1) The applicant is recommended by Regional Business Guidance Service Centre or Regional Employment Promotion Leadership Team.
2) The applicant should be natural person of full civil capacity, aging from 18 to 60 years old with legal valid identity certificates
3) The applicant should be registered permanent residence in Shanghai, and have permanent residence in the region where the lending branch is operating.
4) The applicant must have attended business start-up training organized by Labor and Social Security Department, obtained the Certificate of Completion, and has registered as laid-off work at the district.
5) The applicant must obey the laws, and have sound credit history.
6) The SME Credit Guaranty Centre under the local district Finance Bureau should provide with joint liability for the applicant.
1) In principle, single loan value can not exceed RMB 300,000.
2) In general, single loan term is 1 year, with maximum term of 3 years.
3) Loan interest rates are in accordance with the benchmark loan interest rates of various terms and classes announced by PBoC.
The SME Credit Guaranty Centre under the local district Finance Bureau should provide with joint liability for the applicant.
