Legal Analysis: The COVID-19 epidemic has led to the shortage of short-term loans for enterprises. Banks should actively communicate with financial institutions on the actual situation, provide valid assets certificates, contracts to be performed and other supporting materials, strive to obtain green channel services from financial institutions, negotiate the repayment period or extension of short-term loans, and reduce the repayment pressure.

Legal basis: Article 3 of the Notice on Further Strengthening Financial Support for the Prevention and Treatment of New Coronary Artery Infections, loans may be extended or renewed for severely affected enterprises that have difficulties in repayment due. Support related enterprises to overcome the impact of disasters by appropriately reducing loan interest rates, increasing credit loans and medium and long-term loans. Government financing guarantee re-guarantee institutions at all levels should cancel the counter-guarantee requirements and reduce the cost of guarantee and re-guarantee. For the financing guarantee re-guarantee institutions in the severely affected areas, the national financing guarantee fund will charge the re-guarantee fee by half.