Many banks focus on building loan packages specifically for the Micro Enterprise Customer segment with extremely flexible mechanisms and many suitable incentives.
Micro-enterprises easily access bank capital In the period of 2022-2030, the Small and Micro-Enterprise Community (One Business Connection - abbreviated as OBC) predicts that Vietnam will have about 2.4 million small and micro-enterprises. This is also a group of enterprises that accounts for a large proportion (more than 60%) of the total number of enterprises operating in Vietnam. Despite their high proportion, micro-enterprises are considered the most vulnerable business group in the economy , especially the shock after the Covid-19 pandemic. The difficulty of this group of enterprises also comes from limited access to loan capital. The main reason is that most micro-enterprises started as spontaneous businesses, individuals and households opening small shops, the business plan is not really systematic, the financial resources of the enterprise are still limited, and the collateral is not enough to borrow large capital. In addition, many business owners are still hesitant because of high bank interest rates and complicated loan procedures. The above difficulties and concerns of businesses are completely justified. However, recently, when the Government and the State Bank issued a Resolution to support businesses to adapt, recover quickly, and develop sustainably, many banks have paid special attention to building loan packages specifically for the Micro-enterprise Customer segment with extremely flexible mechanisms and many suitable incentives. LPBank provides loans with preferential interest rates Right in March 2024, when the economic market begins to grow, it is also the time when businesses need capital to conduct business activities, especially the group of micro-enterprises. Grasping the needs and desires to encourage and create favorable conditions for this group of customers to expand their scale and improve their business, LPBank has allocated a large amount of funding through the program "Super-fast loans - Accelerate business".
LPBank provides large funding sources for micro-enterprises through the program "Super fast loans - Accelerate business".
Accordingly, the financing package launched by LPBank meets a variety of credit needs for businesses to serve production and business activities, including: Working capital loans for production and business development, issuance of bid guarantees and other payment guarantees, etc., issuance of L/C; Loans for investment in machinery and equipment; Loans for purchasing cars for business, transportation, travel purposes, etc. In particular, customers have the opportunity to disburse loans of up to 7 billion VND, with attractive loan interest rates from only 6.5%/year, flexible loan terms of up to 12 months for loans to supplement working capital and up to 84 months for loans for investment in fixed assets and loans to purchase cars. The highlight of this funding package is that LPBank has developed and standardized a set of specific credit conditions for micro-enterprises in the form of "punching holes" with streamlined processes and procedures, quick disbursement, and timely response to the needs of businesses. To access capital effectively, safely and flexibly anywhere, businesses can contact LPBank Branches/Transaction Offices nationwide for support. Or contact the hotline: 1800 57 77 58/ 02462 668 668. Details about the program here .| With the advantage of being one of the commercial joint stock banks with a large network in 63 provinces and cities nationwide, LPBank strives to bring many financial solutions to the micro-enterprise community. At the same time, with the diversity of products and services while continuously improving the process to minimize loan documents and procedures, LPBank is ready to receive and resolve all questions, helping businesses confidently develop. |
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