Preferential Policies for Entrepreneurship Loans for College Students

(1) College graduates who start their own business within two years after graduation must apply for a business license from the industrial and commercial department where the entrepreneurial entity is located, and the registered capital (this) is If the amount is less than 500,000 yuan, it is allowed to be paid in installments. The first installment of the capital shall not be less than 10% of the registered capital (the amount of capital contribution shall not be less than 30,000 yuan). The paid-in registered capital shall be increased to more than 50% within one year, and the balance can be paid in 3 It will be paid in installments within the year.

(2) Enterprises or business units newly established by college graduates in the consulting, information, and technical service industries will be exempted from corporate income tax for two years upon approval by the tax department; newly established enterprises engaged in transportation, postal and telecommunications Enterprises or business units, with the approval of the tax department, are exempted from corporate income tax in the first year and halved in the second year; newly established enterprises engaged in public utilities, commerce, material industry, foreign trade, tourism, logistics, warehousing Enterprises or operating units in the industry, resident service industry, catering industry, education and culture industry, and health industry are exempted from corporate income tax for one year with the approval of the tax department.

(3) State-owned commercial banks, joint-stock banks, urban commercial banks and qualified urban credit cooperatives in various countries should provide small loans to self-employed graduates, simplify procedures, and provide convenience for account opening and settlement. The loan amount is about 50,000 yuan. The maximum loan period is two years. If it is determined to be extended upon expiration, you can apply for an extension. The loan interest is determined according to the loan interest rate announced by the People's Bank of China. The maximum guarantee limit is 5 times the guarantee fund, and the term is the same as the loan term.

The above preferential policies are formulated by the state for all college students who start their own businesses. In order to support local college students to start their own businesses, local governments have also introduced relevant policies and regulations, which are more detailed and closer to reality. For example: According to relevant regulations of the state and the Shanghai Municipal Government, fresh college graduates starting their own businesses in Shanghai can enjoy four preferential policies: free risk assessment, free policy training, free loan guarantees and partial tax exemptions.

Borrowers applying for personal business loans must meet the following conditions:

1. Have full capacity for civil conduct and be under 50 years old.

2. Hold an industrial and commercial business license, tax registration certificate and relevant industry business license issued by the industrial and commercial administration authority.

3. Engage in legitimate production and business activities, the project has development potential or market competitiveness, and has the ability to repay the principal and interest of the loan on schedule.

4. Have good credit standing, comply with laws and regulations, have no bad credit and debt records, and be able to provide mortgages, pledges or guarantees recognized by banks.

5. Have a fixed residence and business premises in the handling institution.

6. Other conditions specified by the bank.

Loan amount, term and interest rate:

1. The maximum amount of personal business loan shall not exceed the working capital required by the borrower for normal production and business activities, purchase (installation or repair) of small equipment ( machinery) and 70% of the total funds required for franchise chain operations.

2. The term of a personal business loan is generally 2 years, with a maximum term of no more than 3 years, of which the maximum term of a production and operating working capital loan is 1 year.

3. Personal entrepreneurial loans are subject to the term loan interest rate promulgated by the People's Bank of China, which can fluctuate up or down within the prescribed range.

Loan repayment method:

1. For personal business loans with a loan period of less than one year (including one year), the principal and interest will be repaid in one lump sum upon maturity, and the interest will be paid off along with the principal.

2. For personal entrepreneurial loans with a loan term of more than one year, the principal and interest repayment method of the loan can be the equal principal and interest repayment method or the equal principal repayment method, or it can be repaid in other ways agreed upon by both parties.

Loan applicants need to provide application materials:

1. Identity documents of the borrower and spouse (including original resident ID card, household registration booklet or other valid residence certificate) and proof of marital status ;

2. Documents proving the repayment ability such as personal or family income and property status;

3. Business license and operating license of related industries, relevant agreements for loan purposes, Contract or other information;

4. Guarantee materials: the ownership certificate and list of the collateral or pledge, proof that the person with the right to dispose of it agrees to the mortgage (pledge), and the mortgage certificate issued by the evaluation department recognized by the bank. (Pledge) Valuation report of collateral.