What is the process for applying to set up a small loan company?

What is the process for applying to set up a small loan company? What is the process for applying to set up a small loan company? A small loan company is a natural person、Investment and establishment of corporate legal persons and other social organizations，Does not accept deposits from the public，Limited liability company or joint stock company operating small loan business。A small loan company is a corporate legal person，Have independent legal person property，Enjoy legal person property rights，All property shall bear civil liability for its debts。

compared to banks，Small loan companies are more convenient、fast，Suitable for small and medium enterprises、Funding needs of individual industrial and commercial households。Procedures for applying to establish a small loan company:Applying to establish a small loan company must go through two stages: preparation and opening.。First of all, in the preparation stage，The maximum preparation period for a small loan company is 6 months from the date of approval，After acceptance and preliminary review by the county-level competent authorities，Review by municipal authorities，Approved by the provincial government department。

Then the company meets the conditions for opening，Applications for business opening shall be accepted and initially reviewed by the county-level competent authorities.，Review by municipal authorities，Approved by the provincial government department。Microfinance company approved to open for business，Approval documents issued by provincial government departments，And with the approval document within 2 months from the date of approval，Follow normal procedures for registration、Registration and other procedures，Get a business license。

after，Should report to the local public security organ within 5 working days、The China Banking Regulatory Commission’s dispatched offices and the People’s Bank of China’s extension offices shall submit relevant information.。

Information that applicants should submit during the preparatory stage

1. Application form for establishment；
2. feasibility study report；
3. Preparatory work plan；
4. List and resumes of preparatory personnel；
5. Basic information of the sponsors or investors and the audited accounting reports of other sponsors or investors other than natural persons in the past two years；
6. Other materials。

Materials that applicants should submit during the opening stage

1. Application for opening a business；
2. Preparatory work report；
3. Draft Charter；
4. Proposed director、Qualification information of senior management personnel；
5. Capital verification certificate issued by the statutory capital verification agency
6. Notice of pre-approval of company name；
7. Proof of ownership or right to use business premises；
8. Other materials。

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