The third round of the "100% Guaranteed Loan" scheme launched by the Hong Kong government, to help SMEs cope with the economic downturn under the epidemic has started since the beginning of April this year. So far, three months have passed. The first batch of loan applications have been issued one after another, and some friends have received or received loans in a short period of time, which can relieve the pressure on operations.
The loan amount of this round has increased significantly to 27 times the total monthly salary and rent of the company's employees, which is of great help to small and medium-sized enterprises. However, the government's approval process is more strict compare to the previous two rounds, requiring more supporting document and details. Therefore, the progress has slow down. The backlog of applications has begun to increase, and the processing and approval take longer. Dear SMEs friends, if you want to obtain a 100% government-guaranteed loan, you must apply sooner so that you can get funding quicker. More importantly, it is necessary to prepare documents and other preparations before applying, which can speed up the approval time and make the process smoother.
If you need to apply for the plan, or want to know more details about the plan, application methods and practical skills, please contact our company.
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