A company is a limited liability company or a joint stock limited company invested and established by natural persons, enterprise legal persons and other social organizations, which does not absorb public deposits and operate businesses. Compared with banks, the company is more convenient and quick, suitable for the capital needs of small and medium-sized enterprises and individual industrial and commercial households; Compared with private lending, it is more standardized and the loan interest can be negotiated by both parties. A company is an enterprise legal person, with independent legal person property, enjoying legal person property rights, and bearing civil liability for debts with all its property. Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law, and shall be liable to the company to the extent of their subscribed capital contribution or subscribed shares. The company shall abide by the national laws and administrative regulations, implement the national financial policies, implement the financial standards and accounting systems of financial enterprises, and accept the supervision and management of governments at all levels and relevant departments according to law. The company implements the national financial and economic policies, conducts business within the scope prescribed by laws and regulations, operates independently, assumes sole responsibility for its profits and losses, and undertakes its own risks by self-discipline. Its legitimate business activities are protected by law and are not interfered by any unit or individual.
What does a loan company do?
A loan company refers to a banking non-deposit financial institution established in rural areas by domestic commercial banks or rural cooperative banks with the approval of China Banking Regulatory Commission according to relevant laws and regulations, which provides loan services for county farmers, agriculture and rural economic development. The loan company is a limited liability company fully funded by domestic commercial banks or rural cooperative banks.
Corporate loans can be divided into: working capital loans, fixed assets loans, credit loans, secured loans, stocks, foreign exchange, corporate certificates of deposit, gold, syndicated loans, bank acceptance bills, discount of bank acceptance bills, discount of commercial acceptance bills, discount of interest-bearing bills by buyers or agreements, domestic recourse factoring, and export tax rebate account custody loans.
Extended data:
Scope: scope:
(1) Handling all kinds of loans;
(2) Discounting bills;
(3) Handling the transfer of assets;
(4) Handling the settlement under the loan;
(5) Other asset businesses approved by China Banking Regulatory Commission.
Loan companies must adhere to the business purpose of serving the development of farmers, agriculture and rural economy, and the investment of loans is mainly used to support the development of farmers, agriculture and rural economy.
Loan companies are not allowed to absorb public deposits, with high credit lines and flexible loan methods.