To fully support the development of regional entrepreneurial and innovative entities and cultivate and serve new productive forces, China Guangfa Bank Zhaoqing Branch actively embraces national strategies, keeps the "top priorities of the country" in mind, and uses financial living water to push financial resources toward innovation. It became an important partner of the first Zhaoqing "Zhao Chuang Cup" Entrepreneurship and Innovation Competition and "Entrepreneurship Star" event, not only sending a professional financing team to participate in on-site activities, but also specially setting up an on-site pre-credit link. Through face-to-face exchanges with contestants, it learns in detail about enterprises' financing needs, effectively solving their urgent financing difficulties, and fully supporting the development of entrepreneurial and innovative groups.
Guangdong PTFE Products Factory Co., Ltd., which belongs to the "Wealth Creation Group" of this competition, mainly engages in the production and sales of Polytetrafluoroethylene (PTFE) thread seal tape, wire wrapping film, and thread sealing cord, and focuses on the R&D and production of thread seal tape. The company's "FORWA" trademark was rated as a "Famous Trademark of Guangdong Province." It participated in drafting the industry standard "Polytetrafluoroethylene Un-sintered Tape (Thread Seal Tape)." Its product quality is in a leading position in the industry, and it is a relatively typical innovative enterprise locally. China Guangfa Bank Zhaoqing Branch learned that due to fluctuations in the price of Polytetrafluoroethylene (PTFE), the main raw material required for the company's production in recent years, the enterprise urgently needed a sum of funds for raw material procurement and capital recovery, to actively expand new raw material suppliers, maintain reasonable inventory, and ensure production and operations. The bank immediately matched needs, conducted due diligence, learned in detail about the enterprise's production scale and daily operations, jointly discussed a financing plan with the enterprise, and successfully granted a formal credit of 10 million yuan to the enterprise within a short period.
"China Guangfa Bank's loan efficiency this time was very high, helping us solve the current operating difficulties and giving the enterprise a solid backing for subsequent development!" said the company's person in charge.
Relevant professionals from the bank said that China Guangfa Bank Zhaoqing Branch has always attached great importance to the financial service needs of science and technology innovation enterprises, actively responded to the strategy of financial support for the high-quality development of specialized, refined, distinctive, and innovative enterprises, and effectively improved the quality and efficiency of financial services by optimizing financial products and streamlining business processes. In the future, it will further strengthen government-bank-enterprise communication, explore more diversified and deeper cooperation models, provide efficient, convenient, and low-cost financing channels for entrepreneurs and innovators, and inject new vitality into regional economic development.