Legal analysis: 1. Enterprises apply for loan guarantees from banks and other lending institutions; 2. The bank inspects the operation, financial status, mortgaged assets, tax payment, credit status and business owners of the enterprise, and initially determines whether to guarantee; 3. Communicate with the loan bank to further grasp the relevant information and clarify the loan amount and repayment period that the bank may issue; 4 to determine the loan guarantee and counter-guarantee agreement, asset mortgage, registration and other legal procedures, sign a guarantee contract with the loan bank, and formally establish a guarantee relationship with banks and enterprises.

Legal basis: Article 16 of the Company Law of People's Republic of China (PRC) stipulates that if a company invests in other enterprises or provides guarantees for others, it shall be decided by the board of directors or the general meeting of shareholders in accordance with the provisions of the articles of association; Where the articles of association stipulate limits on the total amount of investment or guarantee and the amount of individual investment or guarantee, it shall not exceed the prescribed limits. Where a company provides a guarantee for the company's shareholders or actual controllers, it must be resolved by the shareholders' meeting or the shareholders' meeting. Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting.