Nanhai Textile Enterprise Holds Bank Development And Gets 1 Billion Credit From Bank

< p > the financing difficulties of small and micro enterprises have been plaguing many business owners. Especially for Foshan, a private economy, this problem is particularly prominent, but there are exceptions.

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< p > "often hear others say that small and micro enterprises financing difficulties, but for us, this problem has never existed."

Chen Shubin was full of confidence when he said this. He served as the chairman of the a target= "_blank" href= "http://www.91se91.com/" > the textile /a Industry Association (hereinafter referred to as the "Textile Association"). Under his leadership, the textile association and the Bank launched a deep cooperation for 10 years.

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< p > as early as 2003, the textile enterprises in Xiqiao, South China Sea, negotiated with GF in the name of the association, and successfully obtained 1 billion yuan credit line from the bank, which made the textile enterprises first taste the sweetness of Baotuan development.

In the subsequent development process, this kind of consciousness of holding together has been continuously strengthened. Under the organization of the association, Guarantee Corporation and small loan companies have been set up within the industry, and financial difficulties have been solved through various financial innovations.

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< p > < strong > Baotuan development was awarded 1 billion credit by the bank < /strong > < /p >.

< p > for textile enterprises, upgrading and upgrading of equipment has always been a difficult problem. "The equipment we produce is basically around 400 thousand yuan, and the average business pformation and expansion will take at least 20 to 100 units. For small and medium-sized enterprises, it will be a great pressure to buy tens of millions of dollars in a short time, but if we apply for mortgage loans to banks, the pressure will be much smaller."

Chen Shubin introduced that in order to help members of textile association to carry out equipment renewal and pformation, the association is now applying for 300 million yuan credit line to Guangdong Development Bank.

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< p > it is unthinkable for textile enterprises to apply for hundreds of millions of yuan loan and credit to banks.

Compared to household appliances, ceramics and other industries, the concentration of textile industry is much smaller, mainly in small and medium enterprises. "In the past, many banks set up various thresholds for small and medium enterprises. There is no bargaining chip for individual enterprises to negotiate with banks. It is basically impossible to talk about tens of millions or one hundred million or two hundred million yuan."

Chen Shubin introduced the weak position of textile enterprises and led them onto the road of Baotuan development.

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< p > at the beginning of this century, with the encouragement of the government, Xiqiao textile enterprises in the South China Sea continue to strengthen the role and status of the trade associations, and negotiate with the banks in the name of the association. "Because the project is based on the whole industry as a bargaining chip, the opportunity to basically talk about it is very high."

In 2003, Chen Shubin signed a 1 billion yuan credit agreement with the Guangdong Development Bank on behalf of the textile association and made him more convinced of the necessity of the development of the textile industry.

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< p > over the past 10 years, the textile association has established a comprehensive cooperative relationship with the Guangdong Development Bank, successfully solved the problem of < a href= "http://www.91se91.com" > financing < /a >, "first striving for the quota from the bank in the name of the industry, then the textile enterprise should apply according to its own needs, rather than the average distribution, and the enterprise application should also determine the loan amount according to the provisions of the bank."

Chen Shubin introduced that the credit limit applied in the name of the industry can be recycled in the agreement period to meet the financing needs of different enterprises.

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< p > through this mutually beneficial cooperation, the industry and banks have achieved mutual benefit and win-win situation. "We have obtained loans from banks, and the banks have achieved good risk control through cooperation with the association. So far, we have not seen a single cent risk from GF loans."

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< p > < strong > risk control within the industry < /strong > /p >

< p > the deep cooperation between the textile association and the banks is largely based on a series of financial innovations carried out by the association. "What is the bank's most concerned about? What is most concerned about is the risk. They are willing to cooperate with us because we know clearly that the risk is not great."

The risk in Chen Shubin's mouth refers to the default behavior of textile enterprises, which has been digested through a series of innovations within the industry.

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< p > in order to enable enterprises to better meet the requirements of the bank's wind control, under the leadership and support of the government, the textile enterprises jointly funded and established their own Guarantee Corporation to guarantee the textile enterprises that did not meet the requirements, thus greatly reducing the risk of the banks.

For enterprises with insufficient conditions, we can undertake joint guarantee or counter guarantee through Guarantee Corporation. If risks arise, it will be borne by our industry. "

Chen Shubin said that the Guarantee Corporation set up was not for profit purposes. "We only charge 1% of the fees symbolically."

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This way of mutual insurance allows enterprises to take the initiative in negotiating with banks. "In the past, only the equipment could be mortgaged to the bank, but the value of a new device was 500 thousand yuan. After the bank got the invoice, it would fight 5% off and then hit 70 percent off, and then the gold would enter the bank to become iron." Chen Shubin said that by minimizing the risk of banks, the association established a good trust with the Guangdong Development Bank, thereby reducing many unnecessary paction costs. "Equipment mortgage is also a big market. The life of ordinary textile production equipment is about 10 years. We have nearly 30 thousand machines in Xiqiao now. Half of the next few years have entered technological pformation, and banks have no reason to abandon the market," P said.

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< p > in order to further expand the financing channels of textile enterprises, textile enterprises jointly invested 490 million yuan this year to set up a small loan company to become the largest small loan company registered capital in Foshan. "Small loan companies will serve as the main service objects with the a href=" http://www.91se91.com/news/index_c.asp "> Textile Association < /a >, so as to solve the problem of cash flow in textile enterprises.

Chen Shubin introduced.

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