Small (MSE) Business Express

 

—— Flexible and convenient

              Widely applicable and low cost

              Flexible withdrawal and easy financing

Introduction

Small (MSE) Business Express is the Bank's leading brand of micro and small-sized enterprise financing, and offers business loans, bank acceptances, discounting and L/C services to micro and small-sized enterprises.

 

Basic requirements

The customer meets the state's classification standard for micro and small-sized enterprises

The customer is registered at industrial and commercial administrations and has passed annual inspections, and has fixed business premises

The customer has been operating for two years or more or its substantial shareholders or de facto controllers and managers have the operation experience for three consecutive years or more

The customer has a valid loan card issued by the PBOC and does not have a bad credit record

The de facto controllers and the major managers have good credit records and do not have bad social records or bad habits

The customer's funding needs are based on a real business background

 

Sub-products

MSE mortgage (pledged) loan is an RMB credit service provided for micro and small-sized enterprises to support their daily funding needs, which is secured by readily cashable residential property, commercial property and standard industrial property with clear ownership and relatively stable market prices.

MSE guaranteed loan is an RMB credit service provided for micro and small-sized enterprises to support their daily funding needs, which is secured by other corporate entities and financing guarantee companies.

MSE business circle loan is an RMB credit service provided for micro and small-sized enterprises to support their daily funding needs, which is secured by the development zone, industrial park and wholesale market where the borrower is located.

MSE joint guaranteed loan is an RMB credit service provided for micro and small-sized enterprises to support their daily funding needs, which is secured by a joint guarantor composed of three or more enterprises on a voluntary basis.

MSE unsecured loan is an RMB credit service provided for micro and small-sized enterprises to support their daily funding needs, which is secured by eligible natural persons.

MSE combined loan is an RMB credit service provided for micro and small-sized enterprises, which is secured by “housing property + warranty or credit guarantee”. The maximum amount of the loan is 150% of the value of the collaterals.

MSE government procurement loan is a short-term financing service provided for micro and small-sized enterprises that win the bid of government procurement to finance their preparation, production and processing of goods under the contract, which is secured by fiscal funds as the primary repayment source.

 

Product elements

Credit limit: Credit limit is determined according to the borrower's asset size, the reasonable scope of the funds necessary for its production and operation, cash flow, the borrower's solvency and the forms of guarantee

Period: The period is determined according to the borrower's purpose and solvency. It is generally one year (inclusive) and the maximum period of SME mortgage (pledged) loan is three years (inclusive)

Purpose: The loan is used to support the borrower's daily funding needs, and the purpose shall comply with the loan agreement and regulatory requirements. SME mortgage (pledged) loan can also be used for the purchase of fixed assets

Repayment: As for the loan due within one year (inclusive), the customer can repay the principal on a lump-sum basis when it is due with interest paid on a monthly or quarterly basis. The customer can also choose between straight line repayment and reducing balance method on a monthly basis. The loan due in more than one year shall be repaid monthly on the basis of straight line repayment or reducing balance method.