Taicang Financing Difficulty 46 Home Textile Enterprise Cluster Financing Guarantee Loan

In March 9th, Suzhou Jinkai Textile Co., Ltd., the chairman of Chen Jinle, said that thanks to the "mutual guarantee".

Like "Kam Kai", it has benefited from the mutual aid guarantee company, and there are 46 in Huangjing Town, Taicang.

At present, there are more than 1200 enterprises in the town's chemical fiber and bomb industry, with an annual output of more than 100 tons of polyester and spandex, accounting for about 20% of the national total, accounting for about 10% of the world's total output.

In those days, the combined enterprises secured mutual guarantee loans of 124 million yuan, and Cheng Company limited by guarantee immediately increased the registered capital to 62 million yuan.

At present, there are three mutual aid Guarantee Corporation under the cluster financing guarantee mechanism.

The total registered capital is 96 million 800 thousand yuan, which can provide a loan guarantee of nearly 500 million yuan for small and medium-sized enterprises.

This new form of guarantee not only simplifies the general formalities for the financing of member enterprises to the banks, improves the speed of financing, but also increases the amount of financing.

The financial cost of member enterprises will also decrease, and financing can be waived from fees such as handling fees and guarantee fees.

With more capital, when the price of POY silk bottomed out in the international market, a large number of local enterprises purchased raw materials on a large scale, reduced the cost and widened the profit margins.

Last year, 40 companies added to statistics added value, sales and profits increased by 34%, 36% and 143% respectively.

According to statistics, Taicang agricultural and Commercial Bank Huang Jing sub branch loans increased substantially last year, which accounted for 12.83% of the 26 branches of the bank.