What's the difference between a small loan and a friend from a guarantee company?

A financing guarantee company refers to a limited liability company and a joint stock limited company established according to law and engaged in financing guarantee business. Financing guarantee refers to the behavior that the guarantor agrees with creditors such as banking financial institutions that when the guarantor fails to perform the financing debts owed to the creditors, the guarantor shall bear the guarantee responsibilities stipulated in the contract according to law.

Microfinance companies are limited liability companies or joint stock limited companies established by natural persons, enterprise legal persons and their social organizations that do not absorb public deposits and operate microfinance business. Compared with banks, small loan companies are more convenient and faster, and are suitable for the capital needs of small and medium-sized enterprises and individual industrial and commercial households; Compared with private lending, microfinance is more standardized, and loan interest can be negotiated by both parties.