Personal business loan refers to the loan issued by the bank to the borrower for the borrower's legal production and business activities such as moving, purchasing or updating business equipment, paying the rent of leased business premises, and decorating commercial housing. This kind of loan is similar to SME loan to some extent, and its business management is more complicated. Therefore, banks generally only choose the operating institutions of personal loans from branches with good economic environment, great market potential, high management level, good asset quality and low personal loan non-performing rate.

Revolving loan refers to a legally binding agreement signed between the bank and the customer, which guarantees to supply the corresponding amount of funds to the customer within a certain period of time, that is, the bank promises to set the maximum loan amount to the enterprise within the specified time until the enterprise runs out of the maximum amount in the agreement or the agreement expires.

Second, what does it mean to change commercial loans once a year?

Details are as follows:

Bank loans are transferred from year to year, which means that after the bank loan expires in one year, the loan amount will come out in the second year. One year's loan is equivalent to one year's loan, and then according to the original loan type, submit proof materials, and the bank will give you a loan for the second year. For a bank loan to be transferred every year, the shorter the loan term, the fewer variables and the lower the risk of foreign loans.

Third, what does 10 revolving operating loan mean?

Ten years. Generally speaking, the loan term of an operating loan is 65,438+00 years. Operating loan is a kind of financial product, mainly for corporate customers, which is used to help corporate customers obtain funds and support the daily operation and development of enterprises.