Some banks "untie" Hougu Coffee and agree to the policy of "lending the new to the old".

Reporter Liu Yong reported: the debt crisis of Yunnan Hougu Coffee, the boss of domestic coffee, has finally taken a turn for the better! The reporter learned from the company that after paying attention to Hougu Coffee's determination to give up high-interest private lending to maintain the status quo of short-term bank lending and preparing to face the debt crisis, some banks approved the policy of "lending new and returning old" short-term liquidity to Hougu Coffee, supporting the "loosening" of Hougu Coffee.

Xiong Xiangren, chairman of Hougu Coffee, told Yangcheng Evening News that the Bank of China and the Industrial and Commercial Bank of China were the first to put forward and go through the procedures of "repaying the new and returning the old" for 250 million yuan and 78 million yuan of short-term loans for Hougu Coffee, respectively. the term is three years for the Bank of China and one year for the Industrial and Commercial Bank of China, provided that the interest must be repaid in accordance with the new agreement. This move has greatly reduced the debt burden of Hougu Coffee, enabled enterprises to pay more attention to operation and management, and enhanced their confidence and determination to get out of the predicament as soon as possible.

According to reports, Hougu Coffee currently has total assets of about 3.9 billion yuan and bank liabilities of 2 billion yuan. Since the second half of last year, the maturity of bank loans in Yunnan Province as a whole has been shortened, and many of the previous two-to three-year loans have been changed to short-term loans of three months. this makes many entity enterprises, including Hougu Coffee, have to use private loans to maintain bank repayment, making them trapped in the swamp of debt crisis. "I spend 80% of my time on financing, dreaming about how to raise money to turn around." Xiong Xiangren frankly said that Hougu Coffee's debt crisis is only a microcosm of the predicament of real economic development, and hopes that financial institutions will adjust some of their financial policies. like fighting the fire, we will give policy support such as "extension" of corporate loans, "repayment of new loans" and "extension of working capital loans".

In an interview with Yangcheng Evening News, the relevant person in charge of Yunnan Kecheng guarantee Company said that from the company's guarantee business for nearly 200 private enterprises in Yunnan, it was observed that many private enterprises in Yunnan had operational problems, and a large number of private enterprises were facing a debt crisis. In order to avoid overdue loans, enterprises generally adopt two ways: one is to sell products cheaply to repay, which naturally offset corporate profits; the other is to raise funds from private capital, but the high financing cost will completely engulf the reasonable profit space of enterprises.