I. Introduction Turnaround Limited Loans refer to the ones that ICBC grant to its borrowers to meet their capital shortage requirements from confirmed daily operating demands with specified and predictable operating revenues as loan repayment sources.
II. Target Client Turnaround limited loans are applicable to the borrowers who are directly related to the capital demands and daily operations.
III. Application Conditions Applications must be in accordance with the state industry policies and ICBC’s credit policies; the borrowers are in normal productions and operations with stable development outlooks; and the applications must also be in line with the other requirements specified by ICBC.