Shanghai University Student Business Guarantee Fund Helps Students Get 750 Thousand Loans

Wang Yu, a university graduate who started business 2 years ago, has successfully obtained a loan of 500 thousand yuan in working capital.

Yesterday, the City University Science and technology foundation announced that the Guarantee Center, which provided "backup" for college students' venture financing, has successfully promoted two businesses. The two student companies have received a total of 750 thousand yuan of working capital loans.

The application of loans to banks has been regarded as a dangerous road for many college students, especially liquidity.

Because the scale of enterprises is small, and it can not be secured with fixed assets, it is difficult to obtain bank trust. Even Guarantee Corporation is hard to find.

In response to this demand, last year, the science and technology foundation of the University of science and technology reached an agreement with the Credit Guarantee Center of Yangpu District small and medium enterprises, launched the "special guarantee fund", and provided credit guarantee for university students' pioneering loans.

Wang Yu is one of the first entrepreneurs who have tasted the sweetness.

Shanghai Hui Rui computer technology Co., Ltd. founded by Xiao Wang is mainly engaged in cosmetics sales based on e-commerce platform.

Over the past two years, the volume of pactions on the platform has grown from dozens of varieties to hundreds of varieties, and monthly sales have also gone from the initial tens of thousands of yuan to the current 700 thousand yuan.

Xiao Wang's goal is to expand the varieties to tens of thousands of species, and the monthly sales will exceed 10 million yuan.

But there is not enough liquidity for stocking, and become the "glass ceiling" of entrepreneurship.

After the Assurance Center was informed, the company assessed its credit and was pleased to do so.

This also makes the next loan road smooth.

Now Xiao Wang is full of confidence: "the loan of 500 thousand yuan is just fine. Under normal circumstances, it can bring 70-80 yuan profit to the company every year.

The loan will expire in one year, and it will be paid off at once.

According to the relevant person in charge of the City University Science and technology foundation, the fund of the "special guarantee fund" consists of three parts: the venture foundation and the Credit Guarantee Center of Yangpu District small and medium-sized enterprises, each part of which is invested in part of their own businesses, as a "reserve for future financing".

For example, an enterprise has invested 20 thousand yuan in the fund. In the future, if there is financing demand, it will get about 10 times the "loan reserve" (that is, the maximum amount of 200 thousand yuan).

If the enterprise fails to repay the loan, it will share the risk by the foundation, the Guarantee Center and the three party in a certain proportion.

Unlike general commercial Guarantee Corporation, the guarantee services launched by the foundation are more public welfare. The guarantee fees will be refunded to the loan companies in full after the loan is repaid.

All enterprises funded by the venture capital foundation in the city can enjoy this service.