People from the All-China Federation of Industry and Commerce said that more than 90% of small and micro enterprises in China have difficulty obtaining bank loans directly. However, small and micro enterprises have long been the capillaries of the national economy, and their status is not insignificant. Faced with such a huge economic market, some banks with keen sense of smell have already set their sights on it.

There are currently more than 5 banks involved in small and micro businesses on the market. These banks provide high-value credit card products to business owners, with the maximum loan limit even reaching 10 million. Small and micro enterprises have become the “blue ocean” market that banks attach great importance to. In this area, banks are gearing up and going all out.

At present, the credit card business is gradually participating in small and micro finance, and many banks are booming in the business of issuing small loans through credit cards. Credit cards have broken through the scope of consumption and extended their reach to small and micro loans. Under the credit limit, using it to borrow money is still its biggest advantage.

However, the path for banks to innovate small and micro finance through credit cards is not so smooth.

Two years ago, Hangzhou Bank tried to use credit cards as a carrier to issue small loans of less than one million to individual industrial and commercial households. However, it was stopped by the China Banking Regulatory Commission at the beginning of this year because regulatory regulations stipulated that bank cards can only be used for consumption and not for business. As of the end of May, the bank received feedback from the regulatory authorities and allowed the bank to conduct a pilot project of credit card issuance of small and micro loans.

Whether it is the regulations on credit card business management or the daily regulatory documents and notices of the China Banking Regulatory Commission, there has been no clear conclusion on "the use of credit cards for commercial loans". However, judging from the current situation, the China Banking Regulatory Commission has not completely stopped this type of innovative business of credit card issuance of small and micro loans.

There is more than one bank like Bank of Hangzhou that develops financing channels for small and micro enterprises through credit cards. As a supplement to corporate loans, Bank of China), China Merchants Bank, China Minsheng Bank, China Guangfa Bank [Weibo], etc. has launched a high-limit credit card product for business owners.

Minsheng Bank’s newly launched e-loan credit card is mainly aimed at small and medium-sized online e-commerce companies and business owners who rely on electronic payments and transactions. Once approved, it can be used repeatedly for three years, and 90% of the limit can be withdrawn by telephone transfer. There are two billing methods: daily billing and installment billing.

Difficulty in financing and single financing channels have always been bottlenecks restricting the development of small and micro enterprises. In the financial market, large companies can raise funds by going public and issuing corporate bonds, while high-tech companies are easily favored by angel investments and venture capital. But what is most lacking in the market are small and medium-sized enterprises and agricultural financial services. Small and micro enterprises have a strong willingness to lend, but the supply is insufficient.

“Private lending, interest rates are too high. In the past, mortgages were usually a prerequisite for bank loans. Small businesses like us usually don’t have decent collateral, so it’s difficult to get a loan. Now Shen Jinfu The platform specializes in matching loans for small and medium-sized enterprises, so it is much easier for us to get loans," said Zhao Zhu, a small business owner who obtained a loan through the Shenzhen Jinfu platform in February this year.

"Currently, it seems that small and micro businesses are the best. Corporate customers account for the vast majority of the total customers of small and medium-sized enterprises. In fact, they also have needs for financing and loans. It is just that traditional private lending and bank lending channels are not suitable for them, so they have no money to borrow," said the person in charge of Shenzhen Jinfu Platform. Related questions and answers: