Good news! Catering giant Siebel &; Quot saved &; Quot: The bank finally made a move.

Small and medium-sized enterprises have persisted, and the support of banks is also very fast.

Seven days after Jia, the chairman of the catering group, publicly "cried for poverty", the working capital loan of Shanghai Pudong Development Bank/kloc-0.2 billion yuan entered the catering group.

Jia said that in the past few days, the government and relevant departments have recommended many financial institutions, and many banks have taken the initiative to find them. Xibei's predicament is a microcosm of the challenges faced by the catering industry, and the help Xibei has received is also a reflection of the recent "warm enterprise action" from local governments to banks. At present, a number of banks have introduced measures to help enterprises greatly affected by the epidemic, including supporting measures such as extending loans, reducing penalty interest, renewing loans, and improving business approval efficiency.

Many catering enterprises have also launched self-help actions such as developing online business, but some brokers estimate that the catering industry will usher in a wave of small business closures and mergers and acquisitions in the future, and the industry will suffer heavy losses or super SARS.

Shanghai Pudong Development Bank provides quick assistance to Xibei.

In four days, 654.38+0.2 billion loans were recorded.

On February 1 day, Jia publicly stated that due to the epidemic, 400 offline stores in Xibei were basically closed, and only 100 takeaway merchants were reserved. It is estimated that the monthly income loss before and after the Spring Festival will be 700-800 million, and the monthly expenditure of more than 20,000 employees will be around1500,000. If the epidemic is not effectively controlled, the cash flow on the enterprise account will not last for three months.

Siebel's cash flow crisis made banks act quickly.

Two days after the news came out, Liu Yongyan, vice president of Xibei Catering Group, received a phone call from Shanghai Pudong Development Bank Beijing Branch. That night, Shanghai Pudong Development Bank Beijing Branch set up a working group composed of branch leaders and multi-departments and sub-branches, and came up with a set of perfect credit and financial service solutions. The next morning, the two sides confirmed the cooperation content through video conference.

On February 6th, Shanghai Pudong Development Bank Beijing Branch completed the approval of the credit line of 530 million yuan for Xibei Restaurant. On February 7th, Shanghai Pudong Development Bank signed a guarantee contract through remote online underwriting, and landed a working capital loan of 654.38+0.2 billion yuan, granting credit to Xibei Restaurant Group.

It took Shanghai Pudong Development Bank four days from the communication between the two parties to the entry of funds.

It is understood that Shanghai Pudong Development Bank's assistance to Xibei is not only to provide loans quickly, but also to deeply intervene in the production and operation cycle of enterprises and cut into the whole business chain of enterprises.

The plan provided by Shanghai Pudong Development Bank to Xibei includes three aspects. First, provide short-term liquidity loans and trade financing lines for Xibei Catering, ease the short-term liquidity shortage of enterprises, and ensure the payment of employees' wages and the procurement of basic raw materials.

Secondly, Shanghai Pudong Development Bank provides medium-term working capital loans and "1+N" supply chain financing lines for Xibei Catering. Among them, the loan is used for corporate rent, shop renovation and other expenses. In order to replace its stock of loans due and reduce financial costs; "1+N" supply chain financing is used to solve the financing needs of a large number of small suppliers in the upstream of Xibei restaurant and ensure the stability of their supply chain.

In addition, since Xibei Restaurant is shifting its business focus to online sales and take-away services, Shanghai Pudong Development Bank uses its own platform to give full play to the advantages of channels and customer resources to help enterprises ease sales pressure.

Provide credit support

Banks have taken action to help enterprises get out of trouble.

Jia said that in the past few days, the government and relevant departments have recommended many financial institutions, and many banks have taken the initiative to find them. Xibei's predicament is a microcosm of the challenges faced by the catering industry, and the help Xibei has received is also a reflection of the recent "warm enterprise action" from local governments to banks.

Since February 2, more and more provinces and cities have introduced the "enterprise heating policy", and many banks have introduced measures to help enterprises greatly affected by the epidemic, including loan extension, penalty interest reduction, loan renewal, and improving business approval efficiency.

On February 7th, the Export-Import Bank said that the small and medium-sized enterprises and wholesale, retail, logistics and transportation industries in Hubei Province, which were greatly affected by the epidemic, would be exempted from the loan interest for the whole month of February, so as to take practical actions to reduce the impact and financial burden of the epidemic on the production and operation of related enterprises, and join hands with enterprises to overcome the difficulties and help enterprises tide over the difficult period and restore stable development. This arrangement involves loans of nearly 654.38+06 billion yuan, with an interest-free amount of about 600 million yuan.

On February 5th, Zheshang Bank responded to the deployment call of the central bank, China Banking Regulatory Commission, Zhejiang Provincial Party Committee and provincial government, and launched six measures to support Wechat business, involving loan grace, voluntary renewal of loans, credit enhancement and green channel. For example, in providing grace period service, February 3, 2020 to March 20, 2020 is set as the policy grace period (adjusted according to the change of epidemic situation). During the policy grace period, if the small and micro enterprises in the relevant industries affected by the epidemic are temporarily unable to repay the loans due and overdue, the penalty interest and compound interest will not be calculated, and the customer's credit history will not be affected.

On February 6th, Industrial Bank further launched special support measures from the aspects of credit policy, green channel, technology application, credit guarantee and due diligence exemption mechanism, and joined hands with small and medium-sized enterprises to tide over the difficulties and develop steadily. Among them, wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries that have a great impact on the epidemic, as well as enterprises that have development prospects but are temporarily in trouble due to the epidemic, can be eligible for loan extension, extension or renewal for up to six months. Reduce overdue interest and penalty interest for small and micro enterprises in national standards, and support related enterprises to overcome the impact of the epidemic by reducing loan interest rates, increasing credit loans and medium and long-term loans.

Shanghai Pudong Development Bank has formulated five types of emergency financing schemes for small and micro enterprises. Through measures such as loan extension, adjustment of interest payment methods for unexpired loans, and reduction of penalty interest, we will effectively help trapped enterprises reduce their debt repayment pressure and fully support them to resume production and operation.

CCB's credit approval line has taken nine measures to ensure the timeliness of approval decision-making, and mentioned that the application procedures for refinancing business should be optimized for enterprises greatly affected by the epidemic.

Severe or super SARS

The catering industry actively saves itself.

The aid policies of the government and banks have followed, and the catering industry is also actively helping itself.

In a letter to 265,438+0,870 employees, Jia mentioned that due to the sudden outbreak of the epidemic, all catering industries in Xibei and China are experiencing an unprecedented test, and more than 4/5 stores in Xibei have closed their catering business due to the epidemic. Gradually open the take-away business, and now nearly 200 stores are operating stably, and the performance of take-away is also improving. In addition, the company has also thought of many ways to tide over this difficulty. The staff at the headquarters took the lead in expressing their willingness to delay receiving wages and fully support the front-line partners.

In addition to take-away business, Xibei and Meizhou Dongpo also join hands with Daily Fresh Food to process raw vegetables into standard clean vegetables piece by piece. Catering enterprises mainly provide warehouses and human resources.

Last week, catering enterprises such as Haidilao and Xibei joined JD.COM. COM's "catering retail development alliance" promotes the development of semi-finished fast food production by catering brands.

Meizhou Dongpo also launched a convenient "cheap food station". Using the company's own grain reserves and resource supply chain, we will provide cheap fruits, vegetables, spices, fresh, finished products and semi-finished products from Sichuan to people in all cities, and lead the company to sell vegetables in front of its own stores.

However, more and more small and medium-sized catering enterprises still face the difficulties of assistance and self-help. Some brokers predict that the catering industry will suffer or exceed SARS.

Wanlian Securities said that the catering and tourism industry has been hit hard under the epidemic, and its impact may exceed that of SARS, and the industry is expected to reshuffle. /kloc-more than 0/00 scenic spots closed, and many enterprises closed down. Many places also issued urgent notices, requiring local restaurants and hotels to suspend business. The people also responded to the government's initiative and resolutely stayed indoors, which brought a huge blow to the industry. Moreover, it is the Spring Festival Golden Week, and the impact on the industry throughout the year may exceed that during the SARS period. The epidemic may cause a large number of small and medium-sized enterprises to close down and merge, and the industry will reshuffle, which is beneficial to leading enterprises.

Huachuang Securities also said that many restaurants have closed down recently, and the passenger flow of restaurants that have been opened is about 20-30% of usual. It is expected to resume after the holiday, but it is difficult to resume before the inflection point of the epidemic. So restaurants are losing money during the Spring Festival. After the holiday, it is very likely to operate around the variable cost line, and more small and medium-sized restaurants will close.

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Source: China Foundation.