What are the procedures for shareholders to borrow from the company?

Legal analysis: First, companies can lend money to individuals. But it needs the approval of the shareholders' meeting, the shareholders' meeting or the board of directors. Second, the loan is recommended to be transferred by cheque. If the amount is small, you can write an iou. If the amount is large, it is recommended to write a loan agreement. A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Legal basis: Article 667 of the Civil Law of People's Republic of China (PRC) is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.