BEA introduces new loans for SMEs' growth and green goals

The loans range from HK$1m to HK$2m.

The Bank of East Asia (BEA) launched two tailored loan products for small and medium enterprises (SMEs) – the Enterprise Easy Fund – Unsecured Loan to aid businesses to capitalise opportunities; and the Enterprise Easy Fund – Energy Efficiency Loan to help SMEs in their green transition.

The Unsecured Loan’s approval can be accomplished in about three working days, with a loan amount of up to $130k (HK$1m).

The Energy Efficiency Loan comes in line with the government’s goal to achieve carbon neutrality by 2050. This loan would assist SMEs fund projects and purchasing low-cabron and utlising energy efficient equipment in their operations. The loan amount is up to $260k (HK$2m).

($1.00 = HK$7.79)