This loan program is available to businessmen or would-be entrepreneurs looking for additional capital. This quick affordable loan program has very flexible terms to accommodate any business or commercial endeavor from start-up capital to revolving inventory loans to credit lines.
Eligible Borrowers
- Local entrepreneurs & business owners
Purpose of Loan
- Start-up capital for new business;
- Additional working capital;
- Expansion of existing business;
- Refinancing of existing business loan or;
- Credit line
Amount of Loan
- Php 100,000 to Php 75,000,000
Term of Loan
- Short term loan: maximum of twelve (12) months to be renewed or fully paid upon maturity.
- Medium term loan: thirteen (13) months to a maximum of sixty (60) months; amortized monthly or quarterly.
Collateral
- Real Estate Mortgage:
- Original Copy of Title with Survey Plan
- Certified Copy of Latest Tax Declaration
- Latest Real Estate Tax Receipts
- Deed of Acquisition (donation, sale, extra judicial settlement, etc.)
- Picture of Collateral
- Fire Insurance (if any)
- Additional Requirements for Untitled properties:
- Certification from DENR
- Form V-37 from Bureau of Lands
- Affidavit of Adjoining Owners
* Tax declaration is only accepted for La Union properties.
- Certificate of Registration
- Latest Official Receipts or Registration
- Picture of Motor Vehicle (front, side, back and inside)
- Stencil of engine and chassis number
- Deed of Sale
- Duplicate Key
Requirements
- 2×2 latest ID Picture of the Principal Borrower
- Latest Business Permits and DTI Registration
- Photocopy of Valid ID’s
- Sketch of Residence
- Court Clearance