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FORUM - SME Financing

Small Loans For SME's

27 Sep 2012 12:44

I runa a small (myself and 1 p/t staff) SME with a T/O of between HK$ 1.2 and 2.4 m pa.

 

It is a recruitment business, and so fairly cyclical - for financial year 2010 the company showed a good profit, 2011 we declared a small loss (just to minimise tax) and this year will be fairly awful.

 

We have approached a number of PLI's to try to get an SME loan of $350,000 over 36 months, but the banks all make excuses and say things like the loan is too small for an SME, or our last 6 months t/o is too low, etc., etc.

 

Can anyone suggest a PLI worth approaching, or suggest other avenues for a loan of this size?

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