“The trademark rights pledge loans addresses the pressing need for us!” Long Ying said excitedly on October 17, when recalling a loan of 18 million yuan acquired by the pledge of trademark rights in late September. The pledge loans of trademark rights in Yichang Free Trade Zone now has exceeded 100 million yuan, which solvesdifficulties of financing in time for numerous enterprises.

　　At the beginning of this year, Long Ying, the general secretary of the PartyBranchand director of Intellectual Property Office of Hubei Chuyuanchun Winery Co., Ltd., heard thatYichang Free Trade Zone started trademark pledgeservice so that Enterprises only needed to apply to the bank for trademark pledge loans and askedfor the registration certificate of trademark exclusive rights, then they could get bank loans smoothly. Long Ying, on behalf of Chuyuanchun Winery Co., Ltd., immediately applied to the financial institution for a trademark pledge loan, and signed a loan contract due to the urgent need of financial support for the production and operation.

　　Inlate September，Long Ying arrived at the Yichang Free Trade Zone comprehensive service hall to apply for the trademark pledge business. After signing the letter of commitment, hesubsequently submitted the letter of application, loan contract, pledge contract and other materials, and he received the electronic registration certificate of trademark exclusive rights on the afternoon of the same day. The print certificate was soon given by Yichang Free Trade Zone comprehensive service hall. Upon receiving the registration certificate of trademark exclusive rights, the Rural Commercial Bank immediately issued a pledge loan of 18 million yuan to Chuyuanchun Winery Co., Ltd. in accordance with the contract.

　　“Yichang Free Trade Zone continuously optimized the process and made efforts to handle the trademark pledge business within 2 working days in order to help enterprises recover from the epidemic. This new financing method, which helps enterprises to transform trademark rights into capital, can effectively alleviate the financing difficulties of enterprises.” said Qin Min, the Section Chief of Economic Affairs Examination and Approval Department of Yichang Free Trade Zone Administrative Services Bureau.

　　Sofar, Yichang Free Trade Zone comprehensive service hall has accepted more than 330 trademark rights pledge loans likeHubei Rensen Agricultural Science and Technology Development Co., Ltd., Hubei Three Gorges New Building Materials Co., Ltd. and other enterprises, with a total loan amount of 111.5 million yuan.(Reporter Tian Xiaochun, Xue Jing, correspondent Hu Qi)