Small, medium and micro enterprises receive discount subsidy on first loans
To reduce the financing costs of small, medium and micro enterprises in Beijing, implementation rules for first loan discounts
Small, medium and micro enterprises receive discount subsidy on first loans
To reduce the financing costs of small, medium and micro enterprises in Beijing, implementation rules for first loan discounts and guarantee fee subsidies for small and medium-sized enterprises have been formulated
The rules are applicable to the first loan that Beijing-based small, medium and micro enterprises handle at the loan service center.
The loan businesses applicable to the rules should be thosethat signed contracts with banks in 2021, withloans released after Jan 1, 2022; and loan businesses in which companies sign contracts with banks after Jan 1, 2022 and loan money. The amount of a single loan shall not exceed 20 million yuan ($2.95 million).
Discounts are given according to 20 percent of the interest that the enterprise obtains on the loan. The discount period shall not exceed one year, and interest paid during the overdue or extension period will not be discounted.
In accordance with the principle of paying first and subsidizing and disbursing on a quarterly basis, discount funds will be given to enterprises according to actual interest paid each quarter.
Furthermore, for small and medium-sized enterprises in industries such as catering, retail, tourism, civil aviation, road and rail transportation recognized by industry authorities, "first-time loan" businesses registered at the loan service center between Jan 1 and Dec 31, 2022 will be given a discount rate of 40 percent.
and guarantee fee subsidies for small and medium-sized enterprises have been formulated
The rules are applicable to the first loan thatBeijing-basedsmall, medium and micro enterprises handle at the loan service center.
The loan businesses applicable to the rules should be thosethat signed contracts with banks in 2021, withloans released after Jan 1, 2022; and loan businesses in which companies sign contracts with banks after Jan 1, 2022 and loan money. The amount of a single loan shall not exceed 20 million yuan ($2.95 million).
Discounts are given according to 20 percent of the interest that the enterprise obtains on the loan. The discount period shall not exceed one year, and interest paid during the overdue or extension period will not be discounted.
In accordance with the principle of paying first and subsidizing and disbursing on a quarterly basis, discount funds will be given to enterprises according to actual interest paid each quarter.
Furthermore, for small and medium-sized enterprises in industries such as catering, retail, tourism, civil aviation, road and rail transportation recognized by industry authorities, "first-time loan" businesses registered at the loan service center between Jan 1 and Dec 31, 2022 will be given a discount rate of 40 percent.
