SMEloan gets credit facility
SMEloan gets HK$600 million credit facility from Standard Chartered Bank.
SMEloan Hong Kong has become the first e-financial company in Asia to obtain a HK$600 million ($76.9 million) loan led by Standard Chartered Bank and backed by a surety bond from Centre Solutions (Asia) Limited. SMEloan, which was formed earlier this year with $30 million in funding from venture capital company Whitney & Co., provides credit to small and medium sized companies that have traditionally had difficulty raising working capital loans from lenders. SMEloan originates and…
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