Basic Requirements When Applying for a Business Loan – Philippines
This post is originally shared inside Traders Lounge Facebook group by Gandakoh in the hope of increasing financial literacy. This article includes some comments from TL members kind enough to share their knowledge.
- Valid Government ID (Passport, Driver’s License, TIN ID, PRC ID, Postal ID, or UMID)
- Proof of Business Billing Address (Mayor’s Permit, Lease Contract, Utility Bills)
- DTI or SEC Certificate
- BIR Certificate of Registration
- Photocopy of audited financial statements
- Business background/company profile
- Accomplished loan application form
WHAT IS A TERM LOAN?
WHAT IS A CREDIT LINE?
WHAT IS A SECURED BUSINESS LOAN?
WHAT IS AN UNSECURED BUSINESS LOAN?
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