Package loan: Our bank shall apply to the beneficiary of the letter of Loan (exporter) to issue a special loan for the purchase, production, and shipment of goods under the letter of Loan to meet the short-term financing needs of exporters for the preparation and shipment of goods under the letter of Loan.
Handling process:
1. The exporter signs a financing agreement with our bank and submits a package loan application, trade contract, original letter of Loan, and related materials to our bank.
2. After review, our bank will deposit the packaged loan funds into the exporter's account.
3. After the exporter completes the purchase, production, and shipment using the packaged loan funds, he submits the corresponding documents under the letter of Loan to our bank.
4. Our bank will send the documents to the foreign bank (issuing bank or designated bank) for remittance claims.
5. Foreign banks pay our bank when they are due, and our bank will use it to repay the packaged loan.
