Is hotel renovation a working capital loan?

Belongs to.

Working capital loans are loans issued to meet the short-term capital needs of producers and operators during the production and operation process and to ensure the normal progress of production and operation activities. According to the loan period, it can be divided into short-term working capital loans within one year and medium-term working capital loans between one and three years. According to the use method, it can be divided into short-term working capital loans that are applied for one by one and reviewed one by one, and short-term working capital loans that are stipulated by the bank. A short-term revolving loan that can be borrowed, used and repaid at any time within the time and limit.

Extended information:

Working capital loan application conditions:

1. The borrower is an enterprise (business) approved and registered by the industrial and commercial administration department (or competent authority) ) legal persons and other economic organizations, and go through annual inspection procedures at the industrial and commercial or relevant departments;

2. The business projects and capital investment of the enterprise comply with national policy requirements;

3. There is a sound A financial system that can provide authentic and credible financial information;

4. Open a settlement account in a bank;

5. Have the economic strength to repay principal and interest when due;

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6. There is legal property mortgage or third-party guarantee;

7. Except as stipulated by the State Council, the cumulative investment in external equity interests of limited liability companies and joint-stock companies does not exceed their net assets. 50;

8. Have a valid "Loan Letter";

9. Other conditions required by the bank.

Baidu Encyclopedia - Working capital loan

Baidu Encyclopedia - Short-term working capital loan