General

Since the beginning of this year, affected by factors such as rising raw material prices, rising freight costs, and slowing growth in foreign trade orders, many small and micro foreign trade enterprises have faced the problem of funding gaps. In order to effectively stimulate the vitality of foreign trade small and micro enterprises as a market entity and help enterprises stabilize orders and production, Bank of Communications recently launched a "foreign trade loan" product exclusively for small and micro foreign trade enterprises in Shanghai to precisely facilitate corporate financing and help enterprises resume work and production. Troubleshoot.

It is understood that "Foreign Trade Loan" is a full-credit financing product. It makes full use of blockchain, big data and other technologies to shorten the application process and reduce the application materials. The entire process from application, signing to withdrawal is online, and it has the advantages of fast application. , convenient withdrawal, loan and repayment, no mortgage and other features. As long as the foreign trade-oriented small and micro enterprises have stable orders, normal business operations, and good performance of trade contracts, they can apply for a pure credit working capital loan of up to 3 million yuan for up to one year.

Shanghai Yuemo Chemical Technology Co., Ltd. is a small and micro foreign trade enterprise engaged in the import and export of related goods and technologies in the field of chemical technology. "During the epidemic, the company's cash flow was under great pressure and its capital needs were more urgent. Because of the lack of collateral, it was difficult for us to apply for the bank's traditional credit products." Mr. Xin, the person in charge of the company, said, "The Bank of Communications 'Foreign Trade Loan' product application Convenience, quick approval, and payment is received in almost a second, which really solves our urgent needs during the critical period of resumption of work and production." With the 2 million yuan credit loan from Bank of Communications, the company's "strength" in capturing orders and expanding the market has increased. strong.

The relevant person in charge of the cross-border finance special class of Bank of Communications said that next, Bank of Communications will continue to inject financial "living water" into the real economy, protect enterprises, stabilize foreign trade, improve the quality and efficiency of financial services, and help stabilize the overall economic market.