Shandong Dongying Bank "Cotton Loan" To Help Cotton Processing Enterprises Take Off

< p > entering August, the harvest season is coming.

Yang Hongfeng, general manager of Lijin Xintong oil processing Co., Ltd., is preparing to start the acquisition and processing business of cotton this year.

Earlier this year, he began to rush to raise working capital.

Cotton processing enterprises need about twenty million yuan in working capital every autumn. This is not a small sum.

Working in cotton processing enterprises for ten years, working capital has always been a headache for Yang Hongfeng.

This year, Yang Hongfeng seemed calm and relaxed.

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< p > > a href= "http://fz.sjfzxm.com/" > last year < /a > autumn. He successfully secured 10 million yuan through the "cotton loan" of Dongying bank small business franchise center, which solved the big financial problem.

This year, he intends to continue to apply for "cotton loan" to obtain working capital.

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< p > since the launch of the "cotton loan" by the Dongying bank small business franchise center in September last year, more than 120 loans have been issued to the cotton processing enterprises in Dongying and Binzhou, and the amount of loans has reached 469 million, helping the cotton purchasing and processing enterprises achieve a healthy and sustainable development.

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< p > cotton processing enterprises get the highest bank loan < /p >.

< p > last September, Yang Hongfeng applied for a loan of 10 million yuan through the "cotton loan" of the Dongying bank small business franchise center.

"This fund is really the" lifesaving money "of enterprises.

Yang Hongfeng said, for cotton processing enterprises, the amount of working capital directly affects the quantity of cotton that can be acquired, and also directly affects the income of that year.

The more funds, the better the benefits.

In 2013, Lijin Xintong oil processing Co., Ltd., because of its sufficient funds, acquired 18 million kg of seed cotton, two times the previous years, and its income also increased considerably.

Yang Hongfeng told reporters that according to his understanding, the benefits of enterprises last year ranked the top three in all cotton processing enterprises in Lijin County, and the largest production since the establishment of the company.

"Cotton processing enterprises have a characteristic, that is, from mid September to April of next year, the demand for cotton is very large, usually 20 million yuan to 25 million yuan per year."

Yang Hongfeng said that since the establishment of Lijin Internet fuel processing Co., Ltd. in 2004, the problem of working capital has been making great trouble for him and his partners every year. The most tense time is in September and new year's Eve.

However, before applying for bank loans, the maximum amount of applications is 23 million yuan, and the procedures are very troublesome.

Bank loans are not enough, he can only find relatives and friends, neighbors to borrow money, the family ten thousand, the western family twenty thousand, very troublesome.

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< p > understand that the "cotton loan" of Dongying bank can apply for a loan of 10 million yuan. Yang Hongfeng immediately consulted and applied for a loan.

This loan is the highest loan he has ever obtained. He used this fund to increase the purchase amount of cotton.

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