Title: On Improving Contractual Supervision for Bank Loans to Small Businesses
Abstract: Bank loans are the main external channel of financing for small businesses in China,and implementing contractual supervision for loans is an effective means to alleviate their difficulty in getting finance.Post-loan management and supervision should be strengthened through self-examination by the firms and advice and supervision on the part of banks,and within banks,a responsibility contract should be signed with the loan officer to implement contractual supervision and add to the credibility of the loan contracts,so as to reduce risks for both parties,safeguard future revenue for them,and further improve loan climate for small businesses.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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