Wenzhou Financial Services Platform To Better Serve The Upper And Lower Reaches Of Footwear Industry

Recently, a new financial intermediary, "Wenzhou SME financing service center", has been relieved of the "financing difficulty" and "financing expensive" of SMEs. This is another important financial innovation service platform created by Lucheng District of Wenzhou after the private lending registration service center.

Wenzhou SME financing service center is dominated by the government. Wenzhou hundred Yi Yi Agel Ecommerce Ltd is the main body of the enterprise and operates in a market-oriented mode. Its financing function is different from the traditional real estate mortgage loan. It provides movable property pledge financing services for small and medium-sized enterprises. It mainly involves cargo rights pledge, accounts receivable pledge, core enterprises and upstream and downstream suppliers "bundling credit" financing.

One family Shoemaking The upstream and downstream businesses of the core enterprises are connected with more than 100 cooperative small and micro enterprises, such as "1+N". Some of the small and micro enterprises of N are lack of real estate collateral, some are asymmetric with banks, and some can not find financing ways and means. Wenzhou SME financing service center exerts its own business function advantages, conducts credit and assets review on core enterprises and cooperative small and micro enterprises with capital needs, and provides credit investigation materials to banks, prompting banks to grant credit lines of 40 million to 50 million yuan to core enterprises. In the future, with the promise and guarantee of the core enterprises, the cooperative enterprises will get several hundred thousand yuan of loans easily and conveniently.

According to the experts, the financing service mode provided by Wenzhou SME financing service center for small and medium-sized enterprises has solved the problem of small and medium enterprises' low credit level or lack of fixed assets as collateral for application for loans. It has also revitalized the stock capital of enterprises and reduced the financing cost of enterprises. This has a good exemplary significance to solve the problem of "difficult loans" and "financing expensive" for SMEs.