Loading...
Home >> Invest & Policies
FPSP: Funding Program for Small and Medium Enterprises (SME) and Processing Trade Enterprises (PTE)
http://www.dongguantoday.com    8/10/2009 7:42:00 PM

FPSP, a special fund of 1 billion yuan, was launched by the government of Dongguan to help small and medium enterprises (SMEs) and processing trade enterprises (PTEs) alleviate funding pressure and assist them to ensure a smooth industrial transformation and upgrade.

Guidelines for applying for FPSP support

According to The Divisions on Small and Medium Enterprises and Processing Trade Enterprises Funding Program (FPSP) manual, these guidelines have been drawn up to assist SMEs and PTEs in easily obtaining financial aid.

1. Apply to get listed in the FPSP Enterprise Database

To apply to be listed in the Database, eligible enterprises should submit two copies each of the documents listed below. SMEs apply to town/subdistrict offices of the Bureau of Economy and Trade (BOET), while PTEs apply to town/subdistrict offices of the Bureau of Foreign Trade and Economic Cooperation (BOFTEC).

• Application Form for Accreditation of Key Small and Medium Enterprises or Application Form for Accreditation of Key Processing Trade Enterprises
• Business license, organization code certificate, tax registration certificate, identity documents of the legal representative or shareholders (cooperate shareholder business licenses, if available)
• Valid qualification documents including, but not limited to, award certificates, project contracts, government documentation, etc.

The Database is finalized and list members notified by BOET.

2. Apply for FPSP financial aid

The enterprises listed in the enterprise database can apply for financial aid in two ways. They can obtain a loan directly from banks or obtain a credit guarantee from guarantee institutions.

Apply for loans

Eligibility and procedures

(a) Documents to be submitted by applicants:

• Business license and legal representative code certificate (annually inspected)
• Tax registration certificate and approval to open a bank account
• Credit certificate (annually inspected)
• Articles of association
• Capital verification report
• Corporate establishment approval, partnership contract and foreign exchange registration certificate (applicable for PTEs only)
• Corporate profile
• Identity document or ID card of the enterprise legal representative
• Financial statements for the last 3 years (or audit report), and financial statement of the previous month before application
• Credit application letter
• Resolutions made by the enterprise board of directors or shareholders
• Signatures of enterprise board members and shareholders
• Proof of purpose of credit
• Specific documents requested by the applicant’s bank

(b) Documents to be submitted by credit guarantors:

• Business license and legal person code certificate (annually inspected)
• Tax registration certificate and approval to open a bank account
• Loan certificate card (annually renewed)
• Articles of association and capital verification report
• Corporate profile
• Identity document or ID card of the legal representative
• Financial statements for the last 3 years (or audit report), and financial statements of the previous month before application
• Written application for corporate credit
• Resolutions made by the enterprise board of directors or shareholders
• Signatures of the enterprise board members and shareholders
• Other materials required by the applicant’s bank

(c) Documents to be submitted when collaterals are provided:

• Proof of property right of collaterals provided
• Property right certification of the pledge and pledge agreement
• Other documents required by the bank
• Pledge evaluation report issued by certified evaluation agencies

NOTE: All the above documents submitted should be stamped with the corporate seal to authenticate.

(d) Procedures

[1] [2] [Next]
Source:www.dgtoday.com.cn/ Dongguan Bureau of Foreign Trade and Economic Cooperation  Editor: Tan Jing
 
Highlights
The Opening Ceremony of Dongguan Today
Lion (Dragon, Kylin, Phoenix) Dance
Inheriting of humanistic spirit city
the cultural life of Dongguan's people is colorful and reflected
Cultural Weekend
Metropolitan Rainbow
The New Eight Sceneries
Misty Rains of Songshan Lake
Morning Light upon the Avenue
Central Square
Humen Bridge
Greenery of Gradation in Huying
Scent of Blossoms in Banling
Herons of Lotus Mountainr
Moon Reflection over Jinsha Bay
The Eight Relic Sceneries
Heroism at the Old Fortress
Enchantment in Keyuan Garden
City Gate of Fortune
Prehistoric Haogang
Huangchong Ancestral Temple
Nanshe Village’s Charm
The Jin’ao Tower Silhouette
Prowess of Dongzong