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How do enterprises get loans from banks? Business to bank loan process

Enterprise loan is a kind of loan method that enterprises borrow from banks or other financial institutions according to the specified interest rate and term for the needs of production and operation. So, what is the process of enterprises lending to banks.

Enterprise loan process

1、 Loan application

If an enterprise needs a loan, it shall apply directly to the host bank or the agency of other banks. The borrower shall fill in the loan application form including the amount of loan, the purpose of loan, the ability of repayment and the method of repayment, and provide information.

2、 Bank Acceptance Review

1. The bank verifies the customer's situation and judges whether it has the conditions to establish a credit relationship according to the bank's loan conditions.

2. According to the borrower's performance level, credit structure, economic performance and other factors.

3. Investigate the borrower's credit rating and the legitimacy, security and profitability of the loan, verify the collateral, pledge and guarantor, and measure the risk of the loan.

3、 Signing loan contract

If the bank considers that the borrower meets the loan conditions after examining the loan application and agrees to the loan, it shall sign the loan contract with the borrower. A loan contract shall stipulate the type, purpose, amount, interest rate, term and repayment method of the loan, the rights and obligations of both parties, the liability for breach of contract and other matters that both parties consider necessary.

4、 Making loans

The lender shall issue the loan on schedule according to the loan contract. If the lender fails to issue the loan on time as agreed in the contract, it shall pay liquidated damages. If the borrower fails to use the money as agreed in the contract, it shall pay liquidated damages.

5、 Post loan inspection

After the loan is granted, the lender shall track, investigate and inspect the borrower's execution of the loan contract and the borrower's operation.

6、 Loan repayment

The borrower shall repay the principal and interest of the loan in full and on time in accordance with the provisions of the loan contract, and go through the withdrawal procedures in accordance with the provisions.

The above is the enterprise's loan process, the loan enterprise must be registered in China's small and medium-sized enterprises, and operating in good condition, no bad reputation record. Among them, the information that the enterprise loan needs to provide to the bank will include the proof of identity, address, income and operation.