Hefei high-tech zone launches 'AI Loan' for sci-tech businesses
Gao Xin Guarantee and Xin An Bank sign a cooperation agreement for the launch of the "AI Loan" financial product on June 28. [Photo/WeChat ID: hefeigaoxinfabu]
Hefei National High-tech Industry Development Zone launched the "AI Loan" financial product on June 28 in a bid to make it easier for science and technology enterprises to get loans.
During the product launch, some enterprises in the zone reached loan negotiations on the spot.
The "AI Loan" is jointly developed by Gao Xin Guarantee, a government-backed guarantee company in the zone, and Xin An Bank, which simplified the guarantee process, improved the approval efficiency, and helped solve various financing problems for small and medium-sized enterprises.
It also has the characteristics of "online application, online review, online processing, and online signing".
The maximum loan amount for a single enterprise is 5 million yuan, the guarantee rate does not exceed 1.0 percent per year, and the maximum credit period is three years.
It is expected that the review time for a single company can be cut down from the traditional two to three weeks to as little as three working days.
Hefei National High-tech Industry Development Zone has been focusing on giving full play to the government-backed financing guarantee to help small and medium-sized science and technology enterprises solve financing problems. This year, a variety of financial products have been launched in the zone to help ease the pressure on local enterprises that have been affected by the COVID-19 pandemic.
Peng began to participate in the research of quantum science and technology in 2003. Since then, he has taken part in...
Cao is not only a successful entrepreneur but also an advocate for the development of the national clean energy indus...