Precise financial water infusion for micro and small enterprises

This article is adapted from: Liaocheng Daily

■ By our reporter, Chen Xia

Our correspondent, Sun Jiqi and Zhang Xiangjun

On March 28, in the stationery and packaging box processing workshop in Nanzongzhuang Village, BeiguanTao Town, Guan County, the cutting and ink-printing production lines were operating in an orderly manner, and finished paper cartons came off the line one after another. The person in charge of the company, Zong Yinguang, told the reporter that his micro processing factory, with annual revenue of about 5 million yuan, can handle peak-season production with ease, thanks to the financial support from the BeiguanTao branch of Runchang Rural Commercial Bank.

Zong Yinguang’s company’s main business is deep processing of stationery packaging boxes, and its operations are clearly seasonal. Before the peak season, it needs to stock up on paperboard raw materials in a concentrated way. Although operations are stable and customer channels are reliable, the working-capital pressure brought by concentrated procurement once constrained the company’s capacity expansion. Earlier this year, to ensure timely delivery of orders, he urgently needed a chunk of funds to purchase raw materials.

During the “Four Lists” visits, the BeiguanTao branch of Runchang Rural Commercial Bank precisely connected to the needs. The account manager conducted on-site verification of production and operations, sales transaction flows, credit standing, and other aspects. After confirming that the company’s operations were sound, profits were clear, and repayment ability was sufficient, the bank quickly formulated a credit plan and efficiently disbursed an 8 million yuan working-capital loan.

“This money resolved an urgent problem. The raw materials arrived in full and on time, the production lines are running at full capacity, and I don’t have to worry about missing out on orders anymore.” Zong Yinguang candidly said that the financial support helps the company produce more confidently, and also further strengthens customer cooperation and market share. At present, the company’s production is running smoothly; its products continue to be sold to places across the country, creating jobs for people in the village and surrounding areas and injecting momentum into the development of rural industries.

In recent years, Runchang Rural Commercial Bank has focused on the real economy, adhering to its market positioning of “supporting agriculture and supporting small businesses.” It focuses on key customer groups such as individual industrial and commercial households and small micro processing enterprises, takes the initiative to move services closer to the grassroots, simplifies procedures, and innovates products. With inclusive financial services characterized by “short cycles, frequent touchpoints, and speed,” it helps solve seasonal and temporary funding difficulties. As of the end of February this year, the bank’s balance of loans to the real economy was 9.297 billion yuan, an increase of 321 million yuan over the beginning of the year. The bank will continue to deepen its efforts in the local area’s market, closely track the needs of local featured industries and small micro entities, and improve the efficiency and quality of credit disbursement and services. Using financial products that are more flexible, more convenient, and more affordable, it will deliver precise financial support to the real economy.