Guarantee company loan process
1. Application: The enterprise submits a loan guarantee application.
2. Inspection: Examine the company’s operating conditions, financial situation, mortgage assets, tax payment, credit situation, and business owner situation, and initially determine whether to guarantee or not.
3. Communication: Communicate with the lending bank, further understand the company information provided by the bank, and clarify the amount and term of the bank's intended loan.
4. Guarantee: Identify the guarantee and counter-guarantee agreement with the enterprise, asset mortgage and registration and other legal procedures, and sign a guarantee contract with the lending bank to formally establish a guarantee relationship with the bank and the enterprise.
5. Lending: Banks issue loans to enterprises on the basis of reviewing guarantees, and at the same time charge guarantee fees from enterprises.
6. Tracking: Track the company's loan usage and company operations, and examine the company's operating status through quarterly tax payments, electricity consumption, cash flow and other indicators.
7. Reminder: One month before the enterprise repays the loan, advance reminder is provided so that the enterprise can make preparations for loan repayment in advance and ensure the normal operation of the enterprise's capital flow.
8. Lifting: With the company's bank repayment note, the mortgage registration is lifted and the guarantee relationship with the bank and the company is lifted.
9. Records: record the credit situation, divided into four levels: normal and abnormal, overdue, and bad debts, to provide credit records for subsequent guarantees.
10. Archiving: Arrange and archive various agreements signed with banks and enterprises, as well as vouchers for loan repayments and guarantee release vouchers for future investigation.
Notes When applying for a company-guaranteed loan, you must pay attention to the following aspects:
1. Loan contract Generally speaking, since the loan contract signed by the lender and the lending bank is a standard contract, As long as the lender performs its obligations as stipulated in the contract, there will basically be no agreement that is unfavorable to the lender. However, the loan service contract signed with the guarantee company must be carefully reviewed. If there are problems with the return of the deposit, insurance, etc., there is a hidden danger of disputes, and the guarantee company should be vigilant or replaced.
2. Charges The expected annual interest rate of loans from guarantee companies is higher than the expected annual interest rate of banks, and they are divided into mortgage loans and credit loans. The expected annual interest rate of mortgage loans is generally about 3% per month for fully paid houses, and the lowest for credit loan guarantee companies is about 10%. If the guarantee company charges too high, you can choose another guarantee company.
3. Invoice When paying the guarantee fee, it is best to pay the fee directly to the financial department of the guarantee company. If it is inconvenient, you should remember to ask for an invoice to ensure that your rights and interests are not infringed. Various receipts should be kept properly so that the deposit refund procedures can be handled with the receipts.