Lending in your name means that you are a lender. If the company doesn't give you the money to repay the loan, then you have to repay the loan yourself. You are the first payer. If the bank finds that the loan has not been repaid in time, then the bank will look for you first, and will not look for the enterprise to repay the loan until you really can't afford it, because he only guarantees for you and belongs to the second repayment person.
And once the loan is overdue, it will hit your account, which means that your credit record in the People's Bank of China is bad. If this happens, it is very likely that you will never want to borrow money from the bank again in the next few years. Generally speaking, banks will not lend to customers with bad credit. What's more, if the enterprise resolutely refuses to repay the loan and you are unable to repay it, then you may be sued by the court, with disastrous consequences. ...
At the same time, even if the loan can be repaid normally, if the bank finds that the loan has been used for other purposes, then the responsibility is yours.
There are many other risks. In short, never borrow money from banks on behalf of enterprises. If the enterprise runs away, you will be more than one bargained for ... Lending money to others is always risky, which is related to your peaceful life in the future. ...
If an enterprise must borrow money in the name of an individual, let its legal representative borrow money. Anyway, the enterprise is his. ...