Have you ever dreamed of using resources to make small businesses and be your own boss? Of course, the management of any enterprise may face urgent financial needs. Rest assured, however, that this has been taken into account by the commercial banks, which have launched a personal credit loan called Business Loans, designed to address the economic problems of micro-enterprises and individual entrepreneurs。

Is it too much to ask for a loan? Specific loan terms

Now, may someone ask, is this business lending a high standard? Let me explain the conditions of application to you。

FIRST OF ALL, THE BUSINESS LOANS OFFERED ARE MAINLY FOR POS BUSINESS OWNERS, SMALL AND MEDIUM-SIZED BUSINESS OWNERS AND INDIVIDUAL BUSINESS OWNERS. LOANS FOR THIS PRODUCT RANGE FROM $10,000 TO $1.5 MILLION FOR A MAXIMUM OF 10 YEARS. YOU CAN EVEN APPLY FOR A RENEWAL OF THE LOAN BEYOND THE END OF THE LOAN PERIOD AND MAKE A FLEXIBLE REPAYMENT BASED ON YOUR ACTUAL NEEDS. YOU MAY BE SURPRISED THAT THE INTEREST RATE ON LOANS ON BUSINESS LOANS IS VERY FAVOURABLE COMPARED TO OTHER COMMERCIAL BANKS, WITH A MONTHLY RATE OF 0.63%-0.70% AND AN ANNUAL RATE OF 7.56%-8.40%。

So, what do you have to do to apply for a business loan

1. You need to be between the ages of 18 and 70 and hold a second-generation resident ' s identity card with good personal credit。

2. YOUR HOUSEHOLD DEBT RATIO IS LESS THAN 70%, THE NET ASSETS OF THE HOUSEHOLD ARE GREATER THAN 500,000 YUAN, AND THE INDIVIDUAL BORROWER ' S OPERATING LOAN CANNOT EXCEED 5 MILLION YUAN。

3. YOU WILL NEED TO PROVIDE A POS BILLING FLOW RECORD FOR AT LEAST ONE YEAR, WITHOUT ANY INTERRUPTION IN THE MONTHLY FLOW RECORD, WITH AN AVERAGE MONTHLY COLLECTION OF LESS THAN $100,000 FOR THE LAST SIX MONTHS。

4. There is a need for a certain economic strength, for a business to operate for a period of not less than two years, and for a fixed location for the enterprise to which the loan is intended。

Finally, it is worth noting that there are many types of loans for business loans and that different loans have different conditionalities, depending on the lending model actually handled by the borrower。