Product definition:

“Warehouse and loan connect ” loan refers to the loan applied by the borrower, with the legally got warehouse receipt as the pledge guarantee, to be used as working capital in his normal operation.

Prospective borrowers:

Business entities and legal persons of public institutions registered with industrial and commercial administrative department (or competent authorities), other economic organizations that can become borrowers according to national regulations.

Conditions of loan:

1. The business scope shall be mainly in commerce circulation and wholesale business;

2. The products handle and sold shall be mainly large amount of raw material in common use, basic producer goods and durable consumer items of high unit price, which are within the business scope defined in the Business License;

3. The products sold shall have high market occupancy rate, with relatively steady price, being easy to be realized and transferred, with large cash flow;

4. Having opened basic deposit account and general deposit account with the loan bank;

5. There exists no significant poor credit record since establishing. The main business managers and shareholders have high moral character and good credit status;

6. Other conditions required by our bank.

Loan interest:

Accord with “Pricing Administrative Methods on RMB Loan Interest of Jiutai Rural Commerce Bank of Jilin Province”.

Loan period:

It shall be 6 month, and the longest shall not exceed 1 year. The maturity date of loan plus 3 months shall not exceed the expiring date of shelf life described in the warehouse receipt.

loan amount:

The loan amount shall be determined according to the value of warehouse receipt. The pledge rate shall not exceed 60% and the highest shall not exceed 70%. Single loan balance shall not exceed 2 million Yuan. The borrower shall deposit in advance 10% of the loan amount as falling price cash deposit, which can be drawn only after the loan principal and interest have been all settled.

Use of loan:

To be used in purchase of raw material, short-term shortage of working capital and temporary shortage of funds in operation.