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Chongqing provides SMEs with guaranteed loans of 26.66 bln yuan

Chongqing provides SMEs with guaranteed loans of 26.66 bln yuan

Write: Thorulffr [2011-05-20]

CHONGQING(CQNEWS) -- Chongqing in 2010 provided guaranteed loans of 26.66 billion yuan for small and medium-sized enterprises (SMEs for short) and will strive to provide more than 40 billion yuan this year.

Incomplete statistics shows that Chongqing has 130 guarantee agencies in had reached at end of 2010, 81 more than 2005.

Mainly engaged in current capital loan guarantee, local guarantee agencies have run on more and more industries and have won general acceptance from Chongqing SMEs. (Translated by Tan Hongxia, Fathom Language Limited)