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What does 100% secured loan mean?
The government takes risks.

Because of the epidemic, enterprises are unable to issue loans for employees' wages and rents. The government said it would bear the bad debt risk of 100%, and the government would be the guarantor. So it is the government that bears the risk. This is called a 100% guaranteed loan.

The application process is for small and medium-sized enterprises, bank loans, review documents, and the Hong Kong Mortgage Corporation (government representative) as the final guarantee.