Changsha Branch of the Bank of Beijing Issues Short-term Loan

The short-term loan granted by the Bank of Beijing BB was issued in eight cities including Beijing, Shanghai, Shenzhen and Changsha on Dec. 23. It marks that the short-term loan program will be promoted across the whole country after six months' pilot initiative in Beijing.
At the promotion site in Changsha, the Changsha Branch of BB inked a strategic cooperation agreement with Jinyuan Branch in Changsha of Beijing Easyhome Investment Holding Group Co., Ltd.

The issuing of the short-term loan of BB aims at creating a financing platform in emergency for small and medium-sized enterprises SMEs and privately or individually-owned business to propel their development. It has five characteristics and advantages: simple application procedures, diversified means of credit guarantee, recycling of the granted credit, guaranteed credit line and speedy transferring of fund to the borrowers' account.

At the beginning of this year, the Changsha Branch of BB signed a cooperation agreement with Ningxiang Economic Development Zone to grant one billion yuan of credit to the zone. It is the first time the SMEs in Changsha have got financial support from the bank.

Translator: Zhou Jingqi
Source: www.enghunan.gov.cn