What is a small and micro loan?

1. What is a small and micro loan

Literally understood, small and micro credit has the characteristics of small amount and short time, specifically the credit business of small and micro enterprises. Because the credit needs of small and micro enterprises have the characteristics of "short-term, small, frequent, and urgent", and their small-amount, short-term, and dispersed characteristics are more similar to retail loans, they have high requirements for capital liquidity. According to the analysis of the current situation, some joint-stock commercial banks have launched small and micro credit business, but the banks' review is too strict, resulting in a situation where there are many applicants and very few businesses are completed. Compared with banks, new Internet financial institutions are more flexible and convenient. Internet financial institutions focusing on P2P, etc. have certain advantages in carrying out microfinance. Taking advantage of their more flexible and convenient advantages, they are increasingly favored by small and medium-sized enterprises. Businesses and individuals are welcome.

Compared with large-amount loan business, small and micro enterprise loan business is much lower, but its characteristics and advantages are also obvious. The first is that small and micro enterprise loan fees are low. Compared with other financing tools, bank loans are lower-cost. The interest rate of bank loans depends on the specific situation. Generally speaking, the interest rate of enterprise loans is higher than the preferential interest rate of small business loans; the interest rate of enterprise loans with low credit rating is It may be higher than the loan interest rate for enterprises with high credit ratings; the interest rate for medium and long-term loans is higher than the interest rate for short-term borrowings, etc. Taken together, bank loan interest rates still have a comparative advantage, but bank procedures are more cumbersome; secondly, the source of funds is stable. Both banks and Internet financial institutions such as P2P have sufficient funds to support them. Therefore, as long as the loan application of a small business passes the review of the bank or Internet financial institution, the loan contract can be signed. Of course, the loan requirements must be met. After completing the above steps, you can get the loan.

It should be noted that due to different conditions of lending institutions, the loan fees charged will also be different. Therefore, small and micro enterprises need to consider their own circumstances and make reasonable choices to reduce costs to lowest.

2. Small and micro enterprise loan index

You can do corporate credit loans: you need a business license of more than 3 years, local real estate, and annual turnover of more than 1.2 million, so you can borrow up to 30 Ten thousand.

Enterprise mortgage loans can be made: real estate under the name of a legal person can be used as a mortgage loan, and the maximum loan can be 140% of the total value of the property, and the business license has been more than one year.

Personal mortgage loans can be made : A private property under an individual’s name can be used as a mortgage loan, and the maximum loan can be 70% of the total value of the property

3. Postal Savings Bank’s advertising slogan for small business loans

Drive small businesses to Earn a big future