SME Financing Strategies
Small and medium enterprises (SMEs) are critical for the economic and social development of all markets including Hong Kong. According to statistics compiled by the HKSAR Government, they constitute more than 98% of business establishments and employ more than 44% of the workforce in the private sector.
Owners and entrepreneurs report access to capital to be one of their toughest challenges. SMEs should not be discouraged by a low approved loan amount, but it still lets them accomplish short-term goals, like fulfilling a short-term contract. They should look at it as only the first conversation in a long relationship.
We frequently engage our customers, above and beyond what others usually do. Taking a holistic view, the entire business model and operations are evaluated, not just the financials, to establish a pattern of transactions that show the borrower’s repayment capability, business model, and ability to support the desired financing level.
This gives an opportunity to engage with SMEs at the right timing with appropriate financial products that suit their stage of growth. The available financing options for SMEs vary, catering to businesses of all sizes, levels of development, and areas of operation.
At the end of the day, SMEs are at the heart of everything we do. By placing your business first, we strive to make financing simple so that you can focus on your business. Having fast, easy access to working capital at the right time can help your business stay resilient against uncertainty.
