively less operating experience to obtain financing. With the rapid deterioration of the business environment following the outbreak and spread of the COVID-19, the Government has announced some enhancements and relief measures on the 90% Guarantee Product.
The application period for the 90% Guarantee Product is until end-March 2026.
- Special 100% Loan Guarantee under the Scheme (“Special 100% Loan Guarantee”)
The maximum loan amount for each eligible Enterprise is the total amount of employee wages and rents for 27 months or HK$9 million, whichever is the lower. The maximum repayment period is ten years.
The application period for the Special 100% Loan Guarantee is until end-March 2024.