80% to 90% of Government SMEs Finance Program
80% to 90% of government SMEs finance program overview
What is 80% to 90% of Government SMEs Finance Program?
- Up to $18 million (combined with other SME loans at 80% to 90% loan-to-value ratio)
- Up to $18 million (combined with other SME loans at 80% to 90% loan-to-value ratio)
- Application can be made with reference to the latest half-yearly statement (no audit report is required).
- Loan period up to 5 years
- Turnover from 2 million dollars a year
- Approval time is about 3 weeks
- f the individual has other collateral (e.g. property) to guarantee the loan, the loan amount is even larger.
- The company has been operating in Hong Kong for more than one year
- Maximum total loan amount: HK$18 million
- Annual percentage rate low as 3.25%
- Up to $18 million (combined with other SME loans at 80% to 90% loan-to-value ratio)
- Up to $18 million (combined with other SME loans at 80% to 90% loan-to-value ratio)
- Application can be made with reference to the latest half-yearly statement (no audit report is required).
- Loan period up to 5 years
- Turnover from 2 million dollars a year
- Approval time is about 3 weeks
- f the individual has other collateral (e.g. property) to guarantee the loan, the loan amount is even larger.
- The company has been operating in Hong Kong for more than one year
- Maximum total loan amount: HK$18 million
- Annual percentage rate low as 3.25%
Eligibility
What eligibilities are required to apply for the 0% to 90% of government SME finance program?
- must be a limited company, a sole proprietorship, a partnership or an unincorporated body of persons with business operations in Hong Kong and registered under the Business Registration Ordinance (Cap. 310)
- Must not carry on the business of lending money or providing funds for the business of lending money through any means
- Must not be a related company of a lending institution
- Not be listed on the Hong Kong Stock Exchange (including the Main Board or the Growth Enterprise Market) or any other exchange outside Hong Kong
Our Services
Why choose us?
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- Collateral: property/cash/insurance
- Loan category: Installment loan/OD line/Invoice financing/Letter of credit invoice (LC)
- The loan amount is 90% of the current CMV valuation, and traditional banks use Hibor plan
- Portfolio 80% to 90% of SME loans, loan amount up to 130% of CMV valuation
- Most established companies mainly use P+ plan for property mortgages
- Loans are more portfolio-oriented and can be mainly OD/term
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