The financing guarantee company is legal. As a bridge between banks and enterprises, formal financing guarantee companies play the role of capital leverage and amplification effect, rather than absorbing and lending by themselves. These companies usually hold the business license of financing guarantee institutions issued by the financial work office of the local provincial people's government. In addition, the balance of guarantee liability of a financing guarantee company shall not exceed 65,438+00 times of its net assets, the balance of guarantee liability for the same guarantor shall not exceed 65,438+00% of the company's net assets, and the balance of guarantee liability for the same guarantor and its related parties shall not exceed 65,438+05%.