Can operating loans be used to repay loans?
Operating loan is a loan business that a company applies to a financial institution for operation. Operating loans cannot be used to repay loans. In other words, in the normal operation of enterprises, loans can not be used to repay debts. Usually, it is not allowed to repay the last loan with a loan, which is illegal. Loans can only be used for established practical purposes such as production, operation and trading.
And according to the standards of financial institutions, operating loans cannot be used for non-operating industries such as buying high-consumption goods, studying abroad, traveling on vacation, buying a house and a car, and financing investment. In many loan businesses, mortgage loan is often used, and it is also a kind of personal loan. Moreover, personal business loans are suitable for reasonable and legal business activities such as temporary capital turnover, payment of rent for leased contracted sites, decoration of business premises, purchase of raw materials, purchase or renewal of business equipment.
Must the mortgage be a third-party account?
Mortgaged commercial loans must be third-party accounts, because commercial loans have their loan purposes, so they must be collected by a third party, and users and mortgagor cannot be payees. If there is a third-party account, if you call the user directly, but the user does not use the funds according to the purpose agreed in the contract, and the bank's credit management finds it fraudulent, the bank can have the right to get the loan back. The vast majority of banks remit money to Gong Hu, and some smaller banks will deposit the money into the accounts of legal persons or shareholders. This article is mainly about how many years commercial loans can last, and the content is for reference only.