What kinds of corporate loans are there?

1, credit loan. This is a loan without mortgage guarantee. The application of this kind of loan depends on the credit of the enterprise, and the lending institution depends on the credit of the enterprise owner and the tax level of the enterprise. Advantages are simple handling fee, quick approval and quick loan. But this kind of loan is risky, low in amount and short in term.

2. Mortgage loan. To handle this kind of loan, you need to provide collateral for guarantee, the amount is relatively large and the term is relatively long, such as the right to use construction land, production equipment, raw materials, semi-finished products and products. It should be noted that if loans overdue is mortgaged, the collateral can be auctioned by the lending institution to recover the loan.

3. Guaranteed loan. If the enterprise's qualification is not particularly good and does not want to be refused a loan, you can find a third party with compensatory ability to make a secured loan for the enterprise. The fate of this loan guarantor and the borrower are linked together. If both parties can repay the loan on time and live in peace, if the borrower is overdue, the guarantor will also be implicated, especially the joint liability guarantee, and the borrower must repay it.