Overview
The Simple and Quick Loan for Small Business is a loan product provided to small enterprises with a single gross credit limit of within RMB2 million (included) without independent credit rating and uniform credit extension on the precondition of carrying out full-amount and effective mortgage (pledge) guarantee. The credit extension and loan business are handled directly according to the requirements under the mortgage (pledge) and the equivalent credit line will be reduced after the loan terms are completed.
Features
Mainly to meet seasonal or temporary working capital needs of small enterprises.
Procedures
1. The customer submit the application and related materials;
Customers shall submit to ABC a written application and the following materials when handling Simple and Quick Loan for Small Business:
• Annually reviewed business license, organization code certificate, tax registration certificate, and loan card; for special sectors or industries, related administrative permit, environmental permit, approval and/or registration certificate should also be required;
• Articles of association and capital verification report of corporations, or partnership agreement and capital contribution agreement of partnerships;
• If the articles of association of corporations set out restrictive clauses on borrowings, the board of directors' (or the meeting of shareholders') written consent to borrowing is required; if the partnership agreement sets out restrictive clauses on borrowings, all partners' written consent to borrowing is required;
• Identity certificate of the legal representative (or enterprise principal), copies of ID cards of individual shareholders or partners, and specimen seal or signature of enterprise and its legal representative (or enterprise principal);
• Annual financial statements for the past two years, recent financial statements, and utilities bills for the past six months or valid certificates of their payments (not required for new enterprise) of the enterprise;
• Collateral documents. Full collaboration is required. Acceptable collateral are limited to real estate, certificates of deposit, Treasury Bonds, and bank instruments; Other materials required by ABC.
2. After the investigation and examination, ABC approves the application;
3. If the application is approved, ABC enters into the contract and loan certificate with the customer, and completes mortgage or pledge registration, pledged securities delivery, and payment suspension procedures;
4. ABC extends loans.
Application Channels
All ABC offices and departments at each level can handle the business.
Customer Service Center : 95599
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