Recently, many enterprises have been influenced by COVID-19. Some small and medium-sized enterprises borrow money from banks, but they are still in a hurry because they have no funds in a short time. Next, Jin Toubian Xiao introduced whether corporate loans can be extended in 2020.

In order to better cope with the epidemic situation, the China Banking and Insurance Regulatory Commission, the People's Bank of China, the Ministry of Industry and Information Technology and the Ministry of Finance recently jointly issued the Notice on Temporary Deferred Repayment of Small and Medium-sized Enterprises' Loans, which is a plan to temporarily postpone repayment of qualified small and medium-sized enterprises with temporary liquidity difficulties.

For the loan principal of difficult small and medium-sized enterprises due since June 25th, 65438+1and the loan interest payable by small and medium-sized enterprises from October 25th to June 30th, the banking financial institutions shall temporarily not repay the principal within a certain period according to the application of enterprises. The repayment date can be extended to June 30, 2020 at the longest, without penalty.