A credit guarantee company is a limited liability company whose main business is loan guarantee. At present, the fastest and most effective way for SMEs to borrow money from banks is to find a guarantee company, except for good collateral. If there is a problem with the loan and the debtor is unable to repay it, the guarantee company will perform the guarantee responsibility and compensate the bank. Since its establishment in 2006, Liuxing Wantong Guarantee has become the best cooperative partner widely recognized by many banking institutions in Beijing by virtue of its own strength, steady business style, good risk control ability and professional talents, and through strict examination and evaluation by banks.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.