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  Home Page > Corporate Banking >Small Business Finance >Unique Finance Products >Trade Finance for Small Business >Merchandize Finance
Merchandize Finance

I. Introduction
An ICBC structured short-term loan to small enterprises pledged under stockpiles or inventory goods, or merchandize value receivable.

II. Target Clients
Customers who sell in bulk the raw material, manufactured goods or main goods of the company.

III. Features and Advantages
1. Free up cash stuck in inventory, maintain inventory supply for normal production while supported by bank loan;
2. Less conditions for new borrowers, as long as they have normal business, no large trade disputes or bad credit history;
3. Flexible options to secure the loan, pledge can be dynamic or static. For loans secured under dynamic pledge, ICBC allows the borrowers to store or withdraw some of pledge over the minimum for production or sales;
4. High loan amount, up to 90% of audited merchandize value.

IV. Application Conditions
1. Loan card issued by the People's Bank of China and registered under administrative department of industrial and commerce (except where not required by People's Bank of China). Annual inspection has been completed;
2. Primary settlement account or general settlement account opened in ICBC, normal business operation, good sales and purchase channel, no delinquency or other bad record, no large trade disputes;
3. Pledge should be main raw material or goods sold by the company, borrower has rich experience in managing the pledged merchandize;
4. Legal and full ownership on the pledged merchandize, no dispute on the title, goods amount or tax;
5. Pledged merchandize should be bulk raw material, very common, stable physical or chemical nature, easy to quantify, open, transparent and stable market prices.

Note: Information herein is for reference only. Refer to the announcements and regulations of local branches for further details. ICBC reserves the final right of interpretation.