How to apply for a subsidized loan:
The general process of applying for a loan for an individual who meets the conditions for a micro-guaranteed loan consists of four steps, namely, voluntary application, examination and recommendation, commitment to guarantee, and disbursement of the loan.
1. Voluntary application. Eligible applicants, to the household or business location of the grass-roots employment platform (some can be directly to the local human resources and social security departments or microcredit guarantee institutions) to submit a written application, and submit relevant information, documents or relevant certificates.
2. Examination and recommendation. The human resources and social security departments to carry out qualification examination, the examination of qualified recommended to the microcredit guarantee institutions. Guarantee institutions are those entrusted with the operation of the microcredit guarantee fund in accordance with the relevant provisions.
3. Commitment guarantee. Guarantee institutions in accordance with the relevant provisions of the project review of the applicant, qualified for the commitment guarantee procedures.
4. Loan issuance. Guarantee institutions committed to guarantee the borrower applicant, the bank in accordance with the relevant provisions of the approval after the signing of the contract, the issuance of loans. The bank refers to financial institutions of all levels and types that have signed a cooperation agreement with the microcredit guarantee institution to carry out the business of micro-guaranteed loans.
Chinese enterprises applying for intergovernmental subsidized interest rate preferential loans must have the following basic conditions:
1. The country where the project is located has signed a framework agreement on intergovernmental subsidized interest rate preferential loans with China, and the enterprise, at the beginning of exploring the project or in the process of project operation, must promptly find out from the Department of Foreign Aid of the Ministry of Commerce of the People's Republic of China whether the project operated is in line with the direction of the use of preferential loans;
2. Direction;
2. The political situation of the country where the project is located is relatively stable, and the economic construction is in relatively good condition;
3. The project is in line with the relevant policies of the Chinese government and the host government, and has been agreed by the host government;
4. The borrower and guarantor are of good credit standing, with repayment and repayment ability; the investment project selected is productive, with abundant local resources and products having a broad market, and the project's economic performance has been improved by the use of concessional loans. products have a broad market, the project economic benefits are good, and can promote the host country's economic development;
5, the selected investment projects are infrastructure or equipment introduction, the host country government needs to have a good reputation and ability to repay the debt;
6, the project application, the implementation unit has strong economic and technical strength and international business management capabilities;
7, the project borrowing and lending amount Generally not less than 1 million U.S. dollars, the equipment, technology and services required by the project should be purchased or introduced from China to the maximum extent possible; the supporting funds, equipment and other conditions of the project are implemented.
The application procedure is as follows:
(1) For projects meeting the above conditions, enterprises may apply to the Department of Foreign Aid of the Ministry of Commerce and submit relevant information. After the Ministry of Commerce passes the preliminary examination, it will recommend to the Export-Import Bank of China.
(2) After receiving the official recommendation letter from the Ministry of Commerce, the Export-Import Bank of China will start to assess the feasibility of the project, but the materials that need to be provided by the enterprise are the formal loan application; project feasibility report; proof of eligibility of the enterprise applying for the loan (including enterprise profile, business license, articles of association, etc.); audited and qualified financial statements of the enterprise for the past three years; the situation of the guarantor and the financial statements for the past three years Business contract with the African partner (if it is a joint venture project, it should provide the joint venture contract and articles of association, the creditworthiness of the other partner, etc.); valid written documents of the African government approving or supporting the project; other relevant documents required by China Exim Bank. After evaluation, China Exim Bank considers the project feasible and will negotiate a loan agreement with the borrower and sign a guarantee contract with the guarantor.