Legal analysis: the contract is valid and protected by law. You can borrow money in the name of the legal representative of the company, or you can provide a guarantee by the company. As long as it does not violate the mandatory provisions of laws and administrative regulations, it is protected by law. If the legal representative of the company is unable to repay the loan after the loan expires, the creditor may sue the individual and the guarantor to demand the individual to repay the loan, and the guarantor shall bear the corresponding guarantee responsibility. Of course, if the guarantor repays the creditor's rights, he can recover from the guarantor.
Legal basis: Paragraph 2 of Article 23 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases. The legal representative or person in charge of the enterprise signs a private loan contract with the lender in his own name, and the borrowed money is used for the production and operation of the enterprise. If the lender requests the enterprise and individual to share the responsibility, the people's court shall support it.