In addition, to apply for registration, a financing guarantee company must first apply to the Provincial Finance Office for a license before it can be registered. Other types of guarantee companies only need to register with the Industrial and Commercial Bureau.
1. A financing guarantee company holds a business license of a financing guarantee institution, allowing customers to obtain financing from banks by guaranteeing their customers.
2. Banks don't accept the guarantee provided by guarantee companies without the business license of financing guarantee institutions, so the latter can't help customers obtain financing from banks.
3. Whether the customer can obtain financing from the bank by guaranteeing the customer is the difference between the two. In addition, what an investment guarantee company can do can also be done by a financing guarantee company.
4. With the increasing efforts of the state to standardize the guarantee industry, it is possible that a guarantee company without a business license of a financing guarantee institution will need to remove the word "guarantee" and become an investment company in the future industrial and commercial registration.