Grow Your SME Business Loan
Program Title: Grow Your SME Business Loan
Program Objective: To allow small and medium enterprises (SMEs) easy access to credit.
Eligible Borrowers:
- SMEs (may be a single proprietorship, partnership or corporation)
- With at least three (3) years of business operation
Loan Purposes:
- Purchase/Construction/Renovation of a commercial property;
- Purchase/Construction/Renovation of residential property for lease or re-sale;
- Business expansion;
- Permanent working capital; and, Refinancing of existing loan or mortgage.
Terms/Requirements:
Amount:
- Minimum of P1 Million
- Maximum: Lot – 50% of appraised value of collateral
- With Improvements – 60% of appraised value of collateral
Interest Rate:
- 1 year- 10.75%
- 2 years – 11.25%
- 3 years – 11.50%
- 5-12 years-12%
Maturity/Loan Term: Maximum of 12 years.
Security: Real Estate Mortgage (REM) and other acceptable collaterals
Contact Details:
BPI Savings Banks – Head Office
109 Dela Rosa St. corner Paseo de Roxas Avenue Makati City
Hotline: (02) 754-6880
Ms. Emma Balderrama – (02) 754-6324
Ms. Tere Reyes - (02) 754-6424
Ms. Perlu Reyes - (02) 754-6872
Jan 26th, 2009 at 10:43 am
Hi, Im a pastry chef planning to open a bakery business. I have a complete bakery equipments but dont have a start up capital yet. Can u pls help me on how to start this business. How and what are the necessary requirements?.. Thanks and God Bless.
May 14th, 2009 at 1:08 pm
Mr. Griarte,
Hello,
If you are ever in need of financial assistance for your business (i.e., working capital, additional capitalization, ourchase of equipment, purchase of property or take out existing loan with other banks) please do consider our bank, The Bank of Florida, Inc. We have a wide range of financial facility you can choose from. You can avail a loan for as low as P50t to as much as 10M with flexible payment and diminishing interest.
Please feel free to call 8450835/34/32. We will be glad to help you.
Jun 10th, 2009 at 7:19 pm
Mr. Olazo,
We need additional capital for our existing business because our revolving capital was freeze on our big client a chiness managed steel plant here in iligan, they haven’t able to pay us since february deliveries. They just always excuse as due to global crisis but until now they still operate. And so we look for other potential client, and now here comes a mining company, but we already luch financies. Can you help us??
Thanks and more power.
Nov 1st, 2009 at 8:44 pm
If you want to start a business or having an existing business and you want to avail a loan. The following documents must be prepared:
* Project Feasibility Study of the proposed business or exisitng business
* Business Name, Business Permits (Mayor, Brgy, BIR, etc)
* Collateral(Real Estate)
– Title
– Tax Declaration
– Tax Reciepts
– Tax Clearance
– Location Map, Boundary Survey
* Market Contract
* Letter of Intent
I am engaged in consultancy services and I can assist you in facilitating the requirements of your loan
You can contact me at 09085946641/09277922945 Dario Quitan
or email me at dcquitan@yahoo.com