What is a small business loan?

Small business loans refer to corporate loans with less than 500 employees and annual sales of less than 6,543,800 yuan.

In addition to the familiar banking channels, P2P peer-to-peer lending and microfinance companies have gradually become a new choice for small and micro enterprises' main loans. Compared with bank loans, P2P peer-to-peer lending has faster approval time and is usually unsecured.