Loanable Amount
P1,000,000 - P5,000,000
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Description
SME Business Loan is perfect for short term finance needs. It requires minimal document requirements, has fast-processing, and has auto-crediting of funds. No collateral needed for loans up to P5 Million. Payment terms can be on 12, 18, 24, or 36 months.
Requirements
• Signed and completed application form
• Copy of 2 valid IDs with photo from primary applicant/owner/authorized signatory
• Latest ITR with BIR stamp
• Latest 1 year Audited Financial Statements
• Valid DTI Registration documents
• Latest 3 months bank statement
• List of customers/suppliers and details about dealings
• Partnership/ Board Resolution
• Continuing Suretyship Agreement (for corporation)
• Valid Business or Mayor’s Permit
How to Apply
Apply online here.
Eligibilities
• Duly registered to operate as a business in the Philippines
• Must have been operating for at least 3 years, and profitable for the previous year
• Must have no exceeding debt that exceeds 40% of the company’s income
• Owner must have existing Security Bank account (at least 6 months old with P50K ADB) or existing credit card
Processing Time
5 working days