Financing Programs

Program Title: Discounting Line/Receivables Discounting
Program Objective: To bridge the gap of payables and receivables of small and medium enterprises through:

• Discounting Line – involves discounting of third party postdated checks.
• Receivables Discounting – involves discounting of different types of receivables like purchase orders or sales contract.

Eligible Borrowers:

• Single Proprietorship
• Partnership
• Corporation
• Businessmen/Entrepreneurs

Loan Purpose:  Discount receivables for working capital. Terms/Requirements:

Amount: Depends on actual requirement.

Interest Rate: Prevailing market rates.

Availment: Co-terminus with the life of Receivables

Maturity / Repayment:   One year from date of approval.

• Principal – Lumpsum upon maturity.
• Interest – Discounted upon availment.

Security:

• Real Estate Properties or Chattel Mortgage (optional).
• Deed of Assignment of Receivables;
• Third party postdated checks for check rediscounting;
• Postdated Checks (PDCs) of 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