Loans are used to repay loans from other banks.
Hello, working capital loans cannot be used by enterprises to repay the loan balance of other lending institutions. Before applying for a loan, a loan company will review the qualifications of its customers, and will only lend money if it meets the company's loan requirements. The loan contract will specify that the loan fund customer shall not invest in stocks, real estate, repay debts, etc. If there is, it can be regarded as a breach of contract. Regular companies only recover loans in advance, and some companies charge liquidated damages. The title means that you can find a person who specializes in making advances (commonly known as crossing the bridge) to help you solve the bank's revolving loan needs.