The “Taipei City Government SMEs Loan Program” was established by the Taipei City Government on March 1, 2009. The credit guarantee fund amounts to NT$3.5 billion and as of the end of October 2020, a total of 4,762 SMEs have applied for the loan. The city government has approved 4,031 applications and the total loan released amounted to NT$3.3 billion. The approval rate was 82%.. Statistics show that the Taipei City Government SMEs Loan Program has a remainder of about NT$420 million for disbursement and welcome those who are in need to apply for it.