The guarantor must have sufficient economic strength and the ability to repay the loan instead, and must be an enterprise with legal personality, other economic organizations, individual industrial and commercial households or a natural person with full civil capacity.

Letter of credit clause

First, the basic conditions?

1, the enterprise legal person license or business license is valid; ?

2. Open a basic account or general account in a credit cooperative; ?

3. The enterprise holds a loan card issued by the People's Bank of China; ?

4 obey the management of credit cooperatives, truthfully provide relevant business information to credit cooperatives, and submit statements and business plans on time; ?

5. Having fixed business premises and facilities; ?

6. Sound financial management system and standardized enterprise management. ?

Second, policy?

1. The business activities of the enterprise comply with national laws and regulations; ?

2, the loan object must meet the requirements of the people's Bank of China and rural credit cooperatives credit support object; ?

3. There is no loan relationship with other banks or credit cooperatives. Enterprises must borrow from credit cooperatives, and there is no problem of multi-head loans; ?

4. Enterprises shall operate within the jurisdiction of credit cooperatives that issue loans, and shall not lend across regions. ?

3. What is the feasibility of the project?

1, raw materials have sources, and the supply of raw materials is intended to be agreed; ?

2. The product quality is qualified, there is a long-term stable market, and the product sales are intentional agreements; ?

3. There are considerable profits and good economic benefits; ?

4. The enterprise has production technical support; ?

5. The proportion of external liabilities to total assets of the enterprise is less than 70%. For working capital loans, the proportion of enterprise's own assets to total assets must be greater than 30%; For fixed assets loans, the proportion of enterprise's own assets to total assets must be greater than 50%; ?

6. Self-raised funds for new projects must be above 50%, with proof of registered capital; ?

7. New projects must have the approval documents of relevant departments.

Extended data:

The characteristics of credit cooperatives' loans The main business of credit cooperatives is rural credit, and its business procedures and technical operations are basically the same as those of national specialized banks. Therefore, the national specialized bank's system and measures on rural credit management are also applicable to credit cooperatives.

It is equally binding. However, because the nature, status and functions of credit cooperatives are different from those of national specialized banks, they have their own characteristics in the specific operation of loans:

(1) The loan targets of the majority of credit cooperatives involve various ownership systems and various fields in rural areas, including:

1. Contracted business households, specialized households and rural cooperative business units engaged in agriculture, forestry, animal husbandry and fishery industries. ?

2, approved by the relevant departments to implement independent accounting of township (town) office, village office, organization office, household registration office and various forms of joint venture or new economic consortium. ?

3 rural cultural, educational, health and scientific research institutions with guaranteed operating income and repayment. ?

4, approved by the relevant departments engaged in handicrafts, commerce, transportation, construction, service industry and other rural individual economic households and economic associations. In addition, credit cooperatives with strong financial strength can also provide loans to enterprises within the credit scope of national specialized banks.

Institutions cross-issue loans with them. Of course, due to the nature of credit cooperatives, the focus of their loan support is agricultural production, and others can only support according to their abilities on the premise of meeting the demand for agricultural production funds. ?

(II) Flexibility of loan operation The flexibility of loan operation of credit cooperatives means that credit cooperatives independently operate credit business under the guidance of policies, decrees and plans of the party and the state, give full play to the role of private lending, and induce the rational flow of rural funds.

Baidu encyclopedia-rural credit cooperative loan