commercial factoring by non bank financial institutions to carry out factoring, refers to the sale of goods suppliers will be entered into with the buyer (service) generated by the contract transferred to accounts receivable factoring company, by factoring companies to provide trade financing, accounts receivable management and collection and other comprehensive business services.
2016 new three board market is a new phenomenon, the rise of debt financing. Especially since the second half of 2016, equity financing into the freezing point, in order to ease the tight flow of funds, the new board of three companies trying to diversify financing instruments, debt financing has become a new hope for some corporate finance.
thirst for funding, the new board to carry out multi-channel debt financing
on the one hand, with the new third market set by the cold, many new board companies are complaining about financing, when the winter capital, institutions for capital investment are carefully.
on the other hand, the traditional way of corporate financing is equity financing, for the growth of the enterprise, the rapid spread of control is not conducive to the management of the company.
companies need funds, but also do not want to dilute equity, how to do?
is popular in the market for some practical solutions to debt financing, the new board companies are as follows:
as pressing danger.
first, equity pledge loans
equity pledge loan refers to the loan secured by the borrower or the third party in accordance with the pledge method provided by the guarantee law.
, listed after the share reform and a series of standardized operation, improve the credit level of the new board of enterprise, enterprise held by the shareholders of shares pledged to the bank, get a loan from the bank line of credit.
equity pledge loans, mainly from the second half of 2016, currently occupy most of the new three board debt financing, and mainly from joint-stock commercial banks.
two, SME private debt
small and medium enterprises private debt is not listed small and micro enterprises to non-public issuance of corporate bonds, since the launch in May 2012, is a convenient and efficient way of financing, the advantages are:
(1) issued the audit to take the record system, the approval cycle is short;
(2) is relatively flexible use of funds, enterprises can be arranged according to their own business needs;
(3) longer than bank loans, usually two years;
(4) integrated financing costs lower than the trust funds and private lending.
, however, the shortcomings of small and medium enterprises private debt is also obvious, only to qualified investors to issue, but the liquidity is not high, only between qualified investors, in the form of agreement transfer.
so, after experiencing the first wave of hot, and now private SMEs