Commercial factoring company is an institution approved by the local financial supervision and management department to specialize in accounts receivable financing. At present, domestic supply chain finance is mainly based on accounts receivable financing, so this license is currently used most in the supply chain finance industry.
Scope of application: accounts receivable transfer financing generated under supply chain transactions, and guarantee for buyer's bankruptcy or serious breach of contract (this guarantee business is not applicable in China).
2. Financing leasing company
A financial leasing company is an enterprise established with the approval of the local financial supervision and management department, which specializes in financing fixed assets. Nowadays, many financial leasing companies are involved in supply chain finance, and basically they set up factoring companies separately to do business. However, employees engaged in financial leasing still stay in traditional credit and lack understanding of supply chain finance.
Therefore, financial leasing companies do not do much in supply chain finance. Traditional supply chain finance still stays in accounts receivable financing and inventory financing. In fact, the financing of enterprise production and operation equipment is also indispensable for supply chain finance. Supply chain finance is to solve the end-to-end financial needs of enterprises such as procurement, production, sales and logistics.
3. Microfinance companies
In recent years, the business of small loan companies is not so good, but the license of small loan companies is still quite good, because it is a license that can directly issue loans among various financial licenses.
Recently, the judicial interpretation of private lending in the Supreme People's Court stipulated the upper limit of interest rate of private lending, which had a great influence on small loan companies mainly engaged in short-term bridge borrowing and capital lending. At present, there are not many small loan companies doing supply chain finance business, and there may be some powerful small loan companies transforming supply chain finance business in the future.
Scope of application: It can do inventory financing, accounts receivable pledge financing, fixed assets mortgage financing, direct loans and bill discounting after approval. In the field of supply chain finance, the application scope is quite wide.
4. Pawn company
Speaking of pawn companies, it reminds me of pawn shops in the past. Yes, the pawnshop now is the pawnshop in the past. Specialized in financing through assets. At present, pawn companies are not involved in supply chain finance. Most of them are also engaged in short-term lending, real estate mortgage, gold and silver pawn and other businesses.
Scope of application: accounts receivable pledge financing, inventory pledge financing, bill pledge and real estate mortgage in the supply chain can be used.
5. Financing guarantee company
A financing guarantee company refers to a company that is guaranteed by the insured for debt financing such as borrowing and issuing bonds.
According to the Regulation on the Management of Financing Guarantee Companies of June 20 17, no unit or individual is allowed to engage in financing guarantee business without the permission of the financial supervision department. Therefore, supply chain financial enterprises must obtain this license if they want to provide credit enhancement services for enterprises in the supply chain.
Scope of application: It mainly provides credit enhancement services for financing and non-financing enterprises in the supply chain. Including the lack of corporate credit, providing credit enhancement services when the entry threshold of financial institutions is not enough, and providing bid bond, quality bond, tariff guarantee and other non-financing situations.