BNU will launch a post-typhoon “SMEs and individuals support loan program” to provide financing for the affected small and medium enterprises and individuals today.
The bank will provide support to SMEs through several types of loans for different purposes, including operating cash flow, covering equipment purchases and shop decoration expenses. The loans will offer a preferential interest rate, and up to 30 months’ grace period for principle repayment.
According to a statement released yesterday, the program aims to reduce the operating pressure of the affected enterprises, and help businesses get back on track after the typhoons.
The support loan also covers the affected enterprises who have already applied for a subsidy loan from the government.
BNU also offers two types of loans with a preferential rate to support individuals to rebuild their homes and replace their damaged cars, including personal loans for the decoration of residential units and replacement of furniture, as well as car loans for the replacement of affected cars.
CTM announces telecom support scheme
CTM has announced the launch of the “Telecom Facilities Aid Scheme” to alleviate the burden of small and medium-sized businesses and residents impacted by Typhoon Hato, by providing several support services.
According to the telecommunication company, no special application process is required to access this scheme, and customers can call its hotline to report faulty service.
The company will send a technician for onsite testing and evaluation for the replacement of any damaged equipment.
Based on the initial estimation of CTM, this aid scheme will incur a cost of around MOP20 million.
CTM also began providing a series of support services since August 24, including a temporary increase of 4G mobile data usage upon the requests of customers and free access to CTM Wi-Fi hotspots across Macau to facilitate public communication. In addition, mobile handsets ‘health check’ services, charging stations and on loan mobile chargers are available for free at all CTM shops.
