What financing model is Shandong exploring to help the development of small and micro enterprises?

Many financial institutions in Shandong have explored the "Internet" financial service model and provided financing products through multiple channels based on the differentiated financial needs of small and micro enterprises in the province. At present, the entire financing process for small and micro enterprises in the province can be operated online, and it only takes a few dozen seconds to achieve "loans on demand".

It is reported that under the leadership of the Shandong Provincial Government, the provincial government service network has set up a business port for collecting corporate financing needs to break through the bottleneck of internal and external network connectivity between banks and enterprises and achieve online docking. Enterprises can publish their financing needs with one click without leaving home, and more than 15,000 banking branches in the province can view them online and make independent connections.

“Traditional bank loans have high thresholds, complex procedures, and slow approvals. In addition, the company lacks mortgageable land and real estate, making it difficult to obtain guarantees from large and medium-sized enterprises, and the liquidity pressure is great.” Nanjing Chuangruifeng System The person in charge of Integration Co., Ltd. said that benefiting from the "data online loan" business, the company has accumulated 278 loans from the Shandong Branch of the Agricultural Bank of China, totaling 54.34 million yuan, accounting for more than 50% of the total financing amount.

Staff from a bank in South China. (File photo) Photo by Yang Fei

With the in-depth implementation of the rural revitalization strategy, the agricultural vehicle market has gradually prospered. However, factors such as large amount of inventory funds, slow return of funds, and high operation of the capital chain have restricted the small and micro enterprises in the industry. Business development. "Although our company has a good order record with Wuzheng Group, with a cumulative capital flow account of nearly 100 million yuan, it is difficult to include this kind of credit record in scoring in traditional bank loans." Shao, the person in charge of Changtong Agricultural Machinery Co., Ltd. in Xianyang, Shaanxi Province Lihua said that she is a dealer of Shandong Rizhao Wuzheng Group and has been troubled by financing difficulties for a long time.

With the assistance of the Agricultural Bank of China Rizhao Branch, Rizhao Wuzheng Group launched the "data online loan" loan business. "It took less than five minutes to apply for the first time, and I received a loan of 688,000 yuan. The interest rate is nearly 10% lower than ordinary small and medium-sized enterprise loans." Shao Lihua believes that the "Internet" financial service model also helps core enterprises stabilize the supply chain and strengthens the relationship with upstream and downstream companies. Connections between businesses.

China Construction Eighth Engineering Group No. 2 Company has more than 300 upstream suppliers, of which more than 70 have financing needs. The sales department of the Jinan Branch of the Agricultural Bank of China innovated and optimized its products, using a reverse factoring model to meet the financing needs of upstream suppliers, and became the first reverse factoring business of the "data network loan" of the Agricultural Bank of China in the country.

Source: ifeng.com