The hottest Jinmao financing guarantee to expand a

Jinmao financing guarantee: expand and strengthen the machinery and equipment mortgage guarantee market

according to Dai Weidong, chairman of Jinmao, the company's machinery and equipment mortgage guarantee is jointly cooperated by banks, machinery and equipment dealers and guarantee companies. If the light flashes or other lights up a business, it aims to provide financial support for small, medium and micro enterprises with growth. "At that time, I just wanted to design a product that could adapt to the market and control the risk." Because the subject matter of this business is general machinery and equipment, which is widely applicable and not easy to depreciate; In Wenzhou, where there are many small and micro enterprises, there is a great demand for equipment renewal. The machinery and equipment mortgage guarantee business of Wenzhou Jinmao Financing Guarantee Co., Ltd. is well-known in the Wenzhou guarantee industry. Although in the eyes of peers, the market share of mechanical equipment mortgage loan guarantee is large, but the profit is low. Jinmao has been consistent since its establishment in 2007, and firmly believes that this is a cake that can be bigger

according to daiweidong, chairman of Jinmao, the company's machinery and equipment mortgage guarantee is a business jointly operated by banks, machinery and equipment dealers and guarantee companies, which aims to provide financial support for growing small, medium and micro enterprises. At that time, I just wanted to design a product that could adapt to the market and control the risk. Because the subject matter of this business is general machinery and equipment, which is widely applicable and not easy to depreciate; In Wenzhou, which faces many user queries and is densely populated with small and micro enterprises, there is a great demand for equipment renewal. In recent years, when small and micro enterprises that want to do industry purchase equipment, they are often blocked by the problem of temporary capital turnover, and the performance is tested according to gb1042 (7) 9 standard, affecting their development. Through the mortgage guarantee business of Jinmao machinery and equipment, the enterprise only needs to pay 30% - 40% of the equipment payment, and the rest is guaranteed by Jinmao to lend to the bank. The loan term is up to 3 years, generally 2 years. The enterprise apportions the payment and repayment month by month, and finally realizes the repayment of interest with principal

among the customers handled by Dai Weidong, there are many cases from micro to small and from small to medium driven by this guarantee business, so this kind of experimental machine rarely has a model below 10kN. One of Ruian's auto parts enterprises left a deep impression on him: from a family workshop, it took seven years to gradually expand production, achieving an annual sales of tens of millions. According to Dai Weidong, even in the current environment, the bad debt rate of mechanical equipment mortgage guarantee is still very controllable. So far, only one bad debt has occurred, and the amount is not very large. I believe the choice was right at that time. Because of its low risk and universality, this product is also deeply supported by banks. Bank of Ningbo (002142, Guba) has specially designed a cooperative product called equipment finance for it. At present, the machinery and equipment mortgage guarantee business accounts for 60% - 70% of the company's total annual guarantee amount

over the past few years, Wenzhou Jinmao Financing Guarantee Co., Ltd. has guaranteed a total of 61.43875 million yuan in the machinery mortgage business, providing loan guarantees for 49 small and medium-sized enterprises, strictly controlling risks, and the compensation rate is zero. After the review of Wenzhou Municipal Commission of economy and information technology and the Finance Bureau, 2013 was rewarded with special support funds as a special and refined project. Chen Jiayin