Urban credit cooperatives liquidity loans

Liquidity refers to urban credit cooperatives loans to borrowers for the payment of normal production and management turnover or temporary financial needs of the loan.

In accordance with the purposes of liquidity loans generally fall into temporary loans and revolving loans in accordance with the period of generally divided into: temporary loans, short-term loans, medium-term loans.

(1) temporary loans

Temporary loan period is three months (with three) within the liquidity loans, mainly for one-time purchase of temporary business needs and make up for insufficient funds to pay other seasonal;

(2) short-term loans

Short-term loans refers to a period of three months to one year (not including the three, with 1) the liquidity loans, mainly for normal production and operation of enterprises working capital needs;

(3) medium-term loan

Medium-term loan refers to a period of one year to three years (excluding one year, with three years) the liquidity loans, mainly for normal production and operation of enterprises in the regular flow of occupation and Pudi liquidity loans.

Customers bid conditions:

Approved by the state authorities the right to legal persons registered enterprises, individual industrial and commercial households and other economic organizations, in the normal course of business for consumption or sale and storage of all types of inventory, such as seasonal material reserves to maintain production and management in funds and working capital needs Shortage situation, liquidity to banks for loans. Borrowers liquidity to banks for loans in addition must meet the "loans General Clauses" and bank loans, the eligibility conditions, they also need to have the following conditions:

1, held by the State Administration for Industry and Commerce and the city (or authorities) and approved the inspection of corporate business license (or legal documents).

2, the implementation of independent accounting, self-financing, the financial system sound and complete account table, the number accurately, on time to submit financial statements and related business information.

3, a certain own liquidity. General shall not be less than current assets and liabilities. Foreign equity investment in line with state regulations.

4, in the city have a fixed place of production and operation, with production and operational conditions, the normal production and operation of legitimate, profitable. And production and business activities in line with state industrial policies and credit policies of my clubs.

5, in the urban credit cooperatives have been established for clearing accounts or general billing accounts, funds from normal,

Compliance with the settlement discipline.

6, in its urban credit cooperatives and credit records of good will, no breach of contract, to arranging financing to pay the principal and interest.

7, to provide a legal personality, confirmed its assets sufficient compensatory the guarantor of the principal and interest of the borrower, or to provide the Bank with the conditions of collateral (quality) of.

Use

Mainly used for working capital loans to meet the borrower normal course of business for consumption or sale and storage of all types of inventory, seasonal goods such as production and operation of working capital reserves or temporary financial needs. Of course, the borrower may not be misappropriated for working capital loans or other fixed asset investment loans do not meet liquidity for the activities.

Loan rates

In accordance with the relevant banks and urban credit cooperatives lending rate management regulations.

Loan Process

1, applications

Customers to bank loans for working capital, should provide the relevant information are: the business license of corporate code certificate; legal representative of proof of identity; loans Zhengka; by the financial departments or accounting (audit) firms approved by the first three Last month, and annual financial statements and the audit report (less than three years to set up businesses, since its inception to the year and the recent statements); tax department seized a qualified tax registration certificate, a contract or statute; corporate board of directors (shareholders) Members and the principal responsible persons in charge of Finance and the list of signature samples; authorized by the credit business for the client, to provide corporate legal representative authorized power of attorney (original); if, for a limited liability company, Ltd., a joint venture cooperation Management of the company or contractor, requested the Board of Trustees (shareholders) or contract for the consent of the credit business, documents or have the same legal effect, documents or proof; guarantor related materials; urban credit cooperatives to provide the requested additional information.

2, signed a contract.

Such as banks to carry out investigation and approval that feasible, customers will be signed loan contracts with banks and guarantee contracts and other legal documents. Such as banks that not feasible, they should promptly inform customers clearly.

3, the implementation of security

Customers signed loan contracts, the need to further implement the third-party guarantee, mortgage, pledge, and other guarantees. And the security for the registration, notarization or collateral insurance, quality of deposit of banks and other procedures.

4, access to loans

Customer loans completed before the relevant formalities, the loan contract that is in force, banks may grant loans to borrowers, borrowers in accordance with the terms of the contract customers can use unspent loans.

5, repayment

In accordance with the actual period of the loan is about to expire, the borrower should be to raise funds to customers on time and the return of bank borrowings.