[Updated] A step by step guide to apply for the Special 100%Loan Guarantee (SFGS100) | Article – HSBC VisionGo

The SFGS 100 has started receiving applications from 20 April 2020.This article explains in detail the five phases of the loan application process.

A step by step guide to apply for the Special 100% Loan Guarantee (SFGS 100) 

The COVID-19 pandemic has created a great deal of uncertainty. To assist small and medium-sized enterprises (SMEs) that are suffering due to the current economic downturn, the Hong Kong Government has introduced the Special 100% Loan Guarantee (SFGS 100) under the SME Financing Guarantee Scheme.

The Special 100% Loan Guarantee (SFGS 100) has started receiving applications from 20 April 2020. Interested businesses can contact participating banks and consolidate supporting documents to apply for the scheme. This article explains in detail the five phases of the loan application process.

1. Evaluate your eligibility 

Applicants have to fulfill all three eligibility criteria:

2. Fill in the application forms

Once the eligibility criteria for SFGS100 are fulfilled, applicants may get started on the SFGS application process by downloading the application forms here and filling in the required information.

The completed application forms should be printed out, signed, and have a company chop.


3. Prepare supporting documents

Additional application processing time may be needed if supporting documents are missing.

Supporting documents include:

4. Submit the application forms and supporting documents 

Each bank will have a different application submission channel. For HSBC, applicants should email the HSBC “100% Guarantee Loan Application form” to sfgs100@hsbc.com.hk with subject “100% Guarantee Loan_[your Company name].

Then, applicants should mail all the hard copies of electronic application forms and supporting documents to HSBC “Business Loans Team” at 8/F, Tower 3, HSBC Centre, 1 Sham Mong Road, Kowloon, Hong Kong or  submit the application to the Document Collection Points

5. Wait for the approval notification 

Applicants will receive a notification from the bank once the application is approved. Applicants should ensure bank recorded correspondence address is up-to-dateas application result will be notified by post.

For further enquiry, please email:telemarketingcmb@hsbc.com.hk.

Reminder: "To borrow or not to borrow? Borrow only if you can repay!" 
HSBC reserves the final decision on application approval. Please refer the terms and conditions of the application form.