The Temporary Loans refer to the short-term loans that ICBC grants to borrowers’seasonable or temporary purchasing capital requirements in their daily productions and operations with their corresponding products (commodities) sales revenues and other legal earnings as loan repayment sources.
ICBC follows the principal of "Specify loan applications, effectuate repayments, monitor entire loan process, and take the funds back whenever available" to manage the temporary loans.
II. Application Conditions
Borrowers comply with related rules and regulations with healthy business operations, and have no bad credit records in bank financing; possess fine product and service quality, good contract performance records, and fine as well as stable supply and demand relationships with upstream and downstream customers; and meet the other requirements specified by ICBC.