Latest update on this page: 2018-05-02

Hong Kong SME Loans Intermediary Arrangement Service

for Hong Kong companies with local or worldwide business

AsiaBC supports Small and medium-sized enterprises in Hong Kong to obtain the most feasible Hong Kong banks’ loans by acting as your corporate financial consultant on our clients behalf.

How can AsiaBC help SMEs to get loans?

Credit Score

Credit Report is the records of your personal behaviors of financing, it tells your possible lenders that you are a “good” or “bad” borrower.
Your bad credit history leads to bad credit scores – a rating of your credibility in a snapshot; Bad credit score results in higher interest rates and harder to get personal and business loans.
AsiaBC can’t rebuild your credit score but we assist you to correct your credit history which in turn improve your credit score since some mistakes on your credit report can be fixed.
Failed applications of loans from financial institutions (e.g. banks) hurt your credit score, they are recorded in your Credit Report. More failure applications in your credit report means harder acquisition of loans.
Plan wisely! Seeking help from financial intermediary for loans planning in advance to applications can save you from the vicious cycle.

Unbiased Advice

AsiaBC offers an impartial comparison in the loans market to our clients.
AsiaBC does not work for any lending financial institute, our advice are not biased toward any lenders.

"One-stop" Comparison

AsiaBC can assist you (borrower) with personal loans, SME loans, and corporate loans (i.e. mortgage loans, mortgage refinancing, personal loan, overdrafts facilities, revolving loans, secured asset loans, term loans, trade finance, HK government SME loan guarantee scheme, receivables finance, factoring finance, and any financial products you know from banks and other financial institutions.)
You are assured to find the best loans as well as financial products once you tell us your needs.

Risk Assessment

We evaluate your current financial situation by accessing your financial information including, but not limited to, tax receipt, bank statement, and credit report*.
You know if you are eligible to qualify for the financial tools that help to settle your need.

* : External service charges may be generated from 3^rd party agency for producing the required financial reports.

No Upfront Fee

AsiaBC will not charge any upfront fees from borrowers!
Handling fee will be applied when you sign to accept the loan offer.

No Hidden Charge

AsiaBC’s handling fee is clearly stated in our service agreement.
We charge a flat rate for our handling fee, a constant marginal rate of your final collected loan amount.

Your Rights

Your rights and your obligations are clearly stated in a loan contract between you and the lender.
AsiaBC guarantees to explain all the details in loan contracts and agreements before you sign.
You keep every document you signed for your record.
In short, your thorough understanding is assured.

Step-by-Step

Approach AsiaBC
Tell us your needs, and your current financial information
Identify the possible loan amount by risk assessment (handled by AsiaBC)
Choose the most feasible financial products among lending financial institutes
Understand the possible AsiaBC’s handling fee of these products
Document submission to selective lenders (handled by AsiaBC)
Get reply from lenders for primary result
- If you reject the lenders offer, no fee is generated.
- Tell us your idea about their offer, we will follow up
Prepare for the service agreement (handled by AsiaBC)
Prepare for the loans contract (handled by the lender)
Sign and confirm the contract and agreement
Receive the loan amount and settle AsiaBC’s service fee
Follow the terms and condition of the loan contract

Types of Financial Products

AsiaBC assists you to get the best deal of them from lending financial institutions.

Personal Loan

Unsecured loan
Loan amount up to HKD1,200,000
Fast processing time and fund disbursement
Proof of your employment income is required

Asset Secured Loan

Secured loan
Vast varieties of collateral are accepted (e.g. property, Hong Kong Dollar or other currency time deposits, investment deposit, stocks, securities, investment funds, bonds, investment deposits, certificates of deposit, insurance policies, standby letter of credit and statement gold)
Loan amount up to 100% of collateral’s market value
Interest rate as low as Prime rate
The aggregate loan amount can be up to HK$10,000,000 when your application is a combination of various types of facilities as follows:
- Installment Loan
- Overdraft Facility
- Trade Finance
- Foreign Exchange / Treasury Limit
- Bank guarantee

Unsecured SME Loan

Unsecured loan
Loan amount up to HKD2,000,000
Tenor up to 5 years
Interest Rate as low as prime rate
Proof of your business profit is required

Trade Finance

Access the best tools to finance your importing or exporting business.

Import trade

L/C Issuance
Back-to-Back L/C
Import Bills for Collection
Import Loan
Shipping Guarantee
Trust Receipt Facilities
Import Invoice Financing

Export trade

L/C Advising and Confirmation
L/C Transfer
Export Bills for Collection
Export Bills Advance
Export Bills under L/C for Collection
Negotiation / Discount of Export Bills under L/C
Packing Loan
Pre-shipment Financing
Export Invoice Discounting

Other products

Guarantee / Bond / Standby L/C
Forfaiting
Factoring
Foreign Exchange Services

Receivable Financing

For companies do trading business with both local and foreign customers on open account
Companies access financing with their accounts receivable and no other collateral required
Loan amount can be up to 80% of the invoice value

SME Loan Guarantee Scheme (SGS)

Background:

Operated by Trade and Industry Department of HKSAR government
Launched in 2012

Aim of (SGS):

to help SMEs secure loans from the selective lending institutions for acquiring:
- business installations and equipment
- working capital
- a combination of both

Characteristic:

The government’s guarantee for a SME is 50% of the lender’s approved loan size, subject to a maximum amount of HK$6 million.
The guarantee period is up to a maximum of five years, counting from the first drawdown date of the loan.

Details

SME Financing Guarantee Scheme (SFGS)