Struggling with cash flow or needing higher financing? With loan programs covering 80% to 90% of your capital, you can secure up to 18 million in loans, helping your business flexibly allocate more working capital.
The "80% to 90% Loan Guarantee Scheme" refers to the "80% Credit Guarantee Product (SFGS 80)" and "90% Credit Guarantee Product (SFGS 90)" under the Government Small and Medium Enterprise Financing Guarantee Scheme (SFGS).
This program is part of the SME Financing Guarantee Scheme and aims to assist SMEs in meeting their funding needs. This 80% to 90% credit guarantee scheme is particularly suitable for businesses with funding needs for equipment procurement, working capital replenishment, or other business purposes.
SFGS 80
From May 31, 2012 to the end of March 2028
SFGS 90
From May 31, 2012 to the end of March 2028
SFGS 80
The maximum annual guarantee fee rate is 0.45% of the loan/credit line (if applicable). Borrower companies may choose to pay the guarantee fee annually or in advance; if they choose to pay in advance, the relevant fee can be included in the total loan amount.
SFGS 90
The two payment methods are: annual payment or one-time prepayment, and the prepayment amount can be included in the total loan amount.
SFGS 80
The maximum loan amount is HK$18 million (including 80% and 90% secured loans, calculated at any point in time).
SFGS 90
The maximum loan amount is HK$8 million (including 80% and 90% secured loans, calculated at any point in time).
SFGS 80
Term loans must be repaid in installments and fully repaid before the expiry of the guarantee period, with installment intervals not exceeding three (3) months. Upon approval, an interest-only repayment arrangement may be adopted for the first six (6) months, after which principal and interest must be repaid in installments. The guarantee period will not be extended due to the interest-only repayment arrangement.
SFGS 90
Repayment for standard loans follows the same terms as 80% guaranteed products. Upon approval, borrowers may opt for interest-only payments for the first twelve (12) months, after which both principal and interest must be repaid on schedule. The guarantee period remains unchanged.
This scheme explicitly prohibits the use of loans, directly or indirectly, to repay or restructure existing corporate loans (except for refinancing situations permitted by this scheme), and also prohibits the use of loans to refinance assets acquired prior to applying for this scheme.
SFGS 80
From May 31, 2012 to the end of March 2028
SFGS 90
From May 31, 2012 to the end of March 2028
SFGS 80
The maximum annual guarantee fee rate is 0.45% of the loan/credit line (if applicable). Borrower companies may choose to pay the guarantee fee annually or in advance; if they choose to pay in advance, the relevant fee can be included in the total loan amount.
SFGS 90
The two payment methods are: annual payment or one-time prepayment, and the prepayment amount can be included in the total loan amount.
SFGS 80
The maximum loan amount is HK$18 million (including 80% and 90% secured loans, calculated at any point in time).
SFGS 90
The maximum loan amount is HK$8 million (including 80% and 90% secured loans, calculated at any point in time).
SFGS 80
Term loans must be repaid in installments and fully repaid before the expiry of the guarantee period, with installment intervals not exceeding three (3) months. Upon approval, an interest-only repayment arrangement may be adopted for the first six (6) months, after which principal and interest must be repaid in installments. The guarantee period will not be extended due to the interest-only repayment arrangement.
SFGS 90
Repayment for standard loans follows the same terms as 80% guaranteed products. Upon approval, borrowers may opt for interest-only payments for the first twelve (12) months, after which both principal and interest must be repaid on schedule. The guarantee period remains unchanged.
This scheme explicitly prohibits the use of loans, directly or indirectly, to repay or restructure existing corporate loans (except for refinancing situations permitted by this scheme), and also prohibits the use of loans to refinance assets acquired prior to applying for this scheme.
Submit the application form and supporting documents to the lending institution participating in the program.
After receiving the application, the lending institution will submit the relevant information to the Hong Kong Mortgage Corporation Limited (the Mortgage Corporation) for approval.
Processing time may vary depending on the specific bank and the documents submitted by the company. If preliminary approval is granted, the lending institution will prepare the relevant loan documents for the company to sign and confirm.
After the company signs all loan documents, the lending institution will submit the relevant information to the Hong Kong Mortgage Corporation Limited (HKMCC) for final processing. Once the bank completes the document processing, the HKMCC will typically issue a guarantee letter within a few days.
After the guarantee letter is issued, the company must pay the corresponding guarantee fee. This fee is collected by the lending institution and then transferred to the Hong Kong Mortgage Corporation Limited (HKMCC). If the guarantee fee is a one-time prepayment and is advanced by the lending institution, the fee will be included in the total loan amount and deducted directly from the loan disbursement, and then paid to the HKMCC. The guarantee letter becomes effective after the HKMCC has received the guarantee fee.
SME Financing Guarantee Program
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BUD Fund
SME Export Marketing Fund
DTSPP – Digital Transformation Support Pilot Programme
Applicants must be non-governmental and non-funded companies registered in Hong Kong under the Business Registration Ordinance.
There is no limit. A company may nominate multiple employees to attend the same course, provided that they meet the eligibility requirements. However, the same employee may not enrol in the same course more than once for the purpose of applying for funding.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
You can contact the program secretariat for assistance, or seek help from a professional secretarial firm like OneSec to assist with the application.
Apply for government-guaranteed loans with up to 90% collateral coverage,. With OneSec's professional and comprehensive support, we can help you implement your business growth strategy.
