What is a Small Business Loan?

The standard for small enterprises is generally less than 500 employees or the annual sales of the enterprise is less than 10 million yuan; the processing of small enterprises is the standard of less than 300 employees or the annual sales of the enterprise is less than 30 million yuan or the total assets of the enterprise is 4,000 The standard for wholesale small enterprises in circulating small enterprises is that the number of employees is less than 100 or the annual sales of the enterprise is less than 30 million yuan; the standard of retail small enterprises is that the number of employees is less than 100 or the annual sales of the enterprise are 10 million The standard for small transportation enterprises is that the number of employees is less than 500 or the annual sales of the enterprise is less than 30 million yuan; the standard for small storage enterprises is that the number of employees is less than 100 or the annual sales of the enterprise is less than 10 million yuan. The above criteria for the number of employees or the annual sales (total corporate assets) can be regarded as small businesses as long as they meet one of the criteria.

Small business loan

The standard for small enterprises is generally less than 500 employees or the annual sales of the enterprise is less than 10 million yuan; processing small

1. In line with national industry and industry policies, not a small enterprise with high pollution and high energy consumption;

2. The company has a good reputation in various commercial banks and has no bad credit history;

3. A business license approved by the administrative department for industry and commerce and a business license that is qualified for annual inspections

1. Copy of the original and duplicate of the business license; company name, business address (province, city, county)

2. Organization code certification and copy;

3. A copy of the original and duplicate tax certificate;

4.

In addition to the more familiar banking channels, P2P

Small business of China Merchants Bank, an innovative business model established on June 18, 2008

Cost of notarization of information

In order to check the credit status of an enterprise, financial institutions often ask the enterprise to provide financial statements to understand the financial status and operating results of the enterprise. However, the overall credit level of Chinese society is worrying, so financial institutions will not fully rely on the unilateral materials issued by loan companies, and they will need to be verified by third-party institutions.

2. Bank confirmation cost

In addition to mortgage assessment fees, in order to ensure the security of assets such as mortgage inventory, machinery, equipment, and real estate, financial institutions often require borrowers to pay insurance fees, storage fees, registration fees, etc. The fees vary depending on the nature of the mortgage assets.

3. Dealing with intermediate business costs

Many bank credit managers make additional requirements when they apply for loans to SMEs.

4. PR costs

In China, a society of acquaintances, many small and medium-sized enterprises are unavoidable to entrust acquaintances and find relationships. Inviting gifts is indispensable.

5. Time and opportunity costs

Since most small and medium-sized enterprises have not borrowed money before, the time spent in finding financial institutions and negotiating will be very high. Even if they pass the layer-by-layer review before the financial institutions loan, they still have to spend a lot of time waiting. There is also a lot of time for the approval of the credit line and the lending of the credit approval process. Generally, it takes about 5 working days to apply for a mortgage loan, and it takes about 5 working days to approve the mortgage. It takes 1 month afterwards.