Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

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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