The conditions that the borrower should have

1, with full capacity for civil conduct and local household registration;

2. Having a fixed business place or address, and having legal, stable and sufficient business income as the first repayment source;

3, can provide legal, full and easy to realize the mortgage (pledge);

4. Open a deposit account in a loan bank.

What materials do I need to prepare for a business license loan?

1, the original and photocopy of the legal representative's ID card and household registration book;

2. Provide the original and photocopy of the annual business license and tax registration certificate;

3. Relevant information that can prove the legal income of the legal representative, such as bank running water;

4. Relevant materials that can prove the marital status of the legal representative, such as marriage certificate, divorce certificate and single certificate;

5. Legal and sufficient collateral (such as real estate) or pledge (such as certificates of deposit);

6 format mortgage (pledge) commitment letter filled out by the mortgagor or guarantor;

7. Other information required by the bank.

What is the business license loan process?

1. The borrower consults the lending institution about the business license loan;

2. According to the requirements of lending institutions, provide relevant information on business license loans and apply for loans;

3. Wait for the bank or small loan company to review. If approved, go to the bank to sign a loan contract. If it is a mortgage loan, you need to go through the mortgage registration procedures;

4. When issuing loans, the borrower can repay the loan principal and interest as agreed in the contract.

Legal basis: Article 17 of the General Principles of Loans: The borrower shall be an enterprise (institution) legal person, other economic organizations, individual industrial and commercial households or a natural person of China nationality with full capacity for civil conduct approved and registered by the administrative department for industry and commerce (or the competent authority). The borrower applying for a loan should have the basic conditions such as marketable products, profitable production and operation, not misappropriating loan funds, and abiding by credit.