ORIX | ORIX HK | SME Working Capital Loan | SFGS | 80% Guarantee Product | 90% Guarantee Product

SME WORKING CAPITAL LOAN

Working capital is crucial to a successful business. ORIX is pleased to offer the SME Working Capital Loan to facilitate your specific needs.

We participate in offering:

SME Financing Guarantee Scheme (SFGS): 80% Guarantee Product and 90% Guarantee Product

Competitive Advantages

Preferential interest rate
Speedy approval of application

Notes:
(1) The SFGS is provided by the HKMC. For details, please visit the website of the HKMC: www.hkmc.com.hk/eng/our_business/sme_financing_guarantee_scheme.html
(2) The final terms and conditions of SFGS loan offered are subject to the final approval and at the discretion of ORIX Asia Limited

Loan features:

SFGS (SME Financing Guarantee Scheme):

SFGS (SME Financing Guarantee Scheme) 90% Guarantee Product
Introduction	With the approval of the funding by the Finance Committee of the Legislative Council on 6 December 2019, the 90% Guarantee Product under the SFGS has been introduced on 16 December 2019. The 90% Guarantee Product aims at providing additional support to smaller-sized enterprises, businesses with relatively less operating experience, as well as professionals seeking to set up their own practices, to obtain financing.
Facility Type	Term Loan
Maximum Loan Amount	HK$8 million
Maximum Loan Tenor	5 years
Annual Guarantee Fee Rates	On qualifying guarantees under the 90% Guarantee Product under Further Concessions in Guarantee Fees: - For borrowers with business operation history more than three years: Up to 0.36% of the loan amount (not subject to a minimum annual guarantee fee rate of 0.5%) - For borrowers with business operation history of three years or less: Up to 0.45% of the loan amount (not subject to a minimum annual guarantee fee rate of 0.5%)

SFGS (SME Financing Guarantee Scheme) 80% Guarantee Product
Introduction	The SME Financing Guarantee Scheme (“Scheme”) was launched on 1 January 2011 by The Hong Kong Mortgage Corporation Limited (“HKMC”). Since 1 May 2018, the Scheme business has been transferred to and carried on by HKMC Insurance Limited (“HKMCI”), a wholly-owned subsidiary of the HKMC. The Scheme aims to help small and medium-sized enterprises (SMEs) and non-listed enterprises obtain financing from participating lenders for meeting their business needs so as to enhance their productivity and competitiveness in the rapidly changing business environment.
Maximum Loan Amount	HK$18 million
Maximum Loan Tenor	7 years
Guarantee Amount	- Guarantee coverage on 50%, 60% or 70% of the amount of the eligible loan facilities; or - Guarantee coverage up to 80% of the amount of eligible loan facilities (under the Special Concessionary Measures)
Eligibility	- 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 the lender are not eligible for the Scheme.

Remarks:

For details of the "SME Financing Guarantee Scheme", please visit the website of The Hong Kong Mortgage Corporation Limited at www.hkmc.com.hk.
For 80% guarantee product and 90% guarantee product: applications received by the HKMCI on or before 31 May 2021, eligibility criteria is relaxed to cover listed companies in Hong Kong subject to personal guarantee by individual shareholder(s) directly or indirectly holding more than 50% of the equity interest of the listed companies.
The enhancement measures to the 80% and 90% Guarantee Products under the SME Financing Guarantee Scheme (SFGS) as included in the second round of the Anti-epidemic Fund announced by the Government in April 2020 takes immediate effect (29 May). For applications of the 80% and 90% Guarantee Products received by the HKMCI on or before 31 May 2021, the maximum facility amount per Enterprise is increased from HK$15million and HK$6 million to HK$18 million and HK$8 million respectively. Total loan amount is capped at HK$18 million for 80% guarantee product and 90% guarantee product, is subject to HKMCI announcements.

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