Government, banks help micro and small firms tide over financing difficulties

2018年01月08日 13:57:45 | 来源:江苏国际频道

字号变大| 字号变小


  Government at all levels in Jiangsu joined hands last year with financial institutions to help micro and small enterprises tide over financing difficulties for the high quality development of the brick and mortar economy.

  Jiaoyang Mechanics is a small firm in Yancheng, a city in the north of Jiangsu. The company has kept its machines working in full gear to fulfill $8 million worth of orders.

  The firm is engaged in the manufacturing of new type of generating units and climbing work platforms with its sales volume expected to hit 250 million yuan within this year.

  Ni Haijun, head of the company, could still remember the dilemma he got caught in just one year ago when he was on the brink of bankruptcy and was ready to lay off his workers and sell off his equipment to pull through the hard times.

   Saff with the Agricultural Bank of China local branch volunteered to visit the workshop and after a careful investigation issued him a loan of 2.5 million yuan.

  Three months later, the bank issued him a second loan to add up to a total of 7.5 million yuan, pulling the company back from the crisis.

  Jiaoyang Mechanics is in good company as the financial departments and banks in Jiangsu have joined hands to launch a micro loan program targeting micro and small firms caught in the difficulty of financing.

  One year later, the micro loan program has issued 4.7 billion yuan of loan in total, benefiting more than 1000 micro and small enterprises across the province.

  Another micro loan program has been launched to target micro and small hi-tech firms with the number of loans issued adding up to 9280, benefiting more than 4500 firms.

  A third micro loan has accumulated 2 billion yuan in the form of venture capital pool to help local banks grant 20 billion yuan each year to micro and small firms across the province.

  The combination of financial policies and micro and small loans has played an important role in the promotion of the brick and mortar economy in Jiangsu.

layer
快乐分享