Taiwan’s state-run banks are offering favorable loans to small- and medium-sized enterprises which dedicate in developing six emerging industries including biotech, healthcare, green energy, tourism, boutique agriculture, and innovative culture.

It’s said that the First Commercial Bank plans to offer about NT$20 billion (US$625 million) in loans at 1.8%-2% per annum to small- and medium-sized enterprises that need operating capital in biotech, new energy and LED.

Aside from that, the Taiwan Business Bank is also offering favorable loans with various terms to satisfy different needs of enterprises. In comparison with the one- year amortization of short-term capital expenditure loan , that of capital equipment loans are at about five years, and that of loans collateralized with property may be over 15 years.

According to a senior First Commercial manager, each SME loan generally totals NT$60-200 million (US$1.88-6.25 million) with lending rates contingent on collateral or operating performance of the enterprise; Despite of that, the favorable loans come with lower rates to encourage SMEs to engage in these industries.