Hubei Loadtec Machinery Equipment Co., Ltd. is innovating and developing, with financial support reaching new heights.

Recently, Hubei Loadtec  Machinery Equipment Co., Ltd. has made significant progress in enterprise development and financial cooperation, demonstrating strong development vitality and potential.

As a small foreign trade enterprise mainly engaged in the production and sales of automotive parts in Xianning City, Hubei Loadtec  Machinery Equipment Co., Ltd.'s products are exported globally, including Australia, Dubai, Malaysia, Russia, and regions such as Hong Kong, Macau, and Taiwan in China. However, due to the mismatch between export collection and production operation periods, the company frequently faces small amounts of working capital needs, making financing difficult and complicated.

Under the guidance of the Xianning Branch of the Foreign Exchange Administration, in December 2023, China Minsheng Bank Xianning Branch obtained the international balance of payments declaration data, export customs declaration status, and related credit information for the company through the cross-border financial service platform of the State Administration of Foreign Exchange, successfully applying for a credit limit of 3.76 million yuan for one year of revolving use for Hubei Loadtec Machinery Equipment Co., Ltd. Additionally, it achieved an online self-service withdrawal of 1.36 million yuan, marking the first breakthrough in foreign exchange accounts receivable financing on the Xianning cross-border financial service platform. This not only solved the company's financing difficulties but also simplified the loan process and procedures, reducing operational costs and providing strong financial support for the stable development of the enterprise.

Hubei Loadtec  Machinery Equipment Co., Ltd. is located at No. 36 Juning Avenue, Xiang'an District, Xianning City, Hubei Province, covering an area of 12,000 square meters of production workshop, equipped with advanced production and testing equipment. The company focuses on producing automotive hydraulic lifting tailboards and related hydraulic products, while also dedicated to the research and application of new technologies, new processes, and new materials. In recent years, the company has successively launched lightweight tailboards mainly made of high-strength materials and a new type of tailboard that combines composite materials with the compartment door and tailboard, breaking traditional thinking patterns. The products have received widespread recognition and praise in domestic and international markets, exported to regions such as the Americas, Asia, Oceania, and the Middle East, establishing a good brand image.

In the future, Hubei Loadtec  Machinery Equipment Co., Ltd. will continue to increase investment in technology research and development and product innovation, continuously improving product quality and market competitiveness, while actively utilizing financial tools and policy support to further expand international markets, achieve sustainable development for the enterprise, and make greater contributions to the economic development of Xianning City.