What do you need to start a business loan

What are the requirements for a business loan?

Entrepreneurial guaranteed loan application conditions

1.20 years old-55 years old (female)

2.60 years old (male);

3.Have innovative entrepreneurial requirements;

4.Employment focus groups and people in difficulty with certain entrepreneurial conditions but a lack of entrepreneurial capital.

Entrepreneurial guaranteed loan application amount: you can apply for 100,000 yuan of entrepreneurial guaranteed interest-subsidized loans in accordance with the regulations.

Term of application for guaranteed loans for entrepreneurship: the term is generally two years, with a maximum of three years, of which the maximum term of working capital loans for production and operation is one year.

The conditions required to apply for a bank start-up loan are:

1, with full capacity for civil behavior, aged between 18 and 50 years old.

2, must be unemployed for up to six months before you can apply.

3. Loan applicants must have legally valid identification and proof of legal residence in the location of the lending bank, as well as a fixed residence or place of business.

4. Engaged in legitimate production and business activities, the project has development potential or market competitiveness, and has the ability to repay the loan principal and interest on schedule.

5, must go to the account of the Office of Labor and Social Security for the relevant procedures, apply for "employment and unemployment registration", you can rely on this proof of business execution (a copy can also be) tax registration documents and store rental contracts and other valid documents, to the social security bureau of the account of the location of the application for a small secured loan.

6, the applicant's investment program requirements have been a certain amount of their own funds. This is an important condition for banks to measure whether to borrow, because the amount of business loan requirements generally up to a maximum of no more than 70% of the total amount of funds required for the lender's normal production and business activities required working capital, as well as the purchase (installation or repair) of small equipment and franchising chain of funds required.

7, the loan applicant must open a settlement account in the bank where the loan is made, and the business income should be settled by the bank. And the use of the loan is in line with the relevant national laws and regulations of the Bank's credit policy, and is not allowed to be used for other speculative investment projects such as equity interests.

8, loan guarantee loan applicants need to provide certain guarantees, including real estate mortgage, depository receipt pledge and third-party guarantees in three forms, in addition to as far as possible to provide some of their own credit status, repayment ability, and loan investment information to the bank, which will increase the integrity of the loan, in order to facilitate the smooth acquisition of loans.

9, other loan conditions specified by the relevant lending bank.

What are the conditions required for a business loan

Conditions required for a business loan application:

1. Proof of identity and place of business

Loan applicants must have a legally valid proof of identity and proof of lawful residency in the location of the lending bank, as well as a fixed abode or place of business. Proof of fixed residence can be a real estate license (parents name of the real estate license can also be), proof of business premises should hold the business license issued by the administrative authorities for industry and commerce and the business license of the relevant industry, indicating that it is engaged in normal production and business activities.

2, proof of funds

The loan applicant's investment program requires that there has been a certain amount of own funds. This is an important condition for the bank to measure whether to borrow, because the amount of business loans require a general maximum of up to 70% of the total amount of funds required for the lender's normal production and business activities required working capital, as well as the purchase of small equipment and franchise chain.

3, settlement account

Loan applicants must open a settlement account in the bank where the loan is made, and business income should be settled by the bank. And the use of the loan is in line with the relevant national laws and regulations of the Bank's credit policy, and is not allowed to be used for other speculative investment projects such as equity interests.

4, loan guarantee

Loan applicants need to provide certain guarantees, including real estate mortgages, certificates of deposit pledge and third-party guarantees in three forms, in addition to as far as possible to provide some of their own credit status, repayment ability, and the loan investment information to the bank, which will increase the integrity of the loan, in order to facilitate the smooth acquisition of loans.

Expanded Information

Four departments joint notice requirements: to ensure that entrepreneurial loans are really used for entrepreneurial employment

October 23, 2018, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People's Bank of China, the Banking and Insurance Regulatory Commission jointly issued a notice requiring to do a better job of monitoring and analyzing the policy of entrepreneurial guaranteed loan subsidies, and further promote the standardization of entrepreneurial guaranteed loans. to further promote the standardized development of guaranteed loans for entrepreneurship and ensure that the loans are really used for entrepreneurship and employment.

The notice requires that all banks should further strengthen the management of the credit business of entrepreneurial guaranteed loans, rely on the existing credit management system, accelerate the fulfillment of internal procedures, and complete the following work by the end of February 2019:

One is to differentiate between "entrepreneurial guaranteed loans" and "entrepreneurial guaranteed loans" among the existing varieties of loans for individuals and small and micro-enterprises. " variety.

The second is to distinguish between 10 types of borrowers in individual entrepreneurial guaranteed loans: urban registered unemployed, people with employment difficulties, demobilized and rehabilitated veterans, ex-prisoners, college graduates, employees and unemployed in enterprises resolving overcapacity, rural migrant workers returning home to start their own businesses, online merchants, the poor population with established records, and rural farmers starting their own businesses.

According to the notice, each bank should report the guaranteed loans for entrepreneurship carried out by the bank to the basic database of financial credit information in a timely, complete and accurate manner. When reporting data, they should ensure that the data is true and reliable. Units and their staff shall not tamper with, destroy, disclose or illegally use the data and information of guaranteed loans for entrepreneurship, and shall not maliciously collude with natural persons, legal persons or other organizations to provide false data.