A small loan company is a limited liability company or a joint-stock company established by investment from natural persons, corporate legal persons and other social organizations, does not accept public deposits, and operates small loan 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 loans, small loans are more standardized and the loan interest can be negotiated by both parties.

\x0d\ A small loan company is an enterprise legal person, has independent legal person property, enjoys legal person property rights, and bears civil liability for its debts with all its property.

Shareholders of small loan companies enjoy the rights of asset returns, participation in major decisions, and selection of managers in accordance with the law, and are responsible for the company to the extent of their subscribed capital contribution or subscribed shares.

\x0d\ Small loan companies shall abide by national laws and administrative regulations, implement national financial guidelines and policies, implement financial standards and accounting systems for financial enterprises, and accept the supervision and management of governments at all levels and relevant departments in accordance with the law.

\x0d\ Small loan companies should implement national financial guidelines and policies, conduct business within the scope of laws and regulations, operate independently, be responsible for their own profits and losses, self-restraint, and bear their own risks. Their legitimate business activities are protected by law and are not subject to

interference from any unit or individual.