It is legal for individuals to borrow money from companies. The situation is as follows:

1. The company's borrowing from individuals must meet the conditions of the company's articles of association and be approved by the shareholders' meeting or general meeting of shareholders. According to relevant regulations, the so-called private lending refers to financing activities between natural persons, legal entities and unincorporated organizations;

2. The loan contract means that the borrower borrows money from the lender and repays the loan and pays interest when it is due.

3. It is legal for an individual to borrow money from a company. A company's borrowing from an individual must meet the conditions specified in the company's articles of association and must be approved by the shareholders' meeting or general meeting of shareholders.

According to the provisions of the Supreme People's Court on applicable legal issues in the trial of private lending cases, the so-called private lending refers to the act of financial communication between natural persons, legal persons and unincorporated organizations. According to regulations, a loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due. Personal loan interest, according to the law, is legal if the interest rate is within 4 times the one-year loan market quotation rate published by the National Interbank Funding Center. If it exceeds 4 times, the law will not protect it.

Legal basis: "Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases"

Article 1, Paragraph 1

What is referred to in the provisions Private lending refers to the act of financing between natural persons, legal entities and unincorporated organizations. Article 667 of the Civil Code: A loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due.