Banking service & business startup Consultant
Bank Loans
The Hong Kong SME Financing Guarantee Scheme (SFGS) offers up to 80% to 90% loan guarantees, covering working capital, equipment purchases, and more, with loans up to HKD 18 million. It features flexible repayment terms, preferential interest rates, and no collateral requirements, suitable for SMEs across various industries.
Bank Financing Loans
Corporate bank financing in Hong Kong refers to the financial support that companies obtain from banks to meet their operational, expansion, or investment needs. Common methods include loans, trade finance, overdrafts, and bill discounting.
These financing methods help companies improve liquidity, expand their business scale, and respond flexibly to market changes. Banks also provide professional advice and tailored financing solutions based on the company's needs, enabling companies to more effectively manage financial risks and seize business opportunities.
Installment Loans
Revolving Credit
Unsecured/ Secured Loans
Invoice Financing
Credit Guarantee Products
90% of the credit guarantee products under Hong Kong's "SME Financing Guarantee Scheme" are provided by the Hong Kong Mortgage Corporation Limited (HKMLC), aiming to assist local SMEs and non-listed companies in obtaining financing.
The maximum loan amount is HK$8 million, with a repayment period of up to 8 years. Applicant companies must be registered and operating in Hong Kong.
90% Credit Guarantee
Up to HKD 8,000,000 for specific financing schemes.
80% Credit Guarantee
Up to HKD 18,000,000 for qualifying businesses.
If you have successfully applied for the "100% Guaranteed Special Loan," you can then apply for the "90% Credit Guarantee Product." Each bank has different approval procedures, which are affected by the company's current operating conditions and the bank's credit policies. Our business loan advisory team can help clients understand their company's situation and choose the most suitable bank to apply to.
The time required to apply for the SME Financing Guarantee Scheme (SFGS) is influenced by various factors, including your company’s background, operational status, and case complexity. Generally, after submitting an application, preliminary approval takes approximately 2 to 4 weeks. If the preliminary approval is granted, an additional 2 to 4 weeks are typically needed to complete all procedures and formally obtain the loan.
To alleviate repayment pressure for SMEs, the SME Financing Guarantee Scheme offers an "interest-only, no principal repayment" option. This means that within a specific period, you only need to pay the loan interest without repaying the principal, providing greater financial flexibility to meet operational needs.
HSBC is currently the only bank in Hong Kong offering pre-approved 12-month "interest-only, no principal repayment" for the first year, with a repayment period of up to 8 years and the lowest interest rates in the city. Moreover, HSBC only accepts applications from eligible HSBC clients, streamlining the process by eliminating the need for complex documentation, enabling funds to be accessed in the shortest time.
Therefore, HSBC is the most favorable bank for applying for the SME Financing Guarantee Scheme (SFGS) in Hong Kong. If you are an HSBC client, seize this opportunity and inquire about your eligibility for free now.Your personal credit rating (TU) significantly affects your SME Financing Guarantee Scheme (SFGS) application. As unsecured loans, banks heavily review your credit history to assess financial status and repayment ability.
A to F Grade: Higher approval chances.
G, H, or I Grade: May lead to rejection due to perceived financial weakness.
Poor rating? Not hopeless! Banks also consider business operations and guarantors. Consult our credit advisors to improve your rating and boost approval odds.
Banking service & business startup Consultant
Bank Account Sign-up
Bank Account Sign-up
Offshore Bank Account Sign-up
Hong Kong, with its superior financial status and favorable tax policies, attracts local and numerous mainland Chinese entrepreneurs to establish companies and open business bank accounts. However, as demand for Hong Kong banking services increases and government regulations tighten, opening a bank account has become a significant challenge for many entrepreneurs.
In the process of operating a business, accounting, auditing, and taxation are indispensable components.
These tasks have a profound impact on a company’s operations and growth, directly affecting its compliance and long-term development. Choosing a professional accounting firm is a critical factor in achieving business success. We understand the importance of these tasks and, therefore, partner with a team of experienced and knowledgeable accountants to provide professional, reliable, and high-quality accounting services to businesses of all types.
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