Hong Kong government raises loan cap for SMEs, extends repayment period to help them cope with coronavirus crisis

//Hong Kong government raises loan cap for SMEs, extends repayment period to help them cope with coronavirus crisis

Hong Kong government raises loan cap for SMEs, extends repayment period to help them cope with coronavirus crisis

The Hong Kong government has once again come to the aid of the city’s small and medium-sized enterprises as the city struggles with its worst recession on record amid the coronavirus pandemic.As part of enhancements to its financing guarantee programme for SMEs, the maximum amount of loans has been doubled for eligible firms and the repayment period extended by two years starting from Friday.Under the SME Financing Guarantee Scheme, small businesses can now avail of loans amounting to employee…

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By | 2020-09-15T14:53:06+00:00 September 15th, 2020|Business|Comments Off on Hong Kong government raises loan cap for SMEs, extends repayment period to help them cope with coronavirus crisis