"The production line is being tested. Once the product is released, the 30 million yuan bank loan will be in place immediately!" On May 6, at the new Huahao New Material factory in Hubei Yidu Chemical Park, the company’s chairman Lin Fu "stared" at the workshop day and night. , Both anxious and excited.
Was Huahao New Material's former factory located? Pavilion, moved into Yidu Chemical Industrial Park as a whole in 2019. The new factory area, large investment, and lack of funds soon became apparent. Lin Fuping approached the Yidu branch of Wuhan Rural Commercial Bank, hoping to raise 200 million yuan.
"Huahao didn't have much dealings with banks in the early stage, the related loan procedures were not perfect, and the application amount was large, it was very difficult to get approval." said Pan Fen, head of the Yidu branch of Wuhan Rural Commercial Bank.
In order to help enterprises tide over the difficulties, Wuhan Rural Commercial Bank Yidu Sub-branch conducted a one-year'credit cultivation' for Huahao to help enterprises improve related loan procedures, and adopted the method of granting credit according to the progress of production, and successfully helped enterprises handle the first Approve loans. The second and third batches will continue to be carried out according to the needs of the company.
“I’m really guiding and ‘compensating’ chemical knowledge at the same time. We don’t want to be a ‘layman’ in serving the enterprise.” During the exchange, Pan Fen became familiar with new customers’ products, raw materials and market prospects.
Yidu Youyuan Industry is similar to Huahao New Materials. At first, the company planned to build a factory on all 230 acres of land in the park, and applied for a 300 million yuan loan, but it was not approved. Hubei Bank Yidu Branch "prescribes the right medicine": assign a special person to help companies improve the financial system, and recommend companies to reduce the scale of investment and reduce the amount of loans. Soon, 70 million yuan of credit was approved and it will be in place in June this year.
Service must always be problem-oriented. Youyuan Industry is a private enterprise. The financial management system in the early stage is not very standardized. In the process of financing approval, many "unjustified roads" have to be taken, which may not meet the requirements of the financial sector, resulting in slow financing and difficulty in financing.
"Thanks to the account manager Gong Dingdong for us to develop and introduce a new financial management system, so that we can speed up the financing of the bank, and the preparation of materials can be achieved in one step." When it comes to serving enterprises, Li Kongfu, Chairman of Youyuan Industrial, is very considerate to Hubei Bank. Full of praise.
For companies like Huahao and Youyuan, which have good market prospects, good reputation, but have financing "missing items", Yidu innovatively puts forward the concept of "credit cultivation": make a list of credit counseling for the company and hand it over to functional departments and banks, item by item Provide counseling and provide financing after the enterprise meets the credit financing conditions.
After selection, the first batch of 30 companies entered the database. On March 16, 11 banks in Yidu signed credit agreements with 11 companies to implement key cultivation of credit. The Yidu branch of the People's Bank of China will establish a joint negotiation mechanism with the city’s development and reform, finance, taxation, courts, agriculture and rural areas, and relevant functional departments will immediately intervene to help solve the problem in which part of the corporate financing is "stuck".
Bank, government and enterprise cooperation to solve financing difficulties is not just a subtraction. Yidu Yulu Tea only applied for a loan of 500,000 yuan in the early stage. After inspection, the Yidu branch of China Construction Bank found that the company is growing rapidly and it is a beneficial agricultural industry, so it increased the credit to 2 million yuan.
Letting "financial nectar" benefit more high-quality enterprises is an important manifestation of Yidu's further optimization of the business environment. Li Hongyan, president of the Yidu branch of the People's Bank of China, introduced that since the start of the "credit cultivation", 11 banks in the city have issued 31.98 million yuan and plan to approve and issue 101 million yuan. In the future, more companies will enter the "credit cultivation" list, which will truly allow the financial running water to help Yidu's high-quality development.