Individual Workers Association: Making Haining Leather Small Business Loans No Longer Difficult And Difficult

Since the implementation of the tight monetary policy in 2008, the funds of a large number of enterprises in Haining have not been satisfied, and the small businesses of individual nature are unable to get bank loans, which has seriously affected the production and operation.

Under the guidance of the Haining Bureau of industry and commerce, the Haining Association of individual workers, as the "mother family" of the enterprise, has been actively associated with financial institutions. Since July 17th, it has jointly launched the "good loan to repay" micro credit loan with the postal savings bank of Haining branch, which has helped the small businesses.

Shen is a business owner of Jinshi village in diagonal bridge town. She has built her own workshop for three years.

She bought raw materials such as filaments from Tongxiang and Haiyan, and the products were mainly supplied to many socks factories in the city.

Because of the rising prices of raw materials, this year, Ms. Shen obviously felt that the profit margins were narrowing and that liquidity needed to purchase raw materials.

A few days ago, Ms. Shen borrowed 100 thousand yuan from the postal savings bank of Haining branch to produce the required working capital.

The bank thinks: in recent years, the warp knitting industry in our city has developed rapidly, and has led to a large number of fiber processing enterprises. Therefore, the customers are stable and the follow-up development is good.

On the 24 day, Shen received the money from the city postal savings bank.

Ms. Shen is one of the 28 customers of the Haining postal savings bank since July 17th to deal with no mortgage and pledge credit - "good loan", a business guarantee and a joint insurance loan business for a week.

According to the briefing, the bank issued loans to the 28 small businesses amounting to 2 million 780 thousand yuan, which is mainly used for the current liquidity difficulties of enterprises.

In this regard, Shen believes that it is indeed urgent.

"Good loan, good repayment" business guarantee and joint guarantee loan is a new business jointly launched by the Haining Association of individual workers for promoting the development of small businesses and individual industrial and commercial enterprises with the Haining branch of Postal Savings Bank of China under the current macro-economic environment of tight money.

During the visit, the City Association learned that many business operators affected the operation and development due to the shortage of funds.

In order to solve this problem in time, the association, together with the support of the city postal savings bank, has jointly developed loan varieties, loan methods and loan objects, and has been promoted to Haining, China's Leather City, Home Textile City, building materials market and some township operators.

The borrowers are Haining's individual industrial and commercial enterprises and individual proprietorship enterprises. The lender can apply for bank loans ranging from 1000 yuan to 100000 yuan as long as there are business licenses approved by the industry and Commerce Department and a fixed place of business.

The product is welcomed by large and medium-sized business owners with the advantage of no need of mortgage, pledge, quick loan and low threshold.

Haining Association chief said: in the case of continuous innovation, pformation and upgrading of enterprises, the Haining Association will take advantage of its advantages and characteristics to find and contact targeted, distinctive financial services for small businesses, so that small businesses will no longer worry about loans.