Bank loan, our company borrowed 4 million yuan from the bank, which was guaranteed by the guarantee company. Now our company is unable to repay, and the guarantee company is unable to repay.
Hello, the borrowing enterprise is unable to repay the loan. Generally, compensation is paid by the guarantee company. This money is to let the lender and the guarantee company bear part of the responsibility. The specific amount depends on the agreement signed before the loan.
Banks have the right to sue guarantee companies and lenders, and the court will decide the next responsible party according to the situation or solve the matter through mediation.