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Current loan repayment loan
Hello, working capital loans cannot be used by enterprises to repay the loan balance of other lending institutions. Before applying for a loan, the loan company will examine the qualifications of customers, and they will only lend money if they meet the company's loan requirements. The loan contract will specify that the loan fund customer shall not invest in stocks, real estate, repay debts, etc. If there is, it can be regarded as a breach of contract. Regular companies only recover loans in advance, and some companies will charge liquidated damages. This theme means that you can find a person who specializes in providing advance payment (commonly known as bridge crossing) to help you solve the bank's revolving loan needs.