Petty Loan Helps Beiben Upstream and Downstream Companies
www.chinatrucks.com: Beiben Truck set up Runfeng Petty Loan Company with registered capital 532 million Yuan in March last year to solve financing problems faced by upstream and downstream companies of Beiben Truck. Longxingweiye Auto Trade Company applied twenty million Yuan successfully, and till now they have sold out 200 trucks, 40% of their annual plan.
Beiben truck
"Business chances are always rather timely, it is very easy to slip away if no convenient and fast financing methods," explained manager in Longxingweiye Auto Trade Company.
Baotou Huaxin Machinery Company has also applied petty loans for three million Yuan, and it only took three to seven days for the whole process, and they said that it is a rather good financing channel for financial straits and cash flow problems. They have applied three million Yuan last year and they are planning to lend ten million Yuan this year.
To control risks, they are checking operation condition of the applying companies by their purchasing and finance departments.
Views:0
- Beiben Trucks Sign Strategic Deal with Huawei Cloud Computing 2024-06-12
- 50 Cases of Beiben KD Parts Sent to Russia by China-Europe Railway Express Train 2024-02-23
- CATL-Beiben Agree to Continue Working to Deepen Cooperation 2021-10-28
- Beiben Exhibited Full Electric Tractor Head at China Manufacturing Expo 2021-10-25
- Beiben Exports AMT-equipped Dump Trucks to Zambia 2021-09-13
- Beiben Officially Rolls Out its First 100 kW Hydrogen Fuel Cell Vehicle 2021-03-05
- Auto China 2020: Beiben, JMC, SAIC and BAIC Confirm to Take Part in the Show 2020-09-24
- 40 Units Beiben Electric Trucks Delivered to Angang Group for Operation 2020-07-02
- 15 LINYU Mixers with Beiben Chassis Delivered to Customer 2020-03-12
- 30 Units Beiben 2638SZ Heavy-duty Trucks Delivered to Mongolia for Operation 2020-03-02
Submit Your Requirements, We Are Always At Your Service.
- Jiefang Partners with FCTS to Develop Hydrogen-Powered Car Transport Vehicles
- Farizon Auto Sets Roadmap for Global Expansion
- JMC Assembles Kaiyun Euro 5 Models in Vietnam
- SuperPanther Teams up with DHL for Sustainable Logistics
- SuperPanther Partners with Steyr Automotive to Launch Electric Heavy-Duty Trucks
- JAC Showcases T9 EV Pickup at 2024 EVA Frankfurt Electric Vehicle Expo
- Zoomlion Reports Record Overseas Revenue Growth for H1, 2024
- Madagascar President Rajoelina Visits Foton Motor
- European Premiere for Kia PBV at IAA Hannover 2024
- SAIC Maxus RV Debuts at Düsseldorf Caravan Show in Germany
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks
- Mid-Year Pickup Market Report: JAC Exports Up 13%, JMC Exceed 36,000 Units
- Truck Exports in May 2024: China Exported Close to 65,000 Trucks
- Exports of Pickups Reached 22,892 Units in May
- Exports Surge by 157%! DFAC Exports 9,628 Vehicles from January to May
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY