What conditions do SMEs need to meet for loans
They need to be able to perform contracts and repay debts, have a good willingness to repay, have no bad credit record, and credit asset risks are classified as normal or non-financial factors. The loan is recommended to Molong for detailed consultation. Molong is headquartered in Chengdu and currently has subsidiaries in Chengdu, Beijing and Chongqing. Relying on strong Internet and information technology R&D and operation capabilities, excellent management team and resource integration advantages.
Requirements and conditions for small and medium-sized enterprise credit loans by banks:
(1) The enterprise has been established for at least three years.
(2) The amount invoiced in the past six months is not less than 1.5 million.
(3) having a fixed business place; In good financial condition.
(4) Other relevant conditions required by the bank. The loan term and amount of small and medium-sized enterprise credit loans is generally 1-1 million; The loan term is generally 1-3 years.
Small and medium-sized enterprises, because of their small capital and small business scale, find it difficult to provide mortgages and pledges needed by banks, and it is also difficult to obtain credit guarantees from third parties, so it is difficult to obtain loans from banks.
for more information about loans, please consult Morlon. Moerlong owns the most professional Internet finance platform in China, covering 371 cities across the country, with more than two million registered users, and providing tens of billions of yuan in loan services to various customers every year. Focusing on the financial core risk control technology, based on AI algorithm and driven by data, Molong continuously conducts deep learning model training, providing big data risk control support for mortgage, car loan and credit loan business systems, and providing intelligent brain and tool support for product design and risk control in all scenarios of the whole industry. Professionalism is worth choosing.
what are the channels for SME loans?
1. Upstream and downstream channels: small enterprises can look for loan opportunities from the upstream and downstream of the industrial chain. If they are dealers of a well-known brand car, they can use the credit and guarantee of upstream manufacturers to get loans. If they are material suppliers of a leading enterprise, they can also use orders to go to the bank for order pledge.
2. Policies: At present, the state is vigorously supporting small and medium-sized enterprises, and many preferential policies have been introduced one after another. The small enterprise bureau and the industrial and commercial bureau usually have relatively complete bank credit information. Some departments will introduce enterprises to join a joint bank-securities loan project, and some will provide guarantees for small enterprise loans by setting up guarantee institutions.
3. financial institutions: loan information can be obtained from various commercial institutions, and from development zone management committees, chambers of commerce and industry associations in development parks or science and technology parks. some commercial institutions will also set up joint loan projects with banks, and commercial institutions will provide guarantees for small business loans under them.
4. Local channels: If you are a member of a county-level industrial cluster or a local industry with advantages and characteristics, enterprises can also apply for loan varieties such as joint guarantee loans by virtue of the advantages of related enterprises.
Extended information:
What are the ways for SMEs to get loans?
first, comprehensive credit
that is, some enterprises with good operating conditions and reliable credit are granted a certain amount of credit line within a certain period of time, which can be recycled by enterprises within the validity period and credit line. The comprehensive credit line shall be declared by the enterprise at one time and approved by the bank at one time. Enterprises can use the money in installments according to their own operating conditions, and it is very convenient for enterprises to borrow money, and it also saves the loan cost. Banks provide loans in this way, generally for enterprises with industrial and commercial registration, qualified annual inspection, good management, reliable reputation and long-term cooperative relations with banks.
second, credit guarantee loans
in 31 provinces and municipalities across the country, more than 1 cities have established credit guarantee institutions for SMEs. Most of these institutions implement the form of membership management, which belongs to public service, industry self-discipline and self-non-profit organizations. The source of the guarantee fund is generally composed of local government financial allocation, member funds voluntarily paid by members, funds raised by the society and funds from commercial banks. When a member enterprise borrows money from a bank, it can be guaranteed by a small and medium-sized enterprise guarantee institution. In addition, SMEs can also seek guarantee services from guarantee companies that specialize in intermediary services. When the enterprise cannot provide the guarantee measures acceptable to the bank, such as mortgage, pledge or third-party credit guarantor, the guarantee company can solve these problems. Because compared with banks, guarantee companies have more flexible requirements for collateral. Of course, in order to protect their own interests, guarantee companies often require enterprises to provide counter-guarantee measures, and sometimes guarantee companies will send personnel to enterprises to monitor the flow of funds.
iii. Project development loans
Some high-tech SMEs can apply for project development loans from banks if they have significant scientific and technological achievements transformation projects and the initial investment amount is relatively large, which is unbearable for their own capital. Commercial banks will give active credit support to small and medium-sized enterprises with high-tech products or patent projects with mature technology and good market prospects, as well as small and medium-sized enterprises that use high-tech achievements for technological transformation, so as to promote enterprises to accelerate the transformation of scientific and technological achievements. For high-tech small and medium-sized enterprises that have established stable project development relations with universities and scientific research institutions or have their own research departments, banks can provide project development loans in addition to working capital loans.
iv. loans secured by natural persons
natural person guarantees can take three forms: mortgage, pledge of rights, mortgage plus guarantee. Property that can be mortgaged includes personal property, land use right and means of transportation. Personal property that can be pledged includes savings deposit certificates, voucher-type government bonds and registered financial bonds. Mortgage plus guarantee refers to the joint and several liability guarantee of the mortgagor on the basis of property mortgage. If the borrower fails to repay all the loan principal and interest on schedule or other breach of contract occurs, the bank will require the guarantor to fulfill the guarantee obligation.
