Haiwen Loan, a cultural finance product jointly launched by the publicity department of Hailing district in Taizhou, Jiangsu province, and relevant departments, has officially debuted to address financing difficulties and high costs for cultural enterprises, particularly small and medium-size enterprises.
How to apply for a Haiwen Loan:
1. Relevant departments provide Industrial and Commercial Bank of China with a list of eligible cultural enterprises.
2. Qualified enterprises submit completed financing applications to ICBC.
3. ICBC conducts a preliminary review, then forwards applications to Guoxin Guarantee Co and relevant departments for approval.
4. ICBC initiates disbursement upon final approval.
5. Loan amount per enterprise is capped at 2 million yuan ($279,606.63).
Scan the QR code to download the application form.
