Corporate loan process

Legal analysis: The enterprise loan process is as follows: 1. Application: An enterprise applies for a loan from a bank, and provides its business license, operating statement of the last three years, tax payment records of the last two years and other materials. 2. Bank audit: After the bank receives the application materials of the enterprise, the staff carefully examines all the materials and evaluates the qualifications of the enterprise. 3. Signing a loan contract: After the enterprise passes the audit, the bank signs a loan contract with the enterprise.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.