Self Financing Can Apply For Credit Loan.

The most difficult part of entrepreneurship is the financing of SMEs.

The credit model of the three parties jointly established by the industry and commerce departments, private individual associations and banks in Chongqing has pointed out the solution to the difficulty of self-employed loans.

The reporter learned yesterday that the model has started trials in more than ten districts and counties such as Qijiang, Yubei, Hechuan and Tongnan in Chongqing, and the small business owners' small loan platform jointly built by the business sector, Chongqing private private economic association and banks has provided "credit loans" for honest and trustworthy individuals and private enterprises.

Liu Zhaogang, a small boss of Qijiang, is a small 38 year old boss in Qijiang county. He worked smoothly from the Qijiang rural credit cooperative association to 250 thousand yuan, and successfully expanded the catering business through private partnership and industry and commerce department cooperation.

In the past, they were running loans by self-employed individuals. Because of their small size, banks were afraid to take risks and lend money.

Through the three party collaboration, the evaluation of the business sector and the private partnership has a greater impact on the credit rating of the banks for the borrowers.

Yesterday, the Secretary of the municipal private association secretary Qiu revealed that at present, the highest credit loan for self employed households has reached 300 thousand yuan.

However, the three party lending mode also has a certain threshold.

In addition to the involvement of the business sector and private associations, borrowers are required to provide collateral or pledge such as property, machinery and equipment, certificates of deposit, treasury bonds and other securities that are in conformity with the provisions of the guaranty law.

This mode has been the focus of SAIC.

Zhong Youping, deputy director general of SAIC, who came to Chongqing recently, said that this experience has implications for solving the financing problems of SMEs in China.