Financial Assistance to Stabilize International Trade

    The Bank of China's "Foreign Trade Loan" special service for small and medium-sized import and export enterprises.

    To better serve the vast number of foreign trade enterprises, support foreign trade enterprises to overcome the impact of the epidemic, innovate and develop, and help the high-quality economic development of our province, the Bank of China Shandong Branch has launched a series of credit services for foreign trade enterprises. The specific plans are as follows:

Service object

    With more than 2 years (inclusive) of import and export history, and the customs export value for two consecutive years is more than 1 million US dollars; focus on supporting the Ministry of Industry and Information Technology, local industry and information departments or small and medium-sized enterprises to be included in the list of "Little Giant", "Specialized, Specialized and New" and other enterprises and Technology storage enterprises, high-tech enterprises, and enterprises included in the "white list" of foreign trade announced by the Ministry of Commerce.

Handling conditions

    The company and its legal representative/major shareholder/actual controller have a good credit record. Customs enterprises are certified as non-"untrustworthy enterprises" with good records and no negative illegal activities such as smuggling. The enterprise meets the classification standards of the Ministry of Industry and Information Technology for small and micro-enterprises.

Types of credit

    The credit types are mainly working capital loans, taking into account trade financing products such as order financing and factoring, bank acceptance bills, and fixed asset loans. Among them, if there is a strong willingness to hedge the exchange rate of the enterprise but the liquidity is tight, part of the credit line can be approved according to the actual situation of the enterprise, which can be used for exchange rates hedging business such as forward foreign exchange settlement and sales.

Loan term 

    Working capital loans are generally one year, with a maximum of three years, fixed asset loans are generally a maximum of 10 years, and trade financing products are generally no more than one year. Repayment methods include monthly or quarterly interest payments, principal repayment at maturity, etc.

Lending rates

    The one-year short-term working capital loan generally does not exceed 3.75%, the three-year loan generally does not exceed 4%, and the fixed asset loan generally does not exceed 5%.

Safety precautions 

    The Inclusive Finance Division of Shandong Bank of China has set up a green approval channel, and the approval will be completed within a maximum of 3 working days.