Nowadays, many young people give up their steady income and start looking for entrepreneurial opportunities. The most important thing is how to get the first bucket of gold. So should I apply for a personal loan or a company loan first? What's the difference between them? Let's get to know each other.

First, the subject is different.

1. Personal loans are generally local and foreign currency loans for personal consumption, production and operation. The amount is relatively low, the application threshold is low, and the interest is higher than that of corporate loans.

2. Enterprise loan refers to an enterprise applying for a loan from a bank or other financial institution at a prescribed interest rate and time limit due to the needs of production and operation.

Second, the use is different.

Personal loan application can be used for consumption, house purchase, car purchase, decoration, tourism and capital turnover.

The purpose of enterprises applying for loans is very clear and single, which is mostly used for business operation or capital turnover, and cannot be used for personal consumption of business operators.

Third, the types are different.

Personal loans can be divided into personal housing loans, personal automobile consumption loans, personal durable consumer goods loans, personal business loans, personal securities pledge loans, personal micro-credit loans, personal non-residential mortgage loans and so on.

The types of corporate loans include working capital loans, fixed assets loans, credit loans, secured loans and pledged loans.

Fourth, different responsibilities.

Different from personal loans, if an enterprise can't repay the loan and go through bankruptcy procedures, it needs an enterprise legal person to take part of the responsibility instead of the enterprise.

To sum up, if you plan to finance, you can consider personal loans first, and it is easier to apply for corporate loans when the enterprise is bigger.