The New Area accumulatively provided loans of over 50 million CNY to 278 entrepreneurs driving development of more than 300 small and micro businesses.

“I never thought that I can receive the 200,000 CNY of loans so quickly. This is my second loan since my business started. As the company is now in urgent need of money, the loan is really too timely.” Recently, Mr. Fu, manager of Binhai New Area Tianjin Xu Qiang Commercial & Trading Co., Ltd, came to Haibin Street Labor and Social Security Center and excitedly held hands of staff of the Labor and Social Security Center tightly after knowing that the much-needed entrepreneurial interest-free loans had been successfully approved.

Staff of Haibin Street Labor and Social Security Center told the reporter that, recently, according to relevant requirements of “Tianjin Binhai New Area Implementation Plan for Entrepreneurship Small-Sum Guaranteed Loan” issued this year, the center actively promotes entrepreneurship to drive employment, supports development of entrepreneurship secured loans. While vigorously promoting the new loan policy, the staff initiatively contacts companies which have made repayment after borrowing loans, ask them whether further loan is needed. Xu Qiang Commercial & Trading Co., Ltd is one of such enterprises, which needs 200,000 CNY interest-free loans after repayment of 100,000 CNY interest-free loans. According to the policy, the entrepreneur received loans after about ten days. “The more liberal small-sum guaranteed loan policy of the New Area as well as the increased amount result that at least 4-5 companies come to our center for consulting the new loans policy every day. While exercising strict control in first review, we promptly report eligible declaring enterprises to help entrepreneurial people realize their business dreams.”

The reporter learned from the New Area Human Resources and Social Security Bureau that, the new policy of entrepreneurship small-sum guaranteed loan launched by Binhai New Area inspires entrepreneurial enthusiasm of the New Area entrepreneurs who successively took the initiative to apply.