In order to improve the development of small and medium-sized enterprises and provide more onlending loans for them, Chenzhou Government issued “Interim measures of onlending working capitals for small and medium-sized enterprises” (short for “the measures”) recently.

According to “the measures”, all the legal registered enterprises of Chenzhou city which meet national industrial policies, are being operated well, meeting the conditions of loaning and repaying without bad credit record, and are qualified with the renewal of banks are capable to apply for the onlending loans. The preliminary loans are 60million yuan. Single loans are limited to 70% of the total qualified amount of renewal, no more than 10million yuan principally. Concerned for the fees, if less than 10 working days, it follows the same level of one-year benchmark lending rate of People’s Bank of China; if over than 10 working days, it will be charged 2 times of the level for the extra time, particularly speaking, it should be no longer than 15 working days.

The office for the working team of onlending working capitals for small and medium-sized enterprises was set up in Chenzhou Economy and Information Commission, which is in charge of the coordination and management of the capitals. The enterprises which need such help can consult with the Small and Medium-sized Enterprises Department of Chenzhou Economy and Information Commission.