Subject to the tightening of monetary policy, SME lending rates have risen sharply. At present, some bank lending rates for SMEs have risen to 50%, and the minimum has to rise by 30%. The soaring interest rates have brought more cost tests to SMEs, and some companies even claim that most of their profits are swallowed up by financing costs. The situation of bank credit crunch has not improved significantly. In the near term, the central bank has adjusted the deposit range of deposits, which has further affected the bank's cash flow. “The current credit line is reduced by two-thirds compared to last year’s credit line,†said a bank’s credit department official. In this situation, the loan interest rate of Zibo SMEs has once again soared. “In the first half of the year, the highest floating rate was around 30%.†The above-mentioned person said that since the end of last year, the interest rate of leasing by SMEs has risen, and this year has been showing an upward trend. In the second half of the year, the lending rate of SMEs has once again soared. "Now we are up 50%." The above sources revealed that there is no indication that the loan interest rate has declined. Another bank's credit department said that their current interest rate on small and medium-sized enterprises is up to 30%, and the extent of the increase depends on the quality of the company, such as development prospects, collateral and corporate credit. Not only Zibo, but also the rise of interest rates of small and medium-sized enterprises by foreign financial institutions. At present, the lowest interest rate for banks in Guangdong to SMEs also needs to be 30% higher than the benchmark, up to 200%, and some joint-stock banks will reach 60%. The person in charge of the above-mentioned bank credit department said that according to the previous rules, the bank's credit will be tighter than the first half of the year, so interest rates will rise. The phenomenon of rising interest rates has caused small and medium-sized enterprises to complain in succession. A person from a ceramics company said that the current industry is in a downturn and the capital chain is in a hurry. If it can finance production to maintain production, it is not a good thing, because in the case of a large discount, the high financing costs will consume most of the profits.
Sumitomo Drive Parts
The most important thing to our customers is that they keep their excavators working reliably and efficiently. This means that when you are carrying out servicing and maintenance you want quality Sumitomo Excavator Parts that are compatible, reliable, readily available, and provide long service life.
We can supply Final Drive motors for a wide range of Sumitomo excavators. See the list below to find the model of your Sumitomo excavator and if it is not among the models listed, please don't hesitate to contact us. We sell our final drive motors al wholesale prices because we import large quantities direct from manufacturers without intermediate dealers, thus we can provide spare parts for our products easily. For a free quotation and further details, please fill in the form. Our sales department will contact you within the shortest delay.
All our Sumitomo Drive Parts are designed and manufactured in our China factories or are sourced from leading global manufacturers with a reputation for high quality products.
We also offer fast delivery and strong follow-up support for your Sumitomo Excavator parts, thanks to eight China warehouses and our comprehensive Cutting Edges Warranty on all parts.
With solutions available for over 220 Sumitomo excavator models, we are sure to have the Sumitomo final drive or Travel Motor you need.long-standing final drive provider.and 15 month warranty on final drives.
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