What are the minimum qualifications for business loan applicants?
Business is operating for at least 1 year.
Business has an active checking account for at least six (6) months where PDC’s will be issued from.
Business is registered with DTI or SEC.
Monthly average sales of the client’s business should reach P250K.
Business is within trading area.
After submitting your application form, please prepare the following documents for credit checking phase:
Photocopy of SSS ID and/or any other government-issued ID of the Principal borrower.
Photocopy of latest 3 months Bank Statements of active checking account.
Photocopy of Valid Mayor’s Business Permit.
2″ x 2″ Picture of the Principal Borrower.
Picture of the Exterior and Interior of the Business with Business Signage.
Photocopy of Proof of Billing (not older than 2 months) for Residence and Business and (electric, water, internet, rent billing).
Additional for Sole Proprietorship:
DTI Certificate of Business Name Registration (Initial Document, as applicable)
Additional requirements for Partnership:
SEC Certificate of Incorporation
Latest Articles of Partnership
Additional requirements for Corporation:
SEC Certificate of Incorporation
Latest Articles of Partnership
Latest General Information Sheet (GIS)