SME Financing Guarantee Scheme
Bank of China (Hong Kong), committed to providing continuous support to local SMEs, has joined the "SME Financing Guarantee Scheme" ("SFGS")1 launched by HKMC Insurance Limited("HKMCI"). We are pleased to offer flexible lending solution to meet your financing needs.
Product Features
80% Guarantee Product | 90% Guarantee Product | Special 100% Loan Guarantee | |
Business Operation | Business has been in operation for at least 1 year in Hong Kong | No business operation history requirement |
|
Maximum Loan Amount2 | HK$18 million | HK$8 million | HK$9 million or total amount of wages and rents for 27 months, whichever is lower |
Maximum Guarantee Period | 7 years | 5 years | 10 years |
Maximum Principal Moratorium3 | 36 months |
36 months |
36 months |
Loan Type4 | Term Loan, Revolving Credit Facility5
|
Term Loan | Term Loan |
Offers |
|
|
Reminder: To borrow or not to borrow? Borrow only if you can repay!
Application Hotline +852 2105 8288
Remarks:
- For details of the "SME Financing Guarantee Scheme", please visit the website of the Hong Kong Mortgage Corporation Limited (“HKMC”) at www.hkmc.com.hk or contact Bank of China (Hong Kong) Limited (BOCHK).
- The enhancement measures to the SME Financing Guarantee Scheme (SFGS) as included in the 2022-2023 Budget by the Government in February 2022 takes immediate effect. The application period for SFGS will be extended to 30 June 2023. The maximum facility amount per Enterprise under the enhancement measures to the Special 100% Loan Guarantee is increased from HK$6 million to HK$9 million.
- The application period for principal moratorium will until 31 December 2022.
- The relevant loan and credit facility cannot be used for repaying, restructuring or repackaging other loans borrowed from BOCHK or any third parties.
- "Revolving Credit Facility" includes revolving loan, overdraft and trade facilities.
- Guarantee fee will be approved and determined by the HKMCI and is subject to the announcement made by the HKMCI. HKMCI provides waiver of guarantee fee for the Special 100% Loan Guarantee.
The above products, services and promotional offers are subject to the relevant terms and conditions of BOCHK. For more details, please contact BOCHK's staff. BOCHK reserves the right to amend, suspend or terminate the above products, services and offers, and amend their relevant terms and conditions at any time at its absolute discretion without prior notice. In case of any dispute, the decision of BOCHK shall be final.
BOCHK reserves the right to approve and reject the loan application at its absolute discretion. The actual loan amount, interest rate, handling fee and applicable terms and conditions are subject to BOCHK's final approval.
In case of any discrepancy between the Chinese and English versions, the Chinese version shall prevail.