The financial department in Jiangning district of Nanjing has spared no efforts to help local micro and small firms to tide over financial difficulties as the province is engaged in the battle against the coronavirus outbreak.
Nanda Poping Electronic Information Co., Ltd. is located near Lukou Airport and was placed under closed management after the outbreak of the coronavirus infection at the airport on July 20. The company, however, needs to repay the loan in August.
Through rounds of negotiations, the local bank immediately agreed to extend the loan repayment for 15 days and also provided a loan of 2 million yuan to help the firm tide over the difficulties.
Since the outbreak of the epidemic, Zijin Rural Commercial Bank has reduced the financial pressure of small, medium and micro enterprises through online services, fee reduction and exemption, and deferred repayment.
Local banks delayed 616 million yuan in repayment of principal and interest for 261 companies affected by the epidemic.
The Jiangning branch of Hengfeng Bank opened a green channel for local small, medium and micro enterprises to provide solid financial guarantee for epidemic prevention and control.
Song Jian, Nanjing Jiangning Sub-branch of Evergrowing Bank, said that the bank has provided a series of preferential and convenient policies for small, medium, micro and inclusive customers during the epidemic control period by taking measures such as no repayment of principal on loans due during the epidemic, and extension of the repayment of principal and interest and postponement of interest payments so that SMEs can shore up their ability to withstand the epidemic through bank policies.
From July 20 to August 16, 50 companies in Jiangning District handled 55 business transactions through the Nanjing Private Enterprise On-lending Mutual Fund, with the provision of on-lending fund of 217.9 million yuan and bank loans of 264.7 million yuan.43 companies were exempted from 45.5 thousand yuan of on-lending fees.
