It is reported that the maximum term of a single loan guaranteed by government compensation is no more than 3 years. The comprehensive financing cost should be controlled within 7%. The loan interest rate of cooperative banks shall not exceed 6%. The guarantee company charged a guarantee fee of 1%, which was 0.5% during the COVID-19 epidemic.

Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds.