Easy Finance Link for small business represents a range of ICBC credit facility products available online for addressing the difficulty of online merchants to get funding for their business, in line with their loan requirements.
II. Target Clients
Micro enterprises running normal business on the third-party e-commerce platform, stable income, in need of short-term funds.
III. Features and Advantages
1. High loan limit. Up to RMB 5 million, depending on the amount required, reliable repayment sources and other factors;
2. Flexible guarantee options. Credit, third-party guarantee, joint-guarantee, collateral (pledge), depending on borrowers' own situation;
3. Self-service, fast, convenient. Borrow and repay anytime online, no need to run to the bank.
IV. Application Conditions
1. Loan card issued by the People's Bank of China and registered under administrative department of industrial and commerce (except where not required by People's Bank of China). Annual inspection has been completed;
2. Member in third-party e-commerce platform for a number of years;
3. Primary settlement account or general settlement account opened in ICBC;
4. Fixed business location or domicile in the same location as the lending branch;
5. Able to fulfill the obligation of the contract and repay debt. Legal representative of the company (including the officer-in-charge of non-corporate entity or business owner) and spouse, main shareholders and spouse are required to have no bad credit history;
6. Other conditions stipulated by lending branch.
Note: Information herein is for reference only. Refer to the announcements and regulations of local branches for further details. ICBC reserves the final right of interpretation.