The "Business Loan" Business Promotes The 400 Type Of Joint Guarantee Loan Mode To Achieve A Win-Win Situation Between Banks And Enterprises.

June 25th, Tianjin

Tianjin and Minsheng Bank held a symposium on banks and enterprises to explore mitigation

An effective way for small businesses to raise funds.

The leaders of 11 400 type cotton processing enterprises in Ninghe county have consulted and consulted on the related issues of the "credit loan" business joint guarantee of Minsheng Bank, and initially reached 3 group's wishes.

Most of the 400 type cotton processing enterprises in our city are small in scale, weak in strength, and few in mortgage assets. They have been unable to obtain credit funds of financial institutions for many years, which has restricted the development of cotton enterprises.

Most enterprises adopt private lending methods such as fund-raising and so on, and the cost of financing continues to rise.

After the reform of the national cotton quality inspection system, 400 types of small processing enterprises require the association to coordinate financial institutions and help to solve credit funds.

In the autumn of 2010, the city cotton association, supported by the municipal finance office, coordinated the Dalian bank Tianjin branch and the Guarantee Corporation to implement the loan counter guarantee measures, and settled 15 million yuan for 2 cotton processing enterprises. In the autumn of 2011, the association worked with the Minsheng Bank to address the financing difficulties of the small and medium-sized cotton processing enterprises, and the customer evaluation staff of Minsheng Bank went deep into the enterprise to conduct market risk research and innovation.

"Business" is designed to set up 3-5 unsecured unsecured loan products for small and medium-sized cotton enterprises, and the branch approves 90 million yuan for financing.

Since the time has already been purchased for the peak season, only 1 groups have been successfully organized, and 3 enterprises have obtained 3 million yuan respectively, which amounts to 9 million yuan joint guarantee loan.

Since June of this year, the association has strengthened communication with the people's Bank of China's "business loan" joint guarantee credit management bank, timely tracking the repayment of the maturing loans, understanding the related problems of the 3 joint guarantee loan capital flows, making early coordination of the unsecured loans, and expanding the actual effect of the joint guarantee loan.

After many communication between the association and its member units, 11 small cotton processing enterprises of 400 types in Ninghe county participated in the Symposium of bank and enterprise, initially reached 3 group's wishes, and began to apply for the declaration procedure of "business loan Tong" joint guarantee credit.

This unsecured joint guarantee loan mode is well received by the 400 type cotton processing enterprises in our city.

It has opened up the bottleneck for SMEs' own loan qualification, alleviated the financing difficulties of some 400 type cotton processing enterprises, and achieved a win-win situation between banks and enterprises, which is conducive to the consolidation of the results of the cotton quality inspection system reform, and will effectively promote the healthy development of the cotton industry in our city.