Loan Assistance for SMEs

Providence Management

In view of the current economic conditions, the Government will provide calibrated measures to address cyclical headwinds while supporting firms to seize opportunities and press on with restructuring

To support viable SMEs that may have cash flow concerns or wish to continue growing their business, the Government will introduce a new SME Working Capital Loan scheme, for loans of up to $300,000 per SME. Under this scheme, the Government will co-share 50% of the default risk of these loans with participating financial institutions, to encourage lending to SMEs.

The SME Working Capital Loan will be available for three years, starting from 2016.