2. The borrower shall submit the business license and other relevant information about the business license loan to the lending institution. Self-employed individuals who apply for loans should provide the running water of the bank for nearly half a year. When an enterprise applies for a business license loan, it shall provide the running proof of the enterprise, the financial statements of the last year and the credit report of the borrower.
3. Wait for the bank's audit. If the bank is approved, the bank will sign a loan contract with the borrower. If you apply for a mortgage loan, you need to go through the mortgage registration procedures.
4. After the formalities are completed, the lending institution issues loans.
What is a business license?
Business license is a certificate issued by the administrative department for industry and commerce to industrial and commercial enterprises and individual operators to engage in certain production and business activities. Its format shall be uniformly stipulated by the State Administration of Market Supervision. Without a business license, industrial and commercial enterprises or individual operators may not start business, sign contracts or advertise.