Working capital loan is a RMB or foreign currency loan, issued to meet borrowers’ day-to-day financing demand during the process of business production and operation. Borrowers should be enterprise (institution) legal persons or organizations whose registrations have been approved by relevant national authorities.
Product features:The credit line of working capital loan is revolving within the valid loan period, which is generally less than or equal to one year. In principle, the borrower should make repayment of the credit line when due and can proceed to reborrowing after finishing loan renewal procedures.
Operation process1、Basic documents required
When approving for credit line, an enterprise need to provide the following basic documents : business license, organization code certificate, tax registration certificate, the company's articles of association, the board of directors’ or the shareholders' committee resolution, etc. If the company is a HK or foreign company, the above documents shall be provided with the corresponding supporting documents. Other information, such as the capital verification report, may also be required under certain project. If the credit company has a guarantor or other special requirements, it will be handled in accordance with the specific requirements (the customer manager will assist you in informing your company of the documents you need).
2、documents and procedures for general withdrawal
(1) In general, the withdrawal shall provide the following documents:
● withdrawal application (including payment instructions)
● a business contract that proves the purpose of borrowing
● if it is used to repay other bank loans, the original loan contract and the repayment notice of the other bank will be required.
● other documents required by our bank
(2) before the withdrawal, please try to notify customer manager with recent funding arrangements and drawing requirements, and confirm with customer manager about required documents and conditions, preparing in accordance with the guide of customer manager.
(3) If the withdrawal documents are fully prepared and provided to the customer manager, we will complete the loan lending within one working day if the documents are fully qualified.
(4) In order to ensure that the withdrawal can be submitted as planned, the company is advised to submit the documents to the customer manager one day in advance, and the customer manager will arrange the pretrial to guarantee the timely lending of the loan.
For your convenience, you can also open internet corporate banking, dedicate online borrowing contract with our bank, submit application for withdrawal or repayment, and submit withdrawal documents by fax or mail as agreed in the contract. Generally, we can make the loan on the same day if the qualified documents can be submitted before 12:00.
project loansProject Financing raises funds for corporate customer’s investment projects, such as construction, expansion, renovation, development or purchase of fixed assets and relies primarily on the projects’ returns for repayment.
Product features1.Project financing is commonly applied to large-scale infrastructural projects which generate steady cash flow, such as generating facilities, roads, railways, airports, bridges etc.
2.In general, the borrower is the project company [refer to the new company established by the project contractor (i.e. Shareholder) to operate a designated project] . The loan is secured by the project’s assets, rights and interests with the project contractor as the guarantor and is limited for the designated project use.
3.The project under application should comply with the national industrial and credit policies, with capital ratio in line with national requirements and obtains valid approving documents from relevant national authorities.
4.The borrower should open a special project income account in the Bank for the deposit of project income. Payments of the project should be made according to pre-agreed terms and conditions.
Real estate development loan is issued to address the financing demand of the corporate real estate development and construction (for sale or rental), and is generally secured by the project assets (i.e. the land of the project and the rights of the building which will be constructed on it). Within the agreed period, the principal and interests are repaid by the sale or rental income of the real estate in lump sum or by installments.
Machinery financingMachinery financing is a financing solution tailored for corporate customers to purchase manufacturing machinery and equipments. Corporate customers can repay the principal and interest by installments.
Product features1.The machines under financing should be general manufacturing machinery with established secondary market and market value.
2.All machines and equipments purchased by means of machinery financing should be held as the collateral and properly insured with NCB (China) as the first beneficiary.
Fixed asset loanFixed asset loan is a RMB or foreign currency loan for corporate fixed asset investments. Borrowers should be enterprise (institution) legal persons or organizations whose registrations have been approved by relevant national authorities.
Product features1.The loan usage should be specific and legal. The loan should comply with the national industrial, landing, environmental protection and investment management policies.
2.The contract specifies a loan account. The loan should be granted and repaid via this specific loan account
Syndicated loan is a form of loan business in which two or more banks jointly provide loans (in accordance with stated schedule and proportion) for the borrower via the agency bank on the same loan terms and the same loan agreement. In general, one bank is appointed as the agency bank to mange the loan business on behalf of the syndicate members.
Product features1.The loan amount is usually large with long loan period to satisfy the borrower’s long term financing needs.
2.The major loan currency is RMB. USD, EUR and GBP are also available.
3.According to the borrower’s need, multiple loan currencies can be used for the same syndicated loan.
Merging and Acquiring Loan refers to loan that NCB (China) grants to domestic merging parties or their subsidiaries to pay for the transactions in merger and acquisition activities.
Product features1.The merging parties applying for the loan should be NCB (China)’s quality customers with legitimate business and good credit condition, and comply with national industrial policies and NBC (China)’s credit policies.
2.The transactions in merger and acquisition activities must be complied with laws and regulations.
3.Merging parties and the target companies should have high correlation in industry or strategy and meet other requirements of NCB (China).
Assets-backed loan refers to the loan backed by the commercial properties (i.e. properties developed or purchased) owned by the borrower (“the commercial properties owner”) and relies on the operating income of the pledged assets as the primary repayment source.
Product features1.Commercial properties owners (including real estate enterprises which develop and own the commercial properties or the enterprise legal persons who purchase and own the commercial properties) can apply for the loan.
2.Assets-backed loan meets the capital needs of the enterprise in the operating period of the commercial property, such as the replacement of commercial properties developing loan.