Question: Company A wants to borrow 30 million yuan from the bank, and Company B agrees to use all its assets (existing assets and property to be acquired) to provide guarantee for Company A to borrow from the bank. The above company asked Harbin Notary Office: Can Company B use all its assets as the guarantee for Company A's loan to the bank? What materials should be submitted for notarization of guarantee contract? Notary Ding Long of Harbin Notary Office replied: 1. Company B can use the assets under its name to provide guarantee for the loan of Company A, provided that the shareholders' meeting of Company B agrees, and the assets of Company B need to be evaluated by relevant qualified evaluation departments. 2. The materials required for notarization of the guarantee contract in Harbin Notary Office are: 1, the original business licenses of Company A and Company B, and the ID card of the legal representative; Bank qualification certification materials, etc. ; 2. If the legal representative cannot handle it in person, a power of attorney and the identity card of the trustee shall be provided; 3. Provide the asset appraisal report of the guarantee company to determine the value of the guaranteed property; 4. Several guarantee contracts; 5. Other materials required by Harbin Notary Office.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.