Of course. Branches are legally allowed to sign loan contracts, but on one premise, they must apply for a business license at the industrial and commercial registration authority, and they also need authorization from the head office, because when banks review their loan application qualifications after receiving their loan applications, they will not think that they are qualified to sign loan contracts unless they see the power of attorney and business license. When a limited company applies for bankruptcy, it should generally repay the bank loan first, depending on the actual situation. 1. If the company's property has been mortgaged at the time of bank loan, the bank has the priority to be compensated for the mortgaged property. In other words, the proceeds from the auction of mortgaged property are also given priority to the banks with mortgages, and the remaining property belongs to bankruptcy property, and finally it is distributed according to the provisions of the Enterprise Bankruptcy Law of the People's Republic of China. According to the provisions of the Guarantee Law, the term "mortgage" as mentioned in this Law means that the debtor or a third party does not transfer the possession of the property listed in Article 34 of this Law, and uses the property as a guarantee for the creditor's rights. When the debtor fails to perform his debts, the creditor shall have the right to discount or give priority to compensation with the price of auction or sale of property in accordance with the provisions of this law. 2. If the bank loan is unsecured and belongs to the ordinary bankruptcy creditor's right, the bank loan should be paid to the laborer before repayment.

Legal basis: Branch companies can be established in Article 14 of People's Republic of China (PRC) Company Law. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.