Direct Guarantee: Apply to Taiwan SMEG Directly
Those SMEs which have ability of R&D, business management or market development, but encounter difficulty in obtaining financing via market mechanism may apply to Taiwan SMEG directly for credit guarantees. Taiwan SMEG will issue a Letter of Commitment to the SMEs, then the SMEs can apply to FIs for loans with the Letter of Commitment
The Direct Guarantee
1. Apply for credit guarantees
2. Issues the Letter of Commitment
3. Apply for loans
4. Confirm the guarantees
5. Offers the guarantees
6. Extend loans
7. Inform of financing & transfer guarantee fee