What are the conditions for applying to establish a small loan company?

What are the conditions for applying to establish a small loan company? What are the conditions for applying to establish 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。

Conditions for applying to establish a small loan company

1. Have regulations that comply with regulations；
2. The sponsor or investor should meet the specified conditions；
3. The registered capital of a limited liability company shall not be less than 10 million yuan，The registered capital of a joint-stock company shall not be less than 20 million yuan；
4. A limited liability company should be established with capital contributions from 9 to 50 or less shareholders；A joint stock company should have between 9 and 200 promoters，More than half of the sponsors must have residence in China；
5. The source of registered capital should be true and legal，All are paid-in monetary capital，The investor or promoter pays the full amount in one lump sum when the company is established.；
6. Have directors and senior managers who meet the qualifications；
7. Have staff with corresponding professional knowledge and experience；
8. Have the necessary organizational structure and management system；
9. There is conformity

Require

business premises、Security precautions and other business-related facilities。

Source of operating funds

Require

The main source of funds for small loan companies is capital paid by shareholders、Donate funds，and capital from no more than two provincial banking financial institutions.。No internal or external fundraising is allowed、Absorb or absorb public deposits in disguised form。in law、within the scope of regulations，The amount of funds microfinance companies receive from banking finance，Must not exceed 5% of net capital。

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