Guizhou Xigong Hydraulic Co, based in the Guiyang Economic and Technological Development Zone (GETDZ) in Guiyang, capital of Southwest China's Guizhou province, is a modern high-tech enterprise mainly producing aviation products, work fixtures, hydraulic parts and other aviation parts.
Since the beginning of this year, the company has been in a state of full-load production, expanding the market to meet increasing market demand.
In April, the company received an order for high-speed rail straddle-type monorail vehicles, but it had a short-term cash flow problem, which posed a challenge for the company's development.
Companies handle business affairs at GETDZ's financial bureau. [Photo/WeChat account of GETDZ]
GETDZ's financial bureau learned about the company's situation and helped it connect with banks.
In mid-May, the company obtained a mortgage-free pure credit loan of 1.95 million yuan ($291,689.25) through a loan product of the Agricultural Bank of China.
"In less than a week, the loan reached the company's account, relieving financial pressure and buying time for the development of the company," said Zhao Saiping, the company's president.
GETDZ has established an industrial financial service system to provide professional and customized financial services for the development of enterprises, and so far this year, GETDZ's financial bureau has recommended 48 corporate loans, of which 45 were issued, with a value of 101 million yuan.