Receivables Discounting

Convert receivables such as outstanding invoices, billings,
corporate post-dated checks, or contracts to operating cash

Introducing ULoan’s Receivables Discounting

Receivables Discounting is a financing option that allows businesses to receive immediate cash for their outstanding invoices. This process involves selling your unpaid invoices to a lender or financial institution at a discount in exchange for immediate cash. The lender then collects the full amount owed from your customers when the invoice is due.

This financing option can be particularly useful for businesses that have a lot of outstanding invoices and need cash quickly to cover expenses or invest in growth. By selling your invoices to a lender, you can improve your cash flow and avoid the wait for your customers to pay their invoices.

At  ULoan Business, we offer  Discounting of Receivables ranging from PHP5M to PHP10M with terms of 30, 60, 90, and 120 days. See more information below.

RD - Competitive Interest Rates

Competitive Interest Rates

RD - Flexible Funding

Flexible Funding

RD - Transparent Fees

Transparent Fees

Loan Overview

Loanable Amount

PHP 5,000,000 to
PHP 10,000,000

Payment Terms

30, 60, 90, and 120 days

Interest Rate

12% to 15% per annum (if secured) or 18% to 24% per annum (if unsecured)

Eligibility Requirements

  • Borrower must have an existing business operating for at least three (3) years.
  • Borrower must have an active checking account for at least six (6) months
  • Borrower must have a Financial Statement (FS) for the past two years
  • Business must be registered with DTI or SEC
  • Business must be located and operating within the following areas:
  • Metro Manila
  • Batangas
  • Laguna
  • Cavite
  • Rizal
  • Pampanga
  • Bulacan
  • Borrower’s average monthly gross sales is at least PHP 1,000,000
  • Borrower’s credit ratio is not higher than 50%

Frequently Asked Questions

To apply, you can:

  • Submit an application online by filling out this form.
  • Call our office directly through our landline: (632) 8892-0991
  • Visit our office located at 3/F Majalco Building, Benavidez cor. Trasierra St., Makati City, Philippines to submit your complete application form and documents.

To qualify, you must meet the following criterias:

  • Borrower must have an existing business operating for at least three (3) years.
  • Borrower must have an active checking account for at least six (6) months
  • Borrower must have a Financial Statement (FS) for the past two years
  • Business must be registered with DTI or SEC
  • Business must be located and operating within the following areas:
  • Metro Manila
  • Batangas
  • Laguna
  • Cavite
  • Rizal
  • Pampanga
  • Bulacan
  • Borrower’s average monthly gross sales is at least PHP1,000,000.
  • Borrower’s latest credit ratio must be 50% and below.

Please see the full list below:

  • UFII Duly filled-out and signed Application Forms
  • Photocopy of two (2) government-issued IDs of the principal borrower
  • Photocopy of latest 6 months Bank Statements & Latest 3 years ITR with AFS
  • Photocopy of valid Mayor’s Permit and Barangay Permit
  • Picture of the Exterior and Interior of the Business and sketched map of business location
  • Photocopy of Proof of Billing (not older than 2 months) for residence and business (ex. electric, water, internet, rent billing)
  • Copy of business registration ( DTI Certificate of Business Name Registration or SEC Certificate of Incorporation)
  • For corporation and partnership, please submit a copy of latest GIS and Articles of Incorporation and By-laws

For clean loans (non-collateral), interest rate per annum ranges from 18% to 24%.

For secured loans (with collateral), interest rate per annum ranges from 12% to 15%.

Ready to Apply for A Loan?