1. If the company guarantees the loan, the company shall bear the guarantee responsibility with the legal person's property, and the legal representative need not bear the responsibility. The duties and actions of the legal representative shall be undertaken by the company;
2. If the legal representative intentionally or negligently causes losses to the company, he shall compensate the company;
3. If the legal representative is confused with the company's property as a shareholder of the company, the legal representative needs to bear joint liability.
Second, analyze the details
When the borrower fails to repay the loan on time, the guarantor must repay it according to the contract requirements. In other words, even if you don't borrow money, you have the obligation to repay it as a guarantor. As a guarantor, this loan record will also be recorded in personal credit information. When the borrower loans overdue, the guarantor's credit will also be implicated. If the guarantor goes to the bank for a loan, both the loan amount and the loan interest rate will be affected, because the bank believes that there is a debt-guaranteed loan, even if it lends money, there is no preferential loan interest rate, which increases its own loan cost.
3. What information does the company need to provide to guarantee the loan?
1, a copy of the business license of the enterprise;
2. Copy of capital verification report;
3. A copy of the Articles of Association;
4. Application for loan guarantee;
5. Resolution of the shareholders' board of directors agreeing to apply for loan guarantee;
6. Financial reports for the last two years and accounting statements for the last three months of this year.