Shenzhen intends to build LED small and micro enterprise mutual fund"

LED financing of listed companies, small and micro enterprises but difficult loans. Reporters yesterday from the city of Shenzhen LED industry association was informed that the Shenzhen LED industry Small and micro businesses mutual fund, Small and micro businesses without collateral can get 5 times as much as the deposit fund loans, the maximum loan amount is 5 million yuan.

LED small and micro enterprise loans difficult

Shenzhen is willing to Jing Guang Electronics Co., Ltd. shortly before funding strand breaks lead to bankruptcy, Wang Jing is willing to admit the original financial manager: the company is largely due to the collapse of small and medium enterprises loans difficult. As a billion dollars of assets of the enterprise, is willing to shine light has been nominated for two consecutive years, the industry's top five, but because of the loan problem was cornered, LED industry SME loans difficult to imagine.

From the available data, Small and micro businesses in the industry collapsed in the minority, said the Shenzhen Daily reporter interviewed Shenzhen engineering LED industry institute director Zhang Xiaofei day before, like Yuan Jingguang has debts of the enterprise also has a few.

It is understood that the current LED Small and micro businesses mainly by UNPROFOR, Guarantee corporation or small loan companies to obtain working capital, but these loans or the access threshold is too high, or guarantee qualification is too strict, or interest and the risk is too high, often make Small and micro businesses flinch but had to rush into danger. During the interview, a number of LED Small and micro businesses boss complained to reporters, in recent years the price war led to rapid decline in corporate profits, regardless of how the core technology, a penny stumped hero Han, the difficulties in the capital turnover has become the key industry of the gate of the Small and micro businesses.

LED small and micro enterprise loans relative to the other side of the phenomenon is difficult, but the LED industry has become one of the most favored venture capital and private equity investment industry, and even the phenomenon of excess financing. According to statistics, the country has been listed on the 10 LED companies to raise more than 6 billion yuan, of which there are over raised funds of $3 billion.

The establishment of mutual funds

How to crack the problem of LED small and micro enterprise loans, has long been a pressing problem in front of the industry. The good news is that the Federation of Shenzhen LED industry will be in the near future with China Minsheng Bank Shenzhen branch through mutual aid fund model, the creation of the LED industry small and micro enterprise mutual foundation".

What is the "mutual fund" mode? Shenzhen LED Industry Association Financial Services Minister Cao Yong said, with the access conditions for LED enterprises to fund pool to deposit a certain amount of funds, they can apply for loans to the Minsheng Bank through a fund manager is Shenzhen LED industry association.

Mutual funds will constitute, by mutual margin and the reserve margin is the mutual credit amount 20% (conditional exit or transfer), the risk reserve that each loan amount 0.5%~1.0% (non refundable, but the duration of the fund fund dissolved after repaying). Fund managers do not assume the responsibility of security, the establishment of the fund management committee, and elected members of the 3~5 members of the enterprise.

LED Industry Association official said, hope that through this new lending, in order to break through the bottleneck of Small and micro businesses lack of collateral and guarantees, to provide diversified services to support the status quo to improve the financing difficulties of small and medium-sized enterprises in LED industry and for small and medium-sized enterprises in business matching, legal support, evaluation of assets reorganization etc..

Can be paid 5 times the loan fund

The establishment of the foundation will bring benefits to small and micro enterprises LED LED Industry Federation, said the initial number of members of the mutual fund will not be less than 50 people, and the initial funding of not less than 10 million yuan. After the enterprise is deposited in the fund, the fund provides the guarantee, the enterprise may obtain 5 times from the Minsheng Bank to deposit the fund loan. For example, a company saved 200 thousand yuan, you can get a loan of $1 million, for small and micro enterprises, the flow of funds greatly increased. "

Minsheng Bank loan amount interval set for 500 thousand ~500 million yuan, without a mortgage or Guarantee Corporation guarantee; loan interest rate is only about 8.5%, less than 10% years of comprehensive cost, far lower than other channels of credit financing; mutual funds expire after liquidation, according to fund and risk capital investment proportion back pay.

The fund will be limited to the enterprise, the access threshold conditions include: more than 3 years of business experience, in Shenzhen self enterprises set up more than 2 years, Shenzhen LED Industry Association member enterprise; enterprise annual turnover of not less than 5 million yuan, non foreign background, the main business enterprises with strong market competitiveness and reputation; good credit, loans for the main business, business owners personal no bad credit records and bad habits, family harmony and stability; business owners family net assets of not less than 500 thousand yuan, or deep households in Shenzhen have a fixed residence; voluntarily joined the Shenzhen LED Industry Association Small and micro businesses mutual guarantee fund and abide by the fund the articles of association.

Compared with the existing small loan companies and other loans, mutual funds access threshold is relatively low, the risk is small, and limited liability guarantee. Cao Yong said, some loans take six months to get the money, but through the operation of the fund, we plan to be able to get two months of small and micro enterprises to get loans. "

Mutual fund Forum

It is understood that the LED Industry Federation will be held in July 19th, LED micro enterprise mutual fund forum. Currently there are about 30 small and micro enterprises to participate in the forum.

Minsheng Bank said mutual fund members to borrow