Enterprises which meet the following criteria are eligible to apply for guarantee under the S‌FGS:

• must be a company, sole proprietorship, partnership or unincorporated body of persons which has business operation in Hong Kong and remains registered under the Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong);
• shall not be carrying on the business of a lender or otherwise providing funds available for borrowing in any way;
• shall not be an affiliate of the lender ; and
• not a company or corporation which has any of its shares listed on The Stock Exchange of Hong Kong Limited (whether on its Main Board or the Growth Enterprise Market) or any similar exchange in or outside Hong Kong.

A) 80% Guarantee Product

• 80% loan amount guaranteed by The HKMC Insurance Limited (“HKMCI”)
• Revolving or non-revolving facility
• Up to 7 years loan tenure
• Maximum facility amount per borrower of HK$18,000,000

B) 90% Guarantee Product

• 90% loan amount guaranteed by The HKMCI
• Term Loan only
• Up to 5 years loan tenure
• Maximum facility amount per borrower of HK$8,000,000

Remarks

1. The SFGS is provided by The HKMCI. For details, please visit the HKMCI’s website.
2. HLBHK has the absolute discretion to reject or approve any application and the final loan amount, interest rate, tenor and other relevant terms and conditions are subject to final approval of HLBHK.

Reminder:

To borrow or not to borrow?
Borrow only if you can repay!