Edited by Jeremi Brewer and Stephen W. Gibson
Capital is one of the most important factors in starting a business. But for many small- and mid-sized companies, borrowing money from banks is difficult because small loans have high marketing costs. Guarantee companies provide financing strategies that give smaller companies access to capital. These guarantee companies allow clients to borrow money from banks by guaranteeing the full payback of client debts. Hanhua Guarantee, a subsidiary of Hanhua Financial Holding, is one of the largest guarantee companies in China, Hanhua’s guarantee and microcredit programs help borrowers establish small businesses. This chapter provides background information on Hanhua, explains how it assists clients in obtaining funding and business training, and forecasts possible challenges facing Hanhua in the future.
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