Hubei Loadtec Machinery Equipment Co., Ltd. has been approved for foreign exchange financing credit.

Recently, Hubei Loadtec Equipment Machinery Co., Ltd. successfully obtained a credit line of 3.76 million yuan for "foreign exchange accounts receivable financing" from the Xianing branch of China Minsheng Bank through the cross-border financial service platform of the State Administration of Foreign Exchange. They also completed an online self-service withdrawal of 1.36 million yuan, marking the first breakthrough in cross-border financial service platform foreign exchange accounts receivable financing in Xianing City.

It is understood that Hubei Loadtec Equipment Machinery Co., Ltd. is a small foreign trade enterprise in Xianing City, mainly engaged in the production and sales of automotive parts, with products exported worldwide. Due to the mismatch between export receipts and production operation periods, the company frequently faces small financing needs, making financing difficult and cumbersome. Under the guidance of the Xianing branch of the State Administration of Foreign Exchange, in December 2023, Minsheng Bank obtained the company's international payment and receipt declaration data, export customs declaration status, and related credit information through the cross-border financial service platform, successfully applying for a credit line of 3.76 million yuan for one year of revolving use.