Smes Use Related Companies To Ease Capital Bottlenecks

It is important for small and medium-sized enterprises to continuously improve their own capital operation capability to match their development. However, the rational use of bank credit policies and government rules can still lubricate the capital chain of enterprises. In this process, related companies have partly solved some of the capital bottlenecks in the development process.

First of all, SMEs can use related companies to solve the problem of bank loans entrusted payment. In 2010, the CBRC issued the "three guidelines and guidelines", explicitly stipulates that the whole process risk control of loans is strengthened, and the management of the payment of loan funds has been strengthened. Commercial banks have been required to fully implement the system of entrusted loans for loans. With the advent of the system, many small and medium-sized enterprises have been complaining for a while. They could have prioritized their liquidity loans in accordance with the company's business needs. The introduction of the rule of trustee payment, on the surface, controls the lending risk of commercial banks, but in fact it is not. In fact, many small and medium-sized enterprises are making use of a virtual contract with related companies. The terms are drawn up by a loan enterprise to purchase a large number of goods from the trustee (associated company), and the goods are delivered in batches after the agreed payment is in place. Bank credit is based on the contract through risk management audit, and then entrusted the loan of liquidity to be paid to the associated company account, so as to achieve the self control of funds. Of course, if the affiliated company belongs to the upstream and downstream of the industrial chain, it will be more helpful to the approval of the bank, and it can also weaken the suspicion that the loan company transfers funds.

Second, SMEs can use related companies to solve cross-border payment problems of foreign exchange funds. Foreign exchange funds are nothing more than flows under Trade and capital flows. Trade flows are mainly trade in goods and services, while capital accounts include foreign exchange capital investment and foreign debt. Suppose that a group of subsidiaries has both internal and external sources, and the domestic company has a large amount of money fund that can not be invested in high yield for the time being. Investment Or debt repayment, then how to transfer the funds legally from domestic companies to foreign companies? Actually, there is no support for the goods or services that have already occurred. At this time, it is particularly necessary to have domestic and foreign affiliates. With the help of affiliates, the contract can be paid in advance. Under normal circumstances, contracts with reasonable compliance are signed and stamped by domestic and foreign companies, and the safe system will be approved and approved by banks. In this way, the transfer of funds from domestic to overseas is realized, and the import is completed within the time required by the safe, and the prepaid remittance can be written off.

Third, SMEs can use related parties to solve the problem of capital lending. Financial intermediation is quite common among private enterprises, though loans between enterprises have always been prohibited by our laws and policies. With the rising cost of raw materials and labor, coupled with tight money, many small and medium-sized enterprises are facing financial difficulties. To loan The situation also arises. For the same group, the distribution of funds may not be suitable for the whole group because of the different industries and the imbalance of industrial chain profits. Capital demand It will also form an interbank lending behavior.

However, without the approval of the people's Bank of China, how to lay a legal coat for financial intermediation? It can be entrusted by qualified financial institutions, or by using trust companies as intermediaries to give loans to the users of the loan. It can also turn the interbank loan principal into a civil actor and an enterprise, so long as the meaning between the parties is true, the law is recognized. Effective. In the dismantling of related enterprises' funds, it is necessary to meet the requirements of the tax department. Both the business tax and the interest income tax levied on tax adjustment for borrowing and lending are calculated and paid on time. These are relatively easy to solve than the operational difficulties brought about by the shortage of funds.