LED listed companies have excessive financing, but small and micro enterprises have difficulty in lending. The reporter learned from the Shenzhen LED Industry Association that Shenzhen plans to build a “LED Industry Small and Micro Enterprise Mutual Fundâ€. Small and micro enterprises can obtain five times the loans of their deposit funds without collateral. The maximum loan amount is 5 million yuan.
LED small and micro enterprise loans are difficult
Shenzhen Vision Light Electronics Co., Ltd. was bankrupt due to the break of the capital chain. The vision manager of Guangyuan originally admitted that the company’s failure was largely due to the difficulty of SME loans. As a company with assets of over 100 million yuan, the vision has been "finished in the industry's top five for two consecutive years", but because of the loan problem is forced to go nowhere, the LED industry SMEs loan difficulties can be imagined.
Judging from the data currently available, there are not many small and micro enterprises that have closed down in the industry. Zhang Xiaofei, director of the Shenzhen High-tech LED Industry Research Institute, said in an interview with the Shenzhen Business Daily that there are several companies with a view to the arrears. Family.
It is understood that at present LED small and micro enterprises mainly obtain working capital through joint guarantees, guarantee companies or microfinance companies, but these loan methods or entry thresholds are too high, or the qualification review is too strict, or the interest and risk are too high, often Let the small and micro enterprises be discouraged but have to take risks. During the interview, many LED small and micro enterprise bosses complained to reporters that the price war in recent years has caused the company's profits to decline rapidly. Regardless of the core technology, a penny is difficult for heroes, and the difficulty of capital turnover has become a small and micro enterprise in the industry. The key to life.
On the other hand, the LED industry has become one of the most favored industries for venture capital and private equity investment, and there is even a phenomenon of over-financing. According to statistics from relevant departments, 10 LED companies listed in China have raised more than 6 billion yuan, of which 3 billion yuan will be raised.
Establish a "mutual cooperation and cooperation fund" model
How to solve the problem of LED small and micro enterprise loans has long been an urgent issue facing the industry. The good news is that the Shenzhen LED Industry Association will soon establish a "LED Industry Small and Micro Enterprise Mutual Aid Foundation" with the China Minsheng Bank Shenzhen Branch through the "mutual cooperation and cooperation fund" model.
What is the “mutual cooperation and cooperation fund†model? Cao Yu, director of the Financial Services Department of the Shenzhen LED Industry Association, said that LED companies with access conditions can deposit a certain amount of funds into the fund pool, and they can apply to the Minsheng Bank through the fund manager, Shenzhen LED Industry Association. The corresponding loan.
The mutual fund will be composed of mutual security deposit and risk reserve. Among them, the mutual security deposit is 20% of the credit amount (conditional withdrawal or transfer), and the risk reserve is 0.5%~1.0% of the loan amount (the fund does not exist for the duration of the fund). Refunded, but the fund can be retired after it is dissolved.) The fund manager will not assume the guarantee responsibility, and will set up a fund management committee and elect 3 to 5 member companies to serve as members.
The relevant person in charge of the LED Industry Association said that it hopes to break through the bottleneck of small and micro enterprises' lack of collateral and effective guarantees through this new way of lending, improve the current situation of financing difficulties for SMEs in the LED industry and match business transactions for SMEs. We provide diversified service support in legal support, asset valuation and restructuring.
Can get a deposit of 5 times the loan
What benefits will the establishment of the foundation bring to LED small and micro enterprises? The LED Industry Association said that the initial membership of the Mutual Aid Foundation will be no less than 50, and the initial raised funds will be no less than 10 million yuan. After the enterprise deposits the fund, the foundation provides guarantees, and the enterprise can obtain five times the loan from the Minsheng Bank to deposit into the fund. "For example, if a company saves 200,000 yuan, it can get a loan of 1 million yuan. For small and micro enterprises, the space for capital turnover is greatly increased."
Minsheng Bank has set a loan amount range of 500,000 to 5 million yuan, without mortgage or guarantee company guarantee; the annual interest rate of the loan is only 8.5%, the annual comprehensive cost is less than 10%, far lower than other credit financing channels; mutual funds to After the liquidation, the funds and risk funds paid can be recovered according to the capital contribution ratio.
The Foundation has restrictions on the entry barriers of enterprises. The conditions include: business owner experience for more than 3 years, self-employed enterprises in Shenzhen have been established for more than 2 years, and are members of the Shenzhen LED Industry Association; the annual turnover of enterprises is not low. At 5 million yuan, non-foreign capital background, the main business has strong market competitiveness; corporate reputation and credit status are good, borrowing is used for main business, business owners have no bad credit records and bad habits, and family relationships are harmonious and stable; The net assets of the business owner's family shall not be less than 500,000 yuan, and the deep households may have fixed residences in Shenzhen; they shall voluntarily join the Shenzhen LED Industry Association's Small and Micro Enterprise Mutual Guarantee Fund and abide by the fund's articles of association.
Compared with existing lending companies such as microfinance companies, mutual funds have relatively low barriers to entry, are relatively low risk, and are limited liability guarantees. Cao Yu said, "Some loans take half a year to get money, but through the operation of the fund, we plan to get small and micro enterprises to get loans in two months."
