In order to ensure the supply of important medical supplies and daily necessaries for the prevention and control of the epidemic, the central government has introduced the policy of discount interest on loans to enterprises and set up the special re-loan to offer enterprises credit and fiscal interest discount. Up to now, the number of enterprises that have received special re-loan support in Shandong has reached 348, accounting for 9.87% of the total in China.
Among the 384 enterprises, 232 have obtained loans of 5.857 billion yuan with preferential interest rate. The loan amount of each enterprise is around 25 million yuan, with a weighted average interest rate of 2.57%. It’s estimated that each enterprise can obtain discount interest of 76 million yuan from the central government, with the actual interest rate of 1.29% after the discount. The financing cost of enterprises has been significantly reduced. In terms of the number of enterprises obtaining the loan, private enterprises and small and micro enterprises benefit significantly.