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Business Property Loan

I. Introduction
Business property loan is especially for small enterprises to expand, re-construct or renovate the business property. The stable cash flow (including but not limited to fee income, rental income and other business income) generated from the business property already in commercial operation is used to repay the loan.

II. Target Clients
Small enterprises with good business in recent years, own asset to run business, in need of funds for expansion, reconstruction or renovation of the business property.

III. Features and Advantages
1. High loan amount, up to RMB 30 million, depending on the expected net cash flow generated within the borrowing period;
2. Long loan tenure. 3 years in general, up to 5 years, determined by funding required for expansion, reconstruction or renovation of the business property, and the expected cash flow generated for the loan repayment;
3. Flexible repayment options. monthly interest payments and one-time principal repayment at the end of the loan, or periodic principal repayments and monthly interest payments. Optional grace period not longer than 6 months, only interest payments, no principal repaid during grace period.

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;
3. Business in conformity to national industry policy, normal business operation, good financial conditions, good prospect;
4. Business assets in conformity to the national rules, borrower has legal, full and independent business right and income right on the assets;
5. Business assets must be used as collateral to secure the loan. Business income and account receivables can be pledged have to be registered first;
6. Ability to fulfill the obligation of the contract and repay debt, no bad credit history;
7. Sign escrow account agreement with ICBC;
8. Other conditions stipulated by lending branch.

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.

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