30Nov/08517
AsiaTrust Bank Carry Term Loan
Program Title: Bank Carry Term Loan
Program Objective: To bridge the gap of payables and receivables of small and medium enterprises.
Eligible Borrowers:
- Single Proprietorship
- Partnership
- Corporation
- Businessmen/Entrepreneurs
Loan Purposes:
- Permanent Working Capital
- Acquisition of Fixed Assets
- Renovation/Expansion
Terms/Requirements:
Amount:
- Depends on the actual requirement.
Interest Rate:
- Prevailing market rates.
Maturity / Repayment:
- One to five years or depending on the actual requirement and cash flow of the company.
- Principal - Equal monthly/quarterly amortization.
- Interest - Monthly/quarterly payment, based on diminishing balance.
Security:
- Real Estate Properties or Chattel Mortgage;
- Postdated Checks (PDCs) of the borrower; and
- Continuing Suretyship of the Principals.
Contact Details:
Ms. Cindy C. Viola, Branch Credit Group
AsiaTrust Development Bank
1424 Quezon Avenue, Quezon City
Phone: (02) 924-5680/5650
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