1. Production and operation funds: Small and micro enterprises can use loan funds to pay employees' salaries, purchase raw materials, purchase equipment and facilities, etc. Support normal business activities.
2. Technological transformation and upgrading: Small and micro enterprises can use loan funds to purchase modern equipment, carry out technological transformation and upgrading, improve production efficiency and product quality, and enhance competitiveness.
3. Develop the market and expand the scale of operation: The loan funds can be used for enterprise marketing, product research and development, brand building, new business or new market expansion to help enterprises expand their scale of operation.
4. Increase investment in fixed assets: Small and micro enterprises can use loan funds to purchase fixed assets such as land, factories and office equipment to support their long-term development.
5. Increase liquidity: Compared with traditional large enterprises, small and micro enterprises usually face the problem of difficult capital turnover. Loan funds can be used to solve the short-term liquidity needs of enterprises and ensure normal operation.
It should be noted that different farmers' microfinance products may have different specific uses and requirements. When applying for loans, enterprises need to choose appropriate loan products according to their actual conditions and needs, and abide by relevant loan contracts. At the same time, when using loan funds, we should also plan and manage them reasonably to ensure the effective use of funds and repayment ability.