The Financing Of Small And Medium-Sized Enterprises In Textile And Clothing Is A Difficult Problem Facing The Industry.

Funds since last year

Whether it is normal production and operation, or expansion of scale, upgrading and lack of funds, textile and garment enterprises are struggling.

This year, especially in textile and clothing SMEs, the funding environment is becoming more intense.

At present, the frequent tightening monetary policy has raised the financing cost of the industry too fast and the interest expense has increased significantly.

Bank deposit and loan

According to statistics, in 2011 1~6 months, the financial cost of China's textile industry increased by 35.36% over the same period, much higher than that of the main business revenue growth (30.50%) 4.86 percentage points.

Interest expense increased by 37.77% over the same period last year, accounting for more than 80% of the cost.

At the same time, the investment in textile industry has been affected by the tight funding environment, and the number of new projects has obviously slowed down.

According to statistics, the number of newly started projects in textile industry in 2011 1~7 was 8764, a decrease of 3.12% compared with the same period last year.

Under the background of tightening policy, most of the loans for small and medium enterprises come from family friends or folk usurious loans (more than 50% of the sample survey). The monthly interest rate of 5 points is the general market of private lending, the annual interest rate is 60%, the highest has reached 1 per month, while the average gross profit of textile SMEs is not more than 10%, and the result of the loss is no suspense.

The financing of China's textile small and medium enterprises is a difficult problem facing the industry. It can not be solved, and the survival is also threatened.