When you set up a business, you definitely need capital to finance your operations. If you get a big order and your cashflow isn't enough to cover for it, you may use the services of a financing companies such as Banks. Banks offer several types of dependable financing solutions for your business requirements.
There are many types of loans out there, depending on your needs. Personal loans are non-collateral loan that varies from Php30,000 - Ph1,000,000. Processing time only takes around 1-2 weeks. Usually,they would only require a completely filled-up application form, income documents such as payslip, Income Tax Return or Certificate of Income, and 2 sets of IDs.
You can also apply for Ready Credit facilities. They issue you a checkbook or ATM account and they just charge minimal interest for whatever you draw from your approved credit limit. Requirements are the same as personal loans.
There are also small business loans that requires collateral such as real estate properties. Loanable amount depends on the value of you collateral. Some banks offer from 70% - 80% of the appraised value of your property. Bank requirements are income documents and property documents. Charges you incur if you avail of this facility are appraisal fee, documentation fees and othe handling fees depending on the bank.
There are many types of loans out there, depending on your needs. Personal loans are non-collateral loan that varies from Php30,000 - Ph1,000,000. Processing time only takes around 1-2 weeks. Usually,they would only require a completely filled-up application form, income documents such as payslip, Income Tax Return or Certificate of Income, and 2 sets of IDs.
You can also apply for Ready Credit facilities. They issue you a checkbook or ATM account and they just charge minimal interest for whatever you draw from your approved credit limit. Requirements are the same as personal loans.
There are also small business loans that requires collateral such as real estate properties. Loanable amount depends on the value of you collateral. Some banks offer from 70% - 80% of the appraised value of your property. Bank requirements are income documents and property documents. Charges you incur if you avail of this facility are appraisal fee, documentation fees and othe handling fees depending on the bank.
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