Mutual Aid Fund Symposium will be held
It is understood that the LED Industry Federation will hold a "LED Industry Micro-Enterprise Mutual Fund" symposium on July 19. About 30 small and micro enterprises have signed up for the symposium.
Minsheng Bank said that mutual fund members must provide three major materials, including proof of identity: the borrower and spouse (if any) valid ID card, household registration, and marriage certificate. Credit material: The bank or water and assets certificate of the borrower or spouse in the past six months. Company information: business license, organization code certificate, tax registration certificate, capital verification report, charter, loan card; company profile, enterprise actual controller/main management personnel resume; business premises lease contract/property certificate, nearly 3 months Water, electricity bill and payroll summary; 2010, 2011 and nearly 1 month corporate financial statements; 2010, 2011 tax certificate and nearly 1 month tax return; company account statement (reviewed in the past 6 months) A list of the top 5 customers and the top 5 suppliers (company name, cooperation period, cooperation content/method, cooperation amount, ratio, settlement method/account period), And provide recent contracts, agreements, purchase orders or VAT invoices and other supporting evidence; the company's main fixed assets and machinery and equipment list (higher unit price and complete procedures can provide invoices).
The LED Industry Association said that after the debts are settled, the mutual aid and cooperation funds will be actively liquidated according to relevant rules. The fund will be passively liquidated when the total number of fund members is less than 75% of the initial set number, or if the micro-enterprise mutual aid bond is less than 5% of the total credit amount and other force majeure, policy regulation, etc.
Guide small and micro enterprises to transform and upgrade
At present, there are more than 1,800 LED companies in Shenzhen, including more than 1,000 small and micro enterprises. It is understood that most of these companies' products are concentrated in the low-end and the repeated investment phenomenon.
Longgang, a business owner engaged in LED production for three years, told reporters on the phone that technology research and development could not be effectively improved in a short period of time. In addition, the capital turnover space was small, and the price war became the most helpless move in this industry in recent years. The products manufactured underneath do make consumers worry about quality issues.
After the establishment of the mutual fund, once the enterprise re-uses the loan for repeated investment and low-end product production, will the industry be led astray? Cao Yu said that the access conditions of the Foundation will in fact play a selective role, so that small and micro enterprises with vitality, good reputation and technological advantages will obtain loans and development opportunities, which will ultimately benefit the healthy development of the LED industry in Shenzhen and enhance LED industry transformation and upgrading capabilities.
It is worth noting that mutual funds have no clear rules on the use of loans obtained by enterprises. Some experts suggest that the system design will guide the transformation and upgrading of small and micro enterprises more clearly, and avoid the repeated development of low-end products, which may be more beneficial to the future development of the LED industry.
LED small and micro enterprise loans are difficult
Shenzhen Vision Light Electronics Co., Ltd. was bankrupt due to the break of the capital chain. The vision manager of Guangyuan originally admitted that the company’s failure was largely due to the difficulty of SME loans. As a company with assets of over 100 million yuan, the vision has been "finished in the industry's top five for two consecutive years", but because of the loan problem is forced to go nowhere, the LED industry SMEs loan difficulties can be imagined.
Judging from the data currently available, there are not many small and micro enterprises that have closed down in the industry. Zhang Xiaofei, director of the Shenzhen High-tech LED Industry Research Institute, said in an interview with the Shenzhen Business Daily that there are several companies with a view to the arrears. Family.
It is understood that at present LED small and micro enterprises mainly obtain working capital through joint guarantees, guarantee companies or microfinance companies, but these loan methods or entry thresholds are too high, or the qualification review is too strict, or the interest and risk are too high, often Let the small and micro enterprises be discouraged but have to take risks. During the interview, many LED small and micro enterprise bosses complained to reporters that the price war in recent years has caused the company's profits to decline rapidly. Regardless of the core technology, a penny is difficult for heroes, and the difficulty of capital turnover has become a small and micro enterprise in the industry. The key to life.
On the other hand, the LED industry has become one of the most favored industries for venture capital and private equity investment, and there is even a phenomenon of over-financing. According to statistics from relevant departments, 10 LED companies listed in China have raised more than 6 billion yuan, of which 3 billion yuan will be raised.
Establish a "mutual cooperation and cooperation fund" model
How to solve the problem of LED small and micro enterprise loans has long been an urgent issue facing the industry. The good news is that the Shenzhen LED Industry Association will soon establish a "LED Industry Small and Micro Enterprise Mutual Aid Foundation" with the China Minsheng Bank Shenzhen Branch through the "mutual cooperation and cooperation fund" model.
What is the “mutual cooperation and cooperation fund†model? Cao Yu, director of the Financial Services Department of the Shenzhen LED Industry Association, said that LED companies with access conditions can deposit a certain amount of funds into the fund pool, and they can apply to the Minsheng Bank through the fund manager, Shenzhen LED Industry Association. The corresponding loan.
