A guarantee company is a kind of guarantee carrier that provides guarantee for customers who have repayment ability but cannot apply for loans for some reasons. Not all guarantee companies can be accepted by banks as guarantee carriers, so you need to find out which guarantee companies are recognized by banks when you go to the bank for loans. Generally speaking, the guarantee company needs to charge a certain fee, accounting for about 30% of the interest. It is recommended that you don't ask a guarantee company for a guarantee unless you have to. It is actually a disguised company.
Second, is the company's guarantee a company loan?
What the company guarantees is not a company loan. Only when the guaranteed company is unable to repay, will it bear joint and several liability for repayment.
Three, the subsidiary loan has the loan risk provided by the group company.
After providing guarantee assistance, if the subsidiaries of Gaohe Coarse Company have serious business problems, debt repayment difficulties, or enter bankruptcy liquidation procedures, the group company will undertake the guarantee without any guarantee or counter-guarantee.
4. What is the relationship between guarantee institutions and banks? What is the relationship between guarantee institutions and enterprises?
Generally speaking, guarantee institutions are the bridge between banks and enterprises.
Specifically, some small and medium-sized enterprises want to get loans, but their ability is not recognized by banks. However, enterprises must have funds to support their development and survival, so guarantee institutions guarantee these enterprises to obtain bank loans. Enterprises need to pay: 1) the bank's loan interest rate (the benchmark interest rate can fluctuate) 2) the guarantee fee. (1%-3%). Responsibility: If the enterprise fails to return on time, the bank will cooperate with the guarantee institution to recover the funds. If the funds cannot be recovered within the recovery period agreed by the bank and the guarantee institution, the guarantee institution needs to compensate the enterprise, and the guarantee institution will continue to recover the funds. As a last resort, we need to deal with counter-collateral to recover the funds.