In recent years, micro-enterprises have emerged as new engines of economic growth. However, many micro-enterprises find it difficult to access financing because they are constrained by a variety of factors, including finance, technology and management. In this context, micro-enterprise loans have become a necessary tool, of which micro-credit is an option. However, many people are unclear about the terms of their application for micro-credit, and below we analyse it from several angles。

Conditions for the establishment of micro-loans

Enterprise access threshold

In order to apply for micro-credit, it is necessary first to meet the bank ' s business entry threshold, which refers to the bank ' s requirements for the basic registration, financial, operational and other aspects of the business. In particular, enterprises need to obtain business licences and have completed their letters of credit and good reputation. In addition to this, an enterprise needs to have a certain number of years and operational capacity to carry out normal productive activities under legal constraints and to have a better repayment capacity。

Conditions for product application

Different micro-credit products differ in the terms of application. The establishment of micro-enterprise loans requires, first of all, the provision of documentation such as business registers and tax registers, and, at the same time, the provision of certain collateral, usually including fixed assets such as property, vehicles, equipment or liquid assets such as goods, deposits, to determine the amount and duration of the loans after asset assessment compliance, which is the most basic requirement of the product. For some products with higher loan lines, banks may further consider the profitability, growth potential and market prospects of enterprises, thus making applications more difficult。

Interest rates and repayment modalities

The construction of micro-credit is divided into fixed and floating interest rates, with enterprises having to choose according to their own circumstances. The benefits of fixed interest rates are stable and predictable, but require a longer repayment period. Floating interest rates, on the other hand, are subject to fluctuations in market interest rates, which are relatively short repayment periods. In addition, repayments are an important management aspect of enterprise loans. The construction of micro-credits usually takes place in a variety of ways, such as equivalent principal repayments, repayments of equivalent principals and repayments whenever they become available, depending on the enterprise ' s business, financial position and cash flow。

In conclusion, in order to apply for micro-credit for construction, an enterprise needs to meet the threshold of entry for the enterprise, while complying with the conditions for product application and having the flexibility to choose the repayment method. Micro-credit is a good option for enterprises that have business opportunities and financing needs。