Resumption of work and production loan products

When will the resumption loan arrive?

Three days later. Resumption of work loan is a low-interest short-term financing service provided by our bank for enterprises resuming work and production using the special line of refinancing for small businesses of the People's Bank of China. The annual interest rate for small and micro enterprises does not exceed 4.55%. The loan will be received three days after the loan period. The loan is in compliance with the national industrial policy and the bank's credit policy. It engages in production and operation in compliance with laws and regulations. The borrower needs to have good credit status and no major bad debts. Credit record is required to apply.

What is Bank of China’s resumption of work loan?

"Resumption Loan" is a special personal business loan launched by the Bank of China during the epidemic to support individual industrial and commercial households and small and micro business owners in resuming work and production.

The above content is for your reference, please refer to actual business regulations.

Hainan will provide financial discounts on loans for small, medium and micro enterprises to resume work and production. What is the significance of this move?

This move will play a certain role in promoting the resumption of work and production of small, medium and micro enterprises and help social production return to its original state as soon as possible.

Hainan will provide financial discounts on loans for small, medium and micro enterprises to resume work and production

After a period of hard work, the epidemic in Hainan has finally been effectively controlled. After the epidemic is brought under control, how to fully restore normal production and life to society has become a top priority. In order to support small, medium and micro enterprises in overcoming the impact of the epidemic, Hainan has introduced relevant measures, and various departments have jointly formulated the "Hainan Province Implementation Rules for Loan Interest Discounts to Support the Resumption of Work and Production of Small, Medium and Micro Enterprises", which apply to Hainan's small, medium and micro enterprises and individual industrial and commercial households, in line with For standard enterprises and individual industrial and commercial households to implement loan business in banking institutions, the government will provide fiscal interest discounts according to the specific content of the details.

This news triggered a heated discussion on the Internet, and netizens praised the Hainan government one after another, believing that this policy can play a certain positive role in local economic development.

The significance of this policy

Promote small, medium and micro enterprises and individual businesses to resume normal operations and production

Under the impact of the epidemic, local small, medium and micro enterprises and individuals in Hainan Industrial and commercial households are facing great difficulties, and a certain amount of funds are needed to restore normal operations and production. This policy of the local government can effectively promote this process, allowing small, medium and micro enterprises and individual industrial and commercial households to resume normal operations and production as soon as possible with the help of loans.

Promote the normalization of local social life and production order

In the process of promoting the restoration of normal production and operation of small, medium and micro enterprises, residents’ employment problems can also be effectively improved and solved, and the entire social production and life Order will gradually and steadily be restored, and local economic development can be effectively restored, and may even enter a new stage.

Amid the recurring epidemic prevention and control situations, various regions are introducing various policies to try to promote economic development and reduce the impact of the epidemic as much as possible. However, it will take some time to verify whether various policies have specific effects, and there is a high probability that various regions will learn from each other.