Over 3,000 post-typhoon support applications approved

By
Newsdesk

The Macao Economic Service (DSE) announced that a total of 3,499 applications for post-typhoon support had been received from SMEs (small and medium size enterprises) as of September 6, amounting to some MOP175 million (US$21.8 million).
Among the approved applications, 5,339 were for interest-free loans for SMEs of up to MOP600,000.
Under the Industrial and Commercial Development Fund, DSE had received a total of 10,869 applications.
In order to expedite procedures, the government department is cooperating with the local banking sector, with banking entities receiving applicants’ details to perform a preliminary analysis for SMEs who have applied for the interest-free loan, after written consent is received from applicants.
The DSE is currently cooperating with 15 banks, including the Bank of China Macau Branch, Banco Nacional Ultramarino, Tai Fung Bank and others.
The department and three stations were open over the weekend to allow SMEs to submit applications.