V. Personal entrusted loans
Commercial banks such as China Construction Bank, Minsheng Bank and CITIC Industrial Bank have successively launched a new loan business-personal entrusted loans. That is, a loan that is entrusted by an individual to provide funds, and is issued, supervised, used and assisted by a commercial bank according to the loan object, purpose, amount, term and interest rate determined by the client. The basic procedure for handling personal entrusted loans is:
The principal applies to the bank for loan.
the bank selects and matches according to the conditions and requirements of both parties, and recommends them to the entrusting party and the borrower respectively.
the principal and the borrower meet directly to negotiate and make decisions on specific matters and details such as loan amount, interest rate, loan term and repayment method.
after the borrower and lender negotiate the requirements, they go to the bank together and sign entrustment agreements with the bank respectively.
the bank investigates the credit status and repayment ability of the borrower and issues an investigation report, and then the borrower and the borrower sign a loan contract and issue the loan after approval by the bank.
VI. Discount loan on bills
Discount loan on bills refers to that the bill holder transfers commercial bills to a bank and obtains the funds after deducting discount interest. In China, commercial paper mainly refers to bank acceptance bills and commercial acceptance bills. One of the advantages of this loan method is that banks do not lend money according to the asset size of enterprises, but according to market conditions (sales contracts). When an enterprise receives a bill, it usually takes as little as a few tens of days to as many as 3 days until the bill is cashed, and the funds are idle during this period. If enterprises can make full use of discounted bills, it is much simpler than applying for loans, and the loan cost is very low. Discounting bills can only be done by taking the corresponding bills to the bank for relevant procedures, which can generally be completed within three business days. For enterprises, this is "using tomorrow's money to earn the money the day after tomorrow", which is worthy of being widely and actively used by small and medium-sized enterprises.
VII. Pawning loan
Pawning is a kind of loan method that takes physical objects as collateral and obtains temporary loans in the form of ownership transfer of physical objects. Compared with bank loans, pawn loans have high cost and small loan scale, but pawn also has incomparable advantages over bank loans. First of all, compared with the bank's almost harsh requirements for the borrower's credit conditions, the pawnshop's credit requirements for customers are almost zero, and the pawnshop only pays attention to whether the pawned items are genuine or not. Moreover, general commercial banks only do real estate mortgage, while pawnshops can pledge both movable property and real estate. In fact, in addition to pawn shops, microfinance service institutions, guarantee companies, companies and other institutions are carrying out vehicle mortgage loan business in succession.
VIII. Intellectual property
Intellectual property refers to applying to the bank for financing of small and medium-sized enterprises with the property rights in the legally owned patents, trademarks and copyrights after evaluation. Due to the particularity of the implementation and realization of intellectual property rights such as patent rights, only a few banks provide financing facilities for some small and medium-sized enterprises, and generally they need to be insured by the legal representative of the enterprise. Nevertheless, those excellent small and medium-sized enterprises with independent intellectual property rights can still try.
what are the types of SME loans
Generally speaking, SME loans can be divided into mortgage loans and mortgage loans.
as far as the present situation is concerned, the main sources of loan financing for ordinary SMEs are three aspects:
1. Characteristics of banks
: complicated loan procedures, high credit threshold, limited use of funds, long approval period and low interest. Suitable for small and medium-sized enterprises with good credit and a certain scale and long-term support.
Although many banks offer fast loan services, they still cannot meet the financing needs of ordinary SMEs. For example, the fast loan service for small and medium-sized enterprises launched by Industrial and Commercial Bank of China and Bank of Beijing still stipulates the use scope of funds, and the loan time is still relatively long.
II. Pawnshop
Features: The loan procedure is simple, there is almost no threshold, the scope of fund use is not limited, and the loan can be made on the same day at the earliest, and the loan method is flexible, but the interest is higher than the bank interest. Pawn mortgage loans are mainly in kind as collateral, paying attention to whether the pawned items are genuine or not.
suitable for ordinary small and medium-sized enterprises in the short term. For example, the SME loan services launched by Huaxia Pawnshop and Minsheng Pawnshop can be lent within 2-3 working days. It greatly facilitates the short and medium term of small and medium-sized enterprises.
Third, private lending
Features: In addition to the highest loan interest rate and relatively high risk, it is secured by credit. Other features are basically consistent with pawnshops. Such as huifu loan. The distinction here is mainly due to the fact that the first two financing methods are permitted by national laws, while many private loans are skirted by the law and need to be identified.
Extended information:
Business process
1. An enterprise applies for a working capital loan from a bank and provides relevant materials of the enterprise and the guarantor (if necessary).
2. Sign the loan contract and related guarantee contract. After the enterprise's loan application is approved by Shenzhen Development Bank, the bank and the enterprise need to sign all relevant legal documents
3. Implement the guarantee and improve the guarantee procedures according to the agreed conditions. According to the examination and approval conditions of the bank and the signed guarantee contract, if the enterprise is required to provide guarantee, it is necessary to further implement specific guarantee measures such as third-party guarantee, mortgage and pledge, and complete relevant guarantee procedures such as mortgage registration and pledge delivery (or registration). If notarization is required, it is also necessary to perform notarization procedures.
4. Issue loans. After all the formalities are completed, the bank will issue loans to the enterprise in time, and the enterprise can reasonably control the loan funds according to the pre-agreed loan purposes.