The Government has recently announced to raise the maximum loan amount of the special 100% Loan Guarantee under the SME Financing Guarantee Scheme (SFGS100) from HK$2 million to HK$4 million, in order to provide further support to SMEs (small and medium sized enterprises).
SFGS100 offers a standard interest rate 2.75% per annum (loan is priced at HSBC Best Lending Rate -2.25% for the life of the loan). It is tailor-made for SMEs suffering from reduced income to alleviate their burden of paying employee wages and rents.
For those having financing needs and interested in SFGS100, we would like to invite you to our SFGS100 webinar, the webinar covers:
• What is SFGS100
• Who can apply
• How to calculate maximum loan amount
• What documents are needed for application
• Relief measures offered by HSBC that may help your business
HSBC is committed to standing alongside SMEs in Hong Kong during this difficult time. We have already launched measures to provide immediate liquidity relief of more than HKD30 billion for businesses across a wide range of sectors, and made a series of arrangements to simplify and speed up the application of SFGS100.
As a staunch supporter of the business community in Hong Kong, we are making every effort to provide prompt and flexible assistance to SMEs.
Reminder: "To borrow or not to borrow? Borrow only if you can repay!"
*The talk will be conducted in English