2. After receiving the information, the bank will investigate the company and then audit it;
3. After passing the examination, the company signs a loan commitment agreement with the bank, and then deposits a certain percentage of the deposit for mortgage procedures;
4. The bank signs a guarantee agreement with the applicant, stipulating the guarantee amount, validity period, rate, rights and obligations of both parties, and then issues a letter of guarantee.
Information required to open a letter of guarantee
1, the company's financial statements in the last two years, which need to be audited by an accounting firm;
2. External guarantee contract or agreement and relevant background information;
3 copies of business license, tax registration, legal person code and other documents;
4. If the guarantee matters need to be approved by the government and other relevant departments, approval documents shall be provided;
5. Documents of counter-guarantee measures;
6. Other information required by the bank.
After providing these documents, it usually takes 2 working days to apply for full margin guarantee and 5 working days to apply for differential margin guarantee, because differential margin guarantee will occupy the applicant's credit line and the bank needs to report to the superior.