Frequently Asked Questions
How do MC Advisors' financing advisors help their clients?
As a small and medium-sized enterprise (SME), it is essential to have sufficient and timely working capital. SME owners often find it difficult to consult with multiple banks for financing at the same time, which can easily lead to a decline in credit rating and make it even more difficult to negotiate with banks.
Our experience enables us to negotiate the best deals with banks. We also contact thirteen banks to expedite the application process, saving clients valuable time by constantly contacting banks, submitting additional documents, and facing difficult questions from banks, which could lead to failed applications.
Why not apply for a business loan directly from the bank, instead of going through you?
Generally speaking, applying directly to a bank is a viable option and can save on consultant fees. However, due to the complex and lengthy approval process for business loans, coupled with low transparency, SMEs are often unsure whether their company will be approved, and bank managers cannot provide immediate feedback on the success of their applications.
Many SMEs are only informed of their application failure by their banks one or two months after application, causing them to fall short of their budgets when funds are most needed, potentially leading to cash flow problems. MC Advisors, founded by former senior bank managers with over ten years of experience in commercial lending, currently maintains strong relationships with thirteen banks, enabling direct communication with them.
We are familiar with the loan approval criteria of all commercial banks in Hong Kong, and can accurately select suitable banks for our clients, which can multiply the loan amount that clients can apply for, greatly improve the success rate, and even give them the opportunity to waive bank fees or obtain lower interest rates than if they apply on their own.
In 2024 and 2025, we successfully assisted clients in obtaining approvals for over 500 business loan applications. We are a legitimate business loan advisory firm that only assists companies with legitimate businesses in applying for bank business loans. We will not assist problematic companies or those intentionally deceiving banks in their applications, thus protecting all our clients.
Are government-guaranteed loans difficult to apply for?
Loans with 80-90% guarantees are among the most accessible SME loan options on the market. While the threshold is relatively low, there are still certain requirements regarding the company's operational status. Furthermore, numerous risk factors need to be considered, such as the recent poor market conditions or tight government spending, leading to increasingly stringent approval requirements from banks and the government. Therefore, the ability to obtain sufficient loans depends heavily on the financial advisor's familiarity with the SME financing market, the number of banks available, and the quality of the relationship with the banks.
We are very familiar with the approval requirements and procedures. We will assist customers to carefully process the documents and analyze the areas that may be questioned by the bank in each case. We will handle all documents properly before the case is submitted and meet the approval requirements, which can increase the application success rate to more than 90%. Our case success rate in 2024 is approximately 95%.
I've applied for the 100% guarantee plan; can I apply for other plans?
Yes. 100% guarantee plans can be applied for separately from other guarantee plans, but the approval conditions and time required differ. Some companies may be able to successfully apply for a 100% guarantee plan, but may not be able to obtain 80% or 90% coverage; other companies may not be able to apply for the former, but can apply for the latter.
How long does the application process usually take?
If all documents are complete, the fastest processing time for 80% and 90% mortgage plans is 2 weeks, followed by another week for government review. Unsecured loans take 1-2 weeks.
Different cases and the bank chosen will also affect the application speed.
Individual case fees?
We guarantee that all initial consultations and meetings for each case are free of charge, so you can feel free to contact us for inquiries.
We will only charge a service fee if you successfully apply for and receive a loan. There will be no other additional or hidden fees, and we will not charge any fees if the application is unsuccessful.
The fees are in line with industry standards and we will not charge exorbitant service fees.
What is your consultation process?
We will carefully review your company's background with your responsible person or authorized representative to confirm whether your company's operations meet the basic loan requirements. Since each company's situation is unique, we may request your company's operating documents for reference before making a judgment. These documents will only be used for inquiry purposes and will not be used for a direct, formal loan application unless authorized by your company.
Are you a legitimate consulting firm?
We are a company highly focused on providing loan consulting services to SMEs, offering only legal and compliant services. If we discover any false or problematic documents provided by a client, we will immediately terminate the partnership to protect all our clients.
Will you check my credit rating?
No. We are not a credit or financial institution and do not have the authority to inquire about your credit rating. However, by formally applying for a bank loan, you authorize the bank to inquire about your personal credit rating, which the bank will verify upon accepting the application. If you know your credit rating, please feel free to inform us when you inquire with us so that our account manager can make an assessment.
How do I know if I am eligible to apply?
The basic application qualifications are listed on our website, but since the bank's approval process has many hidden conditions, we suggest you consult our advisors first.
Our experienced consultants can communicate with you over the phone. You simply need to tell us about your company's situation, and our consultants can make an immediate assessment, so you don't have to wait anxiously for bank notifications.