Suzhou Rongfeng Microfinance Co Ltd, an SIP-based microcredit provider dedicated to providing small loans to tech businesses, recently offered a loan of RMB2 million to Qunbin Smart Manufacturing Technology (Suzhou) Co Ltd in SIP-Xiangcheng Cooperative Economic Development Area (SIP-XC CEDA), a project jointly developed by SIP and Xiangcheng District of Suzhou in the district.
It is the first loan offered by Rongfeng Microfinance to an SIP-XC CEDA-based enterprise founded by a “leading talent in science and technology development” accredited by SIP authorities.
Founded in March 2022, Qunbin Smart Manufacturing Technology (Suzhou) Co Ltd is dedicated to providing integrated 3D vision solutions for smart manufacturing. It needs the loan to equip its workspace and push on with the cooperation with a well-known passenger vehicles company.
It is learnt that Rongfeng Microfinance has provided loans totaling RMB1.8 billion to about 500 micro- and small-sized tech companies since its founding in 2015 as the first business of its kind in East China’s Jiangsu province.
March 17, 2023
