Name of the Organization : Dah Sing Bank Limited
Type of Facility : SME Financing Guarantee Scheme
State : Wan Chai
Country : Hong Kong
Website : http://www.dahsing.com/en/html/commercial_banking/sme_scheme/sme_scheme.html
SME Financing Guarantee Scheme :
** Dah Sing Bank strives to provide more innovative commercial banking services to meet the financial needs of SMEs.
Related : Dah Sing Bank Apply for Credit Card Hong Kong : www.statusin.org/23801.html
** Since the launch of the SME Financing Guarantee Scheme (“SFGS”) in January 2011 by the Hong Kong Mortgage Corporation Limited, we have been taking a proactive role to support this scheme in helping SMEs to finance their working capital and support business developments.
** Dah Sing offers First 100-Day Guarantee Fee Subsidy for the SFGS
** In order to support the Special Concessionary Measures of the SFGS approved by the Finance Committee of the Legislative Council in April 2012, Dah Sing Bank offers first 100-day guarantee fee subsidy for any successful SFGS applications.
Key features of the Special Concessionary Measures of the SFGS :
** Both Non-revolving and Revolving credit facilities are available
** The maximum amount of credit facility is HK$12 Million per enterprise
** The credit facility1 must be used for providing general working capital for the enterprise’s business operations, or acquisition of equipment or assets (excluding residential properties) in relation to the enterprise’s business
** The Hong Kong Mortgage Corporation will provide a guarantee amount of 80% of the facility amount
** The maximum guarantee period is 5 years
Note :
** Please contact our Relationship Manager for applying SFGS. Our Enquiry Hotline: (852) 2507 8122
General Terms and Conditions :
** The loan must not be used for repaying, restructuring or repackaging existing debts (except for allowing refinancing of facilities guaranteed under the Special Loan Guarantee Scheme of the Trade and Industry Department or SFGS).
** Eligible enterprises must have business operation in Hong Kong and be registered in Hong Kong under the Business Registration Ordinance (Chapter 310).
** They must also have business operation for at least one year on the date of guarantee application, and have good loan repayment record. Listed companies, lending institutions and affiliates of lending institutions are not eligible for the Scheme.
** The subsidy is subject to a maximum of $10,000 per company.
** For loan size above HK$5,000,000, the Bank will charge a handling fee of 0.25% of the loan amount.
** For loan size equal or below HK$5,000,000, the Bank will charge a handling fee of 0.5% of the loan amount.
** The Bank reserves the right to vary, suspend or terminate the above offers, and amend the related terms and conditions at any time without prior notice.
** In case of any disputes arising out of this promotion, the decision of the Bank shall be final and conclusive.
Contact Address :
31/F, Dah Sing Financial Centre,
108 Gloucester Road, Wan Chai,
Hong Kong