Working capital of $45.61m approved for Harbin companies
Updated : 2020-07-09
By ( e.my399.com )
They said that due to the outbreak of the novel coronavirus worldwide, some businesses in Harbin encountered short-term difficulties such as the suspension of operations, a sharp decline in orders, labor shortages and pressures on cash flow.
In response to the current situation of slowing down payments, tight capital liquidity and difficulties in repaying loans, the Harbin Guarantee Center launched a series of working capacity preferential policies to support local enterprises.
Under the policies, the range of industries supported by the working capital will expand from industrial enterprises to full-caliber industries, including agriculture, retail and wholesale and transportation.
An enterprise can carry out staged borrowing involving multiple capital turnover, according to the orders or production cycle.
According to the needs of enterprises, the minimum requirement of working capital of 3 million yuan will be abolished, and the strict upper limit of 10 million yuan will be relaxed.
Meanwhile, the handling fees of working capital will be halved; and the use period of each working capital will be increased from 30 days to 60 days.
To date, Harbin Guarantee Center has approved working capital at 9.3 billion yuan for 1,379 enterprises.
Heilongjiang Provincial Hospital launched a service offering nucleic acid tests for COVID-19.
Harbin launched 11 measures to increase subsidies, support stable employment and strengthen guaranteed services.
The government of Harbin recently released new guidelines for curbing a COVID-19 outbreak.
The business environment in Harbin has seen significant improvements since the launch of measures in recent years that targeted simplifying business license applications.