Zhejiang Warm Spring Action To Solve SME Loan Difficulties

At the beginning of the new year, in order to further solve the problem of overall shortage of funds for SMEs, Zhejiang province launched a comprehensive "warm spring" action to help SMEs in the province's credit guarantee institutions to improve the intensity of loan guarantees, help SMEs to get out of difficulties as soon as possible, promote pformation and upgrading of SMEs, and maintain steady and rapid development.

There are 86.9 industrial SMEs in Zhejiang Province, accounting for 99% of the total number of industrial enterprises in the province, 14 million 123 thousand of the employed workers, accounting for 95.4%, and the total output value and taxes accounted for 88.5% and 89.5% of the total industrial enterprises respectively.

Small and medium-sized enterprises with large quantity and wide range play an important role in stabilizing and promoting social and economic development.

However, the structural contradictions between the "big and small businesses" and the "long take short" structure of some commercial banks' loans, to a certain extent, caused the "big enterprises" to add icing on the cake to the "surplus and small businesses".

In 2008, in order to solve the financing difficulties, the total guarantee amount of 310 SME credit guarantee institutions in the Province amounted to 145 billion 500 million yuan, and the guarantee institutions, guarantee scale and risk control level were in the forefront of the whole country.

The SME financing platform has already raised 560 million yuan for 358 small businesses.

At the beginning of the new year, the "warm spring action" implemented in Zhejiang province will further accelerate the expansion of the financing platform, absorb the high quality guarantee institutions to join the financing platform, and continue to innovate the guarantee service.

It is understood that Zhejiang requires small and medium enterprises credit guarantee institutions to strictly determine and appropriately reduce the loan guarantee fees according to the relevant provisions of the state.

For small and medium-sized enterprises with market, credit, development prospects, and temporary difficulties due to capital problems, we should appropriately reduce the standard of premium collection, especially guarantee agencies that receive financial assistance from central and local governments.

For enterprises that have difficulties in repayment, they should appropriately reduce the standard of premium collection, strengthen communication and coordination with banks, strive for proper extension, or pfer short-term loans to medium-term loans so as to achieve loan renewal.

All types of policy, commercial and mutual guarantee institutions should promptly understand the financial requirements of small and medium-sized enterprises, especially small and medium-sized enterprises with difficulties in operation, and help small and medium-sized enterprises to plan and implement plans for mortgage loans and secured loans, and strive for bank support.

At the same time, we also call on the guarantee enterprises to tailor the enterprises according to the specific circumstances of the enterprises, tailor them, design flexible and diversified, and integrate the package of counter guarantee measures, and combine the repayment ability of the enterprises to determine the credit ratio, so as to achieve the financing obstacles that both disperse risks and overcome the shortage of collateral.

A guarantee institution with a registered capital of more than 30 million yuan is allowed to provide short-term financial support to insurance companies within the range of interest rates prescribed by the judicial department.

The guarantee institutions in the province will further strengthen information communication, and actively analyze, through regular financial audit, credit rating and market information collection and evaluation, periodic analysis of industry risks, industrial chain risks and risks of insured enterprises, so as to prevent and defuse the risk of guarantee.

Yang Jing: editor in charge