Beijing E-Town International Financing Guarantee Co -- also known as E-Town Financing Guarantee -- has launched a series of measures to support the development of companies, allying with several banks based in the Beijing Economic-Technological Development Area, or BDA.

The measures mainly target enterprises that have made certain economic development contributions to the BDA last year.

They provide special services, further expanding the effectiveness of policy implementation and help promote the sustainable and healthy development of small and medium-sized companies.

E-Town Financing Guarantee provides targeted financing solutions based on different funding pain points, such as the financing amount, financing period, counter-guarantee method and due repayments.

It provides exclusive and accurate services through special business product systems, to solve corporate financing problems on multiple levels. They include intellectual property pledge financing Yizhibao, first loan corporate financing Shoudaitong, tax-paying high-quality corporate financing Yishuibao and innovative continuous financing Yiqizhanyi.

E-Town Financing Guarantee only charges a guarantee rate of less than 1 percent. Companies engaged in the R&D and production of COVID-19 drugs and diagnostic equipment can enjoy guarantee rates not exceeding 0.5 percent and the comprehensive rate not exceeding 1 percent.

E-Town Financing Guarantee opened an exclusive approval channel and established a targeted review system to achieve a simplified process and efficient approval.

 In particular, it provides unsecured credit guarantees for loans of less than 5 million yuan ($704,652) for technology-based small and medium-sized enterprises, to accelerate project approval.