1. The loan contract is concluded in accordance with the law, and there is no case that the loan contract is invalid;
2. The loan is used for the production and operation of the company;
3. The loan behavior is approved by the resolution of the shareholders' meeting or the shareholders' meeting, and the loan amount is in line with the provisions of the company's articles of association.
Is it legal to borrow between companies?
It is legal for a company to borrow directly through financing. The following conditions are invalid:
1. The civil juristic act expressed by the actor and the counterpart with false meaning is invalid;
2. Civil legal acts that violate the mandatory provisions of laws and administrative regulations are invalid;
3. Civil legal acts that violate public order and good customs are invalid.
Legal basis: Article 14 of the Provisions of the Supreme Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases.
In any of the following circumstances, the people's court shall deem the private loan contract invalid:
(a) to obtain credit funds from financial institutions and lend them to borrowers at high interest rates, and the borrowers knew or should have known in advance;
(2) The borrower knows or should know in advance that the funds obtained by borrowing from other enterprises or raising funds from employees of the unit are lent to the borrower for profit;
(3) The lender knows in advance or should know that the borrower is still providing loans for illegal and criminal activities;
(4) Violating public order and good customs;
(five) other violations of the mandatory provisions of laws and administrative regulations.