Many producers and operators will encounter problems in the actual operation process. In order to ensure the normal operation of businesses, many financial companies and banks have launched liquidity loans, which can quickly solve the liquidity problems of these businesses. How long is the working capital loan term? What is the working capital loan process? Let's give you a comprehensive introduction to working capital loans.
Working capital loan term
1. Temporary loan: the term is within 3 months (inclusive);
2. Short-term loan: the term is between 3 months and 1 year (inclusive);
3. Medium-term loan: the term is between 1 year and 3 years (including 3 years).
The term of the working capital loan shall be determined through negotiation between the borrower and the borrower, generally not exceeding 65,438+0 years, and not exceeding 3 years under special circumstances.
What is a working capital loan?
Working capital loan is a loan issued to meet the short-term capital needs of producers and operators in the process of production and operation, and to ensure the normal production and operation activities. According to the loan term, it can be divided into short-term working capital loans within one year and medium-term working capital loans with a term of one to three years; According to the loan method, it can be divided into secured loans and credit loans, among which secured loans are divided into guarantee, mortgage and pledge. According to the way of use, it can be divided into short-term revolving loans that are applied and reviewed one by one and short-term revolving loans that can be borrowed, used and repaid within the time and limit stipulated by the bank. As an efficient and practical financing method, working capital loan has the characteristics of short loan term, simple procedures, strong liquidity and low financing cost, so it has become a popular banking business for customers.
Working capital loan process
1. Apply for a loan. Enterprises apply for working capital loans from banks, and provide relevant materials of enterprises and guarantee subjects (if necessary).
2. Sign loan contracts and related guarantee contracts. After the enterprise's loan application is approved by the bank, the bank and the enterprise need to sign all relevant legal documents.
3. Implement the guarantee according to the agreed conditions and improve the guarantee procedures. According to the bank's approval conditions and the signed guarantee contract, if the enterprise needs to provide guarantee, it is necessary to further implement specific guarantee measures such as third-party guarantee, mortgage and pledge, and complete relevant guarantee procedures such as mortgage registration and pledge delivery (or registration). If you need notarization, you also need to perform notarization procedures.
4. Issue loans. After all the formalities are completed, the bank will issue loans to the enterprise in time, and the enterprise can reasonably control the loan funds according to the loan purpose agreed in advance.
How long is the working capital loan term? What is the working capital loan process? To sum up, it is a comprehensive introduction to you. I believe that after introduction, you will have a deeper understanding of liquidity. It is suggested that before applying for working capital, you must prepare relevant supporting materials in advance, and then apply to financial institutions or banks, which can shorten the time for applying for loans.
The term of working capital loan can be divided into
Term of working capital loan: temporary loan: the term is within 3 months (inclusive); Short-term loan: the term is between 3 months and 1 year (inclusive); Medium-term loan: the term is between 1 year and 3 years (including 3 years). The term of the working capital loan shall be determined by the borrower and the borrower through consultation, generally not exceeding 65,438+0 years, and not exceeding 3 years in special circumstances.
Article 16 of the Interim Measures for the Management of Working Capital Loans
The lender shall calculate the borrower's working capital demand according to the borrower's business scale, business characteristics, accounts receivable, inventory, accounts payable, capital cycle and other factors (see Annex for the calculation method), and reasonably determine the loan structure, including the amount, term, interest rate, guarantee and repayment method, taking into account the borrower's cash flow, liabilities, repayment ability and guarantee.
How long is the working capital loan term?
Working capital loans are short-term and medium-term loans for producers and operators, and the purpose of loans is to ensure the normal operation of production and business activities.
The working capital loan term is as follows:
1. Temporary loan: the term is within 3 months (inclusive);
2. Short-term loan: the term is between 3 months and 1 year (inclusive);
3. Medium-term loan: the term is between 1 year and 3 years (inclusive).
The term of the working capital loan shall be determined through negotiation between the borrower and the borrower, generally not exceeding 65,438+0 years, and not exceeding 3 years under special circumstances.