Yes, you need to go to the local credit union to confirm the conditions of the venture loan. The process is as follows:

(a) application, eligible rural youth entrepreneurship needs loans, you can apply to the local grassroots organizations;

(two) preliminary examination, grassroots organizations shall, after receiving the application of rural youth entrepreneurship loan applicants, timely review the basic conditions and entrepreneurial projects of the applicants and put forward preliminary examination opinions;

(three) recommended by grassroots organizations, in line with the conditions, grassroots organizations should promptly recommend to the local rural credit cooperatives;

(4) Investigation: After receiving the list of applicants recommended by grass-roots organizations, rural credit cooperatives should conduct a survey of credit personnel in a timely manner. Those who fail to meet the loan conditions or can not fully meet the financial needs of rural youth after investigation should promptly feedback the loan applicants;

(five) rating, rural credit cooperatives according to the investigation, in accordance with the relevant provisions of the rating of the applicant, which after investigation, the rating does not meet the loan conditions or can not fully meet the needs of rural youth funds, to timely feedback to the loan applicant;

(6) Credit granting: If the rural credit cooperatives meet the loan conditions after investigation and rating, they shall timely review, approve and grant credit to the applicants according to the loan procedures;

(seven) at the time of issuance, the rural credit cooperatives shall, in accordance with the requirements of investigation, examination, approval and credit granting, timely issue the loans to the applicants according to the relevant loan procedures;

(eight) feedback, rural credit cooperatives should promptly issue operating loans to grass-roots organizations, and regularly report the acceptance, credit line, credit line, actual loan amount, etc. to local organizations for the record.