Product Description
As a brand specially created for serving the small and medium enterprises (SMEs), “BOC Credit Factory” aims to enhance the service efficiency through end-to-end factory-like assembly line operation and division of labor, and to provide SME’s with professionals, efficient and all-round financial services. The factory aims to fulfill the above goals by enriching product portfolios and project designs according to the operational characteristics and financing demand of SMEs.
Product Features
1. Establish a “specialized agency”. An independent agency is set up to specialize in handling the business of SMEs.
2. Build a “process bank”. By adopting the factory-like operation mode, efforts are made to reshape the business process and management system in order to improve the service efficiency and raising the service level.
3. Customize “exclusive products”. In order to meet the clients’ demand and improve their experience, special products are customized for small and micro-enterprises based on the circumstances of their asset-light strategies.
Target Clients
The service targets the wholesale clients with the annual sales revenue no more than RMB 150 million and non-wholesale clients with the annual sales revenue no more than RMB100 million, including small enterprises and some medium enterprises as prescribed by the national standard.
Application Requirements
1. The business license and loan card are valid and examined annually;
2. Business has been run for more than two years;
3. The legal representative/actual controller has been working in this industry for more than four years;
4. The applicant has a favorable credit record.
Handling Procedures
1. The borrower submits the credit application and relevant materials to the local BOC branch;
2. BOC examines and verifies the qualification of the borrower;
3. Upon confirmation, the two parties sign the loan contract and other relevant agreements;
4. Proceed with the relevant procedures of such transactions as mortgage and guarantee, and then withdraw the loan.
Scope of Application
It is applicable in the 30 tier-one domestic branches of BOC, excluding the branches in Hainan, Ningxia, Tibet and Qinghai.
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