Small Loan Guarantee Threshold Lowered

Loan difficulty has become the bottleneck that restricts the laid-off workers to start their own businesses. The reporter recently learned that the relevant departments jointly issued the notice on further promoting the work of small secured loans for laid-off workers, simplifying guarantee procedures and lowering the threshold of counter guarantee.

According to our understanding, as of the end of June, our city has examined 1055 applications for small secured loans, recommended 893 people to commercial banks, approved by the city's financial and commercial banks, and 81 laid-off workers enjoy 22 yuan or 50 thousand yuan of small secured loans. Due to loan guarantees, most laid-off workers are unable to apply for small loans.

According to the notice, for the areas where loan guarantee institutions have been implemented, the counter guarantee can not exceed 30% of the actual loans of laid-off workers. Moreover, for the labor-intensive small businesses that recruit more than 30% of the total number of unemployed workers and have signed more than one year's labor contract with the employees, the small guarantee loans can enjoy three preferential treatment, which will enable the small loan guarantee policy to play a positive role in promoting the expansion of re employment.