Without real estate collateral or third party guarantees, the Shanghai venture enterprise Shanghai Hui Rui computer technology Co., Ltd. has won 500 thousand yuan of working capital loans under the support of the "university student enterprise credit guarantee fund".

Shanghai Hui Rui computer technology Co., Ltd. is one of the projects funded by Shanghai science and technology foundation. The main business of the company is cosmetics sales based on B2C's e-commerce platform.

Over the past two years, the volume of trading on the platform has grown from dozens of varieties and monthly sales to less than 50 thousand yuan, and has grown to hundreds of varieties and monthly sales are close to 700 thousand yuan.

Wang Yu, the company's legal representative, said that the goal of the next three years is to expand the varieties to tens of thousands of retail sales platforms with a monthly turnover of over ten million yuan, but to reduce the shortage of hot selling varieties, the company needs to increase the working capital for stock and apply for loans to the bank. The bank's answer is often: either you have the real estate as collateral, or there are large enterprises to guarantee for you.

This is a difficult problem for newly graduated college graduates.

At the end of last year, the Shanghai University Science and technology venture foundation and the Shanghai branch of China Merchants Bank and Yangpu District small and medium enterprises credit guarantee center of Shanghai set up the "credit guarantee fund for Shanghai university students' start-up enterprises", which is aimed at all the start-ups funded by the Shanghai University Students' science and technology venture foundation, providing them with a single loan amount of less than 500 thousand yuan and a term of one year's working capital loan.

Unlike in the past, loans to eligible enterprises generally do not require real estate collateral or third party guarantees.

In addition, in order to reduce the financing cost of the venture enterprises, the guarantee fee will be fully subsidized to the loan enterprises by 50% of the foundation and the investors in the district respectively.

At present, 5 college students have submitted a loan application, in which Shanghai Hui Rui computer science and Technology Co., Ltd. took the lead in obtaining 500 thousand yuan of liquidity loan, and Shanghai ruizon Die Co., Ltd. has also obtained a loan of 250 thousand yuan.