Business Loan Eligibility Self-Check
Answer 7 questions to see whether your company suits a government-guaranteed loan, bank loan or virtual bank loan, and roughly what limit.
Answer the following questions
Loan information as of October 2026; bank products are third-party compiled references, subject to each bank's latest announcements.
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SME Financing Guarantee Scheme (80%) Highlights
- Application period until 31 March 2028
- Maximum loan HK$18 million per enterprise
- Maximum guarantee period 10 years, interest-only for the first 6 months
- Non-listed locally incorporated enterprises; in our experience at least 2 years in operation
- Loans are mainly for business operating expenses and generally cannot be used to repay existing debt
- The application periods for the 90% and 100% guarantee products have ended
How to Choose a Loan Channel?
Under 2 years in operation
The 80% guarantee generally does not apply; consider bank products with looser years-in-operation requirements (e.g. from 6 months) or virtual bank loans.
2 years or more in operation
Consider the 80% guarantee: it has a government guarantee and relatively lower approval thresholds.
3+ years with complete financial statements
Limits and rates approved directly by banks are generally more favourable; some may require collateral.
Sole proprietor or self-employed
Most products require business registration; limited companies usually need the owner's personal guarantee, so confirm with the bank before applying.
Documents Generally Needed for a Loan Application
- Proof of identity of the owner, partners or guarantors, and proof of address within 3 months
- Company bank statements for the last 6 months
- Utility bills within 3 months, a valid tenancy agreement, or key customer / supplier invoices
- MPF statements, payroll records or employees' compensation insurance certificate within 3 months
- Loan documents from other banks
- Financial statements for the most recent year (depending on the bank and loan amount)
Want a Consultant to Help with Your Loan Application?
101 Business Consultant helps you choose a plan, prepare documents and follow up approval by banks and HKMC Insurance.