Special Loan Guarantee Scheme and SME Loan Guarantee Scheme

HSBC increases its SME loan fund by HK$16 billion to a total of HK$20 billion to boost support for small businesses in Hong Kong.

The fund is part of the HSBC US$5 billion global loan fund for SMEs which was launched in December 2008, with the aim to ensure SMEs continue to have access to appropriate credit through the current financial and economic crisis.

Lending from the fund in Hong Kong will initially be made to successful applicants of the Hong Kong Government’s current Special Loan Guarantee Scheme (SpGS) and SME Loan Guarantee Scheme (SGS). Upon application approval, we can apply on your behalf for the governmental guarantee under these two schemes.

Special Loan Guarantee Scheme (SpGS)

• Applicable to credit facilities for general business use in form of installment loan or revolving credit line
• For enterprises registered and with substantive business in Hong Kong, except listed companies
• The enterprises must have at least one year of operation
• Loan amount up to HK$12,000,000. Within this limit, loan amount for revolving credit line is up to HK$6,000,000
• A flexible repayment period of up to 5 years
• Competitive interest rates

SME Loan Guarantee Scheme (SGS)

• Apply to working capital and equipment financing needs in form of installment loan
• Loan amount up to HK$12,000,000
• A flexible repayment period of up to 5 years
• Competitive interest rates

Other useful information and services

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