Three Pertinent Credit Products for Small- and Mini-sized Enterprises
(I)Fast & Quick Loan
1. Product Definition
To meet small- and mini-sized enterprises’ demand for quick and convenient financing, the Bank, based on the collateral provided by customers, provides fast & quick loan for small- and mini-sized enterprises by standardized “Scorecard”.
2. Product Features
•Simple and quick: grade using scorecard, quick approval;
•High mortgage rate: based on score, the mortgage may reach 100%;
•Wide application range: the quota may be used in various products such as loan, trade financing, acceptance draft, discounting and L/G;
3. Target Customers
Small enterprises that can provide cashable quality collateral and wish to receive credit in a fast and quick way from the Bank.
4. Materials Required
•Loan Application
•Business license and other underlying materials
•Ownership certificate and resolution of collateral
•Financial statement
•Relevant materials supporting scorecard
(II) Consecutive Loan
1. Product Definition
It is suitable for qualified small enterprise borrowers, with which the Bank allows such borrowers not to pay back principal at maturity date of loan, and extends repayment period by seamless connection of loan extension and repayment, thus enabling them to use loan after the expiration of original credit extension.
2. Product Features
•Alleviating financial burden for small enterprises: by seamless connection of loan extension and repayment, Consecutive Loan allows long term use of financing fund, extends loan period, and meets reasonable fund demand of small enterprises in its operation and development;
•Wide application range: as a supporting product, it can be applied together with other short term loans that the Bank provides to small enterprises for capital turnover in daily production and operation
3. Target Customers
Small enterprises that face heavy pressure on repaying loan at maturity due to mismatch of loan period and actual operating cycle, but have normal operation, great development potential and sound credit record and use the Bank as the major settlement bank.
4. Materials Required
•Application for Consecutive Loan
•Relevant materials to main business
(III) Trading Loan
1. Product Definition
“Trading loan” for small- and mini-sized enterprises means that based on stable operational trading payment between our customers and its upstream and downstream counterparties in the Bank, the Bank provides them with reasonable financing amount by standard screening and evaluation to support their short term current capital turnover.
2. Product Features
•Based on settlement transaction: evaluate financing amount in a reasonable manner based on the stable settlement amount of the customers with stable counterparties in the Bank’s settlement account.
•Credit based and guarantee free.
3. Target Customers
Small enterprises which are in good operation, have great development potential and good credit standing and use the Bank as the major settlement bank.
4. Materials Required
•Loan Application
•Business license and other underlying materials
•Relevant materials corresponding to trading context (agreement text, tax receipt, invoice, receipt, circulation documents of goods)
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