1. Provide information: the lending bank needs to issue a loan commitment letter or a sealed loan contract;
2. Preliminary review: review the bank's loan approval and review the loan The individual conducts certain investigations and completes the review report;
3. Review and approval: The bank loan business department needs to review and approve all the information and submit it to the superior department for signature and review;
4 . Notarization: After the bank review and approval, the individual needs to sign the notarization together with the business marketing center;
5. Sign the contract: Both the borrower and the lender need to sign the contract, and the lender needs to provide information including the purpose of the funds. Relevant information and financial transition checks also need to provide joint liability guarantees from relevant personnel.
The above is how individuals make bridge loans. What is a bridge loan?
A bridge loan, also known as bridge loan in English, refers to a contract signed with Company B when Company A obtains a loan project but does not have the ability to lend. The contract requires it to release funds on its behalf. After Company A's funds are in place, Company B will exit accordingly. Generally speaking, in China, policy banks are mainly responsible for the tasks of Company A, while commercial banks mainly play the role of Company B.