1. Proof of identity and business premises: The loan applicant must have legal and valid identification, proof of legal residence at the place where the loan bank is located, and a fixed residence or business premises.

2. Proof of funds: the loan applicant's investment projects require him to have certain self-owned funds.

3. Settlement account: the loan applicant must open a settlement account in the bank where he lends, and the operating income must be settled by the bank.

4. Loan guarantee: the loan applicant needs to provide certain guarantees, including real estate mortgage, certificate of deposit pledge and third-party guarantee. In addition, he should provide some information about his credit status, repayment ability and loan investment to the bank as much as possible.

20 18 the Ministry of finance, the people's bank of Ministry of Human Resources and Social Security and the people's bank of China recently issued notices to expand the scope of loan targets, lower the loan application conditions, and relax the requirements for guarantees and interest subsidies.

The notice made it clear that in addition to the original business guarantee loan target, rural self-employed individuals will be included in the scope of support. Adjust the loan scope of small and micro enterprises to: newly recruit small and micro enterprises with 25% of existing employees (employees 100 or more enterprises reach 15%) and sign labor contracts with them for more than 1 year.

Extended data

The Ministry of Finance, the People's Bank of Ministry of Human Resources and Social Security and the People's Bank of China issued the Notice on Further Improving the Financial Discount of Business Guarantee Loans (hereinafter referred to as the Notice). The circular calls for strengthening policy support, expanding the scope of loan targets, lowering loan application conditions, and relaxing guarantee and interest subsidy requirements.

In terms of lowering the loan application conditions, the Notice requires that the loan record requirements for individual business guarantee loan applicants be adjusted to: except for student loans, poverty alleviation loans, housing loans, car purchase loans, and small consumer loans of less than 50,000 yuan (including credit card consumption), when the applicant submits the business guarantee loan application, I and my spouse should have no other loans.

In terms of relaxing the guarantee and interest subsidy requirements, the Notice requires that small and micro enterprises that have enjoyed the financial interest subsidy support can be supported by the guarantee fund for business guarantee loans. Borrowing individuals and small and micro enterprises with positive repayment, strong employment promotion ability and good entrepreneurial projects can continue to give discount on entrepreneurial guarantee loans, but the cumulative number of times shall not exceed 3 times.

Reference source? Baidu encyclopedia-venture loan

Reference source? People's Daily Online-The financial interest subsidy for business guarantee loans has been strengthened.