Guarantee companies are divided into financing and non-financing two categories. Your so-called financial license refers to the financing guarantee company. The main concept of financing guarantee company refers to the establishment that needs the approval of provincial and municipal financial management offices. Its main business content is to provide customers with guarantees and loans in banks. It is an important cooperative unit of our bank. Non-financing guarantee companies only need to register in the industrial and commercial bureau to carry out intermediary services and financial management among the people. Charge the corresponding service fee. Financing guarantee companies handle much more audit business than non-financing guarantee companies, and financing guarantee companies in all markets account for about 10% of all guarantee companies.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.