Revolving Credit Line

This is a short-term loan available for working capital requirement of the clients. Can be used to cover cashflow requirements to finance receivables, inventories, seasonal operating needs, or to meet business expansion.

  • Acquisition of fixed assets.
  • Purchase of equipment.
  • Construction / Expansion / Modernization of building, factories and plants.
  • Working capital requirements.
  • Aacquisition of raw materials, supplies, etc.
  • Trading operations.

Product Features

Loan Amount Dependent on the borrower's requirements, paying capacity and the appraised value of the mortgaged property / collateral, whichever is lowest.
Loan term Up to a maximum term of 12 months.
Repayment terms Equal monthly amortization thru postdated checks.

Benefits

  • Allow clients to borrow short term funds to finance its day-to-day operations.

Documentary requirements

  • Properly filled out Loan application form.
  • Audited financial statements/Income Tax Returns (ITR), Income statement and balance sheet.
  • Bank statements for the last 3 months.
  • Trade references - at least 3 major suppliers and 3 major customers with contac persons and tel.nos.
  • Business Registration Papers (Certificate of Business Registration DTI/SEC, Articles of Incorporation and By- laws.
  • Title and Tax declaration.