Petty Loan Helps Beiben Upstream and Downstream Companies
www.chinatrucks.com: Beiben Truck set up Runfeng Petty Loan Company with registered capital 532 million Yuan in March last year to solve financing problems faced by upstream and downstream companies of Beiben Truck. Longxingweiye Auto Trade Company applied twenty million Yuan successfully, and till now they have sold out 200 trucks, 40% of their annual plan.
Beiben truck
"Business chances are always rather timely, it is very easy to slip away if no convenient and fast financing methods," explained manager in Longxingweiye Auto Trade Company.
Baotou Huaxin Machinery Company has also applied petty loans for three million Yuan, and it only took three to seven days for the whole process, and they said that it is a rather good financing channel for financial straits and cash flow problems. They have applied three million Yuan last year and they are planning to lend ten million Yuan this year.
To control risks, they are checking operation condition of the applying companies by their purchasing and finance departments.
Views:0
Submit Your Requirements, We Are Always At Your Service.
- Beiben Secures Order for 300 Electric Trucks in Cross-Border Logistics Project 2026-06-23
- Beiben Trucks Expands Global Partnerships at Macau Infrastructure Forum 2026-06-22
- Beiben Trucks Make Fifth Appearance at National Military Parade 2025-09-03
- Beiben Trucks Unveils New Energy Trucks at 5th China-Mongolia Expo 2025-08-26
- Beiben Trucks Signs Deals During Inner Mongolia Delegation Visit to Africa 2025-07-25
- Beiben Trucks Sign Strategic Deal with Huawei Cloud Computing 2024-06-12
- 50 Cases of Beiben KD Parts Sent to Russia by China-Europe Railway Express Train 2024-02-23
- CATL-Beiben Agree to Continue Working to Deepen Cooperation 2021-10-28
- Beiben Exhibited Full Electric Tractor Head at China Manufacturing Expo 2021-10-25
- Beiben Exports AMT-equipped Dump Trucks to Zambia 2021-09-13
- Visiting Invitation: See What's New from Renault Trucks at IAA 2026
- China's Heavy Truck Exports Surge in June as Leading Brands Win Major Orders
- JAC Becomes Official Vehicle Partner of Ghana Football Association
- Xuzhou Launches International Communication Center to Boost Global Outreach
- FOTON, COSCO Shipping Launch Joint Venture to Strengthen Global Supply Chain
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- China's New Energy Tractor Truck Sales Rise 97% to 25,000 Units in June
- China's Pickup Truck Sales Continue to Decline in May
- China's Tractor Truck Sales Up 27% in May
- China's Medium-Duty Truck Market Surges 74% in May
- China's Mini Truck Sales Drop 18% YoY in May
- China's Heavy Truck Sales Rise 23% in May
- China's Light Truck Market Grows 7% to 172,000 Units in May
- China’s Pickup Truck Market Posts Steady Sales Growth in April
- China Light Truck Sales Down 2% to 178,100 Units in April 2026
- China Heavy-Duty Truck Sales Hit 117,000 Units in April, Up 33% YoY
