Wuhan College Student Entrepreneurship Loan

1. Which graduates can apply for small guaranteed loans?

Any college graduate who has a household registration in Wuhan, independently founded and led an economic entity or enterprise, and registered in accordance with the law, and who has graduated in the past three years can apply for a small guaranteed loan.

2. What procedures need to be followed to apply for a small secured loan?

1. College graduates submit a loan application to the Municipal Talent Service Center;

2. The Municipal Talent Service Center preliminarily reviews relevant materials and recommends them to the Municipal Small Guaranteed Loan Fund Management Committee Office;

3. After review and approval by the Municipal Small Guaranteed Loan Fund Management Committee Office, it will be sent to the loan guarantee agency for review;

4. The loan guarantee agency confirms the loan guarantee amount, period, and risk prevention measures . After the fiscal discount interest meets the regulations, a "Guarantee Commitment Letter" will be issued and sent to the handling bank;

5. After the handling bank confirms that the loan guarantee amount, term, purpose, interest discount, and repayment ability meet the regulations, it will process Loan procedures.

3. What materials are needed to apply for a small guaranteed loan?

If you are engaged in self-employment, you must provide the following 1---7 materials;

If you operate a partnership or start a small business, you must provide the following 1---3 and 5---13 item material.

1. Graduation certificate; 2. Personnel files; 3. Original and copy of resident ID card and household registration; 4. Original and copy of individual business license or business license approved and issued by relevant departments The original and copy of the certificate; 5. The use and repayment plan of the loan; 6. "Application Form for Small Guaranteed Loans for College Graduates in Wuhan"; 7. "Credit Guarantee Approval Form for Small Guaranteed Loans for College Graduates in Wuhan"; 8. The original and copy of last year’s accounting final accounts and the most recent month’s accounting statements audited by an accounting (auditing) firm; 9. Original and copy of capital verification report; 10. Company articles of association and agreement; 11. Original organization code certificate and photocopy; 12. Original and photocopy of tax registration certificate (national tax and local tax); 13. Resolution of shareholders’ meeting or resolution of partners’ meeting.

Note: The "Application Form for Small Guaranteed Loans for College Graduates in Wuhan" and the "Credit Guarantee Approval Form for Small Guaranteed Loans for College Graduates in Wuhan" can be downloaded from the China Wuhan Talent Market website or go to the city's talent pool Pick up at the service center.

4. What is the amount of small guaranteed loan?

In principle, the loan amount shall not exceed 20,000 yuan. If it is a partnership, the maximum amount shall not exceed 50,000 yuan.

5. How long is the term of a small secured loan?

The loan term is generally 2 years (can be extended for one year, up to 3 years).

6. What is the interest rate for small secured loans?

The loan interest rate shall be based on the loan interest rate announced by the People's Bank of China for the same period; the repayment method and interest calculation method shall be agreed upon by both parties.

7. What preferential policies can those who use small secured loans to engage in low-profit projects enjoy?

Those engaged in low-profit projects will have their interest subsidized by the government within the two-year loan period.

8. Which projects are low-profit projects?

Low-profit projects refer to individual business projects such as commerce, catering and repair in communities, streets, industrial and mining areas, etc., including: cottage industry, repair and repair, book lending, hotel services, catering services, laundry services, etc. Dyeing and sewing, photocopying and typing, hairdressing, small dining tables, canteens, moving, hourly services, home cleaning and hygiene services, primary health care services, infant and child care and education services, education, training and care services for disabled children, elderly care services, patient care, infant and childcare services Student transfer service.