The mutual fund will be composed of mutual security deposit and risk reserve. Among them, the mutual security deposit is 20% of the credit amount (conditional withdrawal or transfer), and the risk reserve is 0.5%~1.0% of the loan amount (the fund does not exist for the duration of the fund). Refunded, but the fund can be retired after it is dissolved.) The fund manager will not assume the guarantee responsibility, and will set up a fund management committee and elect 3 to 5 member companies to serve as members.
The relevant person in charge of the LED Industry Association said that it hopes to break through the bottleneck of small and micro enterprises' lack of collateral and effective guarantees through this new way of lending, improve the current situation of financing difficulties for SMEs in the LED industry and match business transactions for SMEs. We provide diversified service support in legal support, asset valuation and restructuring.
Can get a deposit of 5 times the loan
What benefits will the establishment of the foundation bring to LED small and micro enterprises? The LED Industry Association said that the initial membership of the Mutual Aid Foundation will be no less than 50, and the initial raised funds will be no less than 10 million yuan. After the enterprise deposits the fund, the foundation provides guarantees, and the enterprise can obtain five times the loan from the Minsheng Bank to deposit into the fund. "For example, if a company saves 200,000 yuan, it can get a loan of 1 million yuan. For small and micro enterprises, the space for capital turnover is greatly increased."
Minsheng Bank has set a loan amount range of 500,000 to 5 million yuan, without mortgage or guarantee company guarantee; the annual interest rate of the loan is only 8.5%, the annual comprehensive cost is less than 10%, far lower than other credit financing channels; mutual funds to After the liquidation, the funds and risk funds paid can be recovered according to the capital contribution ratio.
The Foundation has restrictions on the entry barriers of enterprises. The conditions include: business owner experience for more than 3 years, self-employed enterprises in Shenzhen have been established for more than 2 years, and are members of the Shenzhen LED Industry Association; the annual turnover of enterprises is not low. At 5 million yuan, non-foreign capital background, the main business has strong market competitiveness; corporate reputation and credit status are good, borrowing is used for main business, business owners have no bad credit records and bad habits, and family relationships are harmonious and stable; The net assets of the business owner's family shall not be less than 500,000 yuan, and the deep households may have fixed residences in Shenzhen; they shall voluntarily join the Shenzhen LED Industry Association's Small and Micro Enterprise Mutual Guarantee Fund and abide by the fund's articles of association.
Compared with existing lending companies such as microfinance companies, mutual funds have relatively low barriers to entry, are relatively low risk, and are limited liability guarantees. Cao Yu said, "Some loans take half a year to get money, but through the operation of the fund, we plan to get small and micro enterprises to get loans in two months."
Mutual Aid Fund Symposium will be held
It is understood that the LED Industry Federation will hold a "LED Industry Micro-Enterprise Mutual Fund" symposium on July 19. About 30 small and micro enterprises have signed up for the symposium.
Minsheng Bank said that mutual fund members must provide three major materials, including proof of identity: the borrower and spouse (if any) valid ID card, household registration, and marriage certificate. Credit material: The bank or water and assets certificate of the borrower or spouse in the past six months. Company information: business license, organization code certificate, tax registration certificate, capital verification report, charter, loan card; company profile, enterprise actual controller/main management personnel resume; business premises lease contract/property certificate, nearly 3 months Water, electricity bill and payroll summary; 2010, 2011 and nearly 1 month corporate financial statements; 2010, 2011 tax certificate and nearly 1 month tax return; company account statement (reviewed in the past 6 months) A list of the top 5 customers and the top 5 suppliers (company name, cooperation period, cooperation content/method, cooperation amount, ratio, settlement method/account period), And provide recent contracts, agreements, purchase orders or VAT invoices and other supporting evidence; the company's main fixed assets and machinery and equipment list (higher unit price and complete procedures can provide invoices).
The LED Industry Association said that after the debts are settled, the mutual aid and cooperation funds will be actively liquidated according to relevant rules. The fund will be passively liquidated when the total number of fund members is less than 75% of the initial set number, or if the micro-enterprise mutual aid bond is less than 5% of the total credit amount and other force majeure, policy regulation, etc.
Guide small and micro enterprises to transform and upgrade
At present, there are more than 1,800 LED companies in Shenzhen, including more than 1,000 small and micro enterprises. It is understood that most of these companies' products are concentrated in the low-end and the repeated investment phenomenon.
Longgang, a business owner engaged in LED production for three years, told reporters on the phone that technology research and development could not be effectively improved in a short period of time. In addition, the capital turnover space was small, and the price war became the most helpless move in this industry in recent years. The products manufactured underneath do make consumers worry about quality issues.
After the establishment of the mutual fund, once the enterprise re-uses the loan for repeated investment and low-end product production, will the industry be led astray? Cao Yu said that the access conditions of the Foundation will in fact play a selective role, so that small and micro enterprises with vitality, good reputation and technological advantages will obtain loans and development opportunities, which will ultimately benefit the healthy development of the LED industry in Shenzhen and enhance LED industry transformation and upgrading capabilities.
It is worth noting that mutual funds have no clear rules on the use of loans obtained by enterprises. Some experts suggest that the system design will guide the transformation and upgrading of small and micro enterprises more clearly, and avoid the repeated development of low-end products, which may be more beneficial to the future development of the LED industry.
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