Under this policy, government, bank and enterprises will jointly undertake the risk of loan and enterprises in line with the policy orientation will gain fund support. Through careful investigation, the Management Committee of the development zone has screened out enterprises with market, development potential, repayment ability and excellent credit rating.

 

And the management committee takes the lead in providing 5 million yuan as the risk compensation of the loan fund pool, and makes loans according to the risk compensation fund, which is enlarged by 5-10 times, so as to ensure that enterprises are willing to lend, get the loan and use it well.

 

At the same time, the development zone has established an information sharing mechanism and a supervision mechanism to enhance the integrity awareness of enterprises, solve the shortage of funds at the initial stage of start-ups, and enable enterprises to grow rapidly with the help of long-term, healthy and recyclable loans.

 

Among the first four enterprises which obtained the loan, Hunan Tongxin Baby Products Co., Ltd. obtained a full loan of 5 million yuan in November after providing shareholder guarantee and partial mortgage and pledge. The company is a modern infant products manufacturer which integrates product research, development, production, processing and sales. 

 

Linwu Industrial Development Zone will continue to emancipate the mind, improve service quality and work efficiency, strengthen business training, further strengthen the supervision of service enterprises, implement a strict reward and punishment mechanism, give full play to the initiatives of cadres so as to promote the high-quality development of Linwu.