5Dec/083
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
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May 14th, 2009 - 13:08
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.
June 10th, 2009 - 19:19
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.
February 4th, 2010 - 15:46
Dear Sir/Madame;
I own a small restaurant infront of a university here in Davao City for almost 4 years now though last year I was forced to close the business for almost 6months due to construction of new building of the landlord where I had a contract with for the past years.I was forced to demolish my establishment and see my P500thou of invested money go to waste.I had no choice but to look for other location in order for my business to survive ad luckily I had found one but in a very much bigger space,much bigger that I had exhausted almost all of my savings just for renovations.I still need a start up capital to assist jumpstart my business once again,I tried applying for a loan in my bank and offered my real estate as a collateral but they refused me,so much for loyalty.I had been banking with them since 1996 since I was still an OFW and until I had goten married,not once had I approached them for help during those days and I had good flow of deposits during those times.This was the first time I approached them since this was te first time that I felt I really need help in my finances,but I was devastated that they never gave me a chance.Hope you could assist me on this.