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- CTBC Bank Strengthens Support for Taiwanese Investors in the Philippines
- CTBC Bank Philippines Partners with PEZA to Propel Investment Opportunities in the Philippines
- CTBC Bank Philippines Officials Pay Courtesy Call to BSP Governor
- CTBC Bank Philippines Partners Hitachi Asia to Transform Digital Banking for Corporates and SMEs
- CTBC Bank Philippines Appoints New President and CEO
- Bank Acquired Properties for Sale
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SME Business Loan
Brief Description
The SME Business Loan is a secured facility offering flexible funding for Small and Business Enterprises (SMEs) to improve its working capital, seize opportunities for expansion, and maximize savings through refinancing.
Features
Facility:
- Short Term Loan – a revolving credit facility that is valid for one (1) year and ideal for supporting working capital requirements
- Long Term Loan – a credit facility with up to ten (10) years term that is ideal for capital expenditures and refinancing, with equal monthly amortization of principal and interest
- Standby LC – a trade facility used as a safety net to meet contractual obligations
Loan Purpose:
- Working Capital
- Capital Expenditures (acquisition construction, improvement)
- Refinancing (reimbursement of capital expenditure, loan take-out from other financial institution)
Loan Amount:
- Minimum: PhP3,000,000
- Maximum: PhP70,000,000
Loan Collateral:
- Real Estate Properties (residential, commercial, industrial)
- Cash Deposit
Eligibility Criteria
- Registered as a Sole Proprietorship, or Corporation
- Must be a Filipino citizen or a Filipino-owned entity as defined by the Philippine Law
- Must be registered and operating for at least three (3) years with minimum annual gross revenue of PhP1.2 Million
- Credit dealings with other banks must be satisfactory.
- Offered collateral must be acceptable to the Bank.
Documentations
Pre-approval loan requirements:
- Duly accomplished bank forms
- Photocopy of DTI and business papers
- Photocopy of (2) valid IDs
- Photocopy of the last three (3) years Audited Financial Statement and Income Tax Return
- Photocopy of the last six (6) months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- List of major suppliers and customers with contact details
- Photocopy of TCT/CCT
- Photocopy of Tax Declaration on Land and Improvement
- Payment of appraisal fee
Loan Purpose Requirements:
- Construction/Renovation
- Bill of Materials
- Floor Plan
- Building Specification
- Acquisition/Purchase
- Contract to Sell
- Quotation from supplier
-
Refinancing
- Statement of Account from other financial institution
- Reimbursement
- Deed of Absolute Sale
- Sales Invoice (must not be more than 1 year)
Post Loan Approval Requirements:
- Loan documents
- Collateral documents
- Insurance
- CTBC Bank account for ADA
- Payment of applicable fees
Appraisal fee payment should be made directly to any of CTBC Bank branches.
Applicable fees including but not limited to mortgage/annotation fee, DST, processing fee to be paid at any CTBC Bank branches.
CTBC Bank reserves the right to require submission of additional documents as may be necessary consistent with its policies and applicable regulations.
Pre-approval loan requirements:
- Duly accomplished bank forms
- Photocopy of SEC Registration and Articles of Partnership
- Photocopy of (2) valid IDs
- Photocopy of the last three (3) years Audited Financial Statement and Income Tax Return
- Photocopy of the last six (6) months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- List of major suppliers and customers with contact details
- Photocopy of TCT/CCT
- Photocopy of Tax Declaration on Land and Improvement
- Payment of appraisal fee
Loan purpose requirements:
- Construction/Renovation
- Bill of Materials
- Floor Plan
- Building Specification
- Acquisition/Purchase
- Contract to Sell
- Quotation from supplier
-
Refinancing
- Statement of Account from other financial institutions
- Reimbursement
- Deed of Absolute Sale
- Sales Invoice (must not be more than 1 year)
Post Loan Approval Requirements:
- Loan documents
- Collateral documents
- Board Resolution
- Insurance
- CTBC Bank account for ADA
- Payment of applicable fees
Appraisal fee payment should be made directly to any of CTBC Bank branches.
Applicable fees including but not limited to mortgage/annotation fee, DST, processing fee to be paid at any CTBC Bank branches.
CTBC Bank reserves the right to require submission of additional documents as may be necessary consistent with its policies and applicable regulations.
Pre-approval loan requirements:
- Duly accomplished bank forms
- Photocopy of SEC Registration, Articles of Incorporation, By-Laws and General Information Sheet
- Photocopy of two (2) valid IDs
- Photocopy of the last three (3) years Audited Financial Statement and Income Tax Return
- Photocopy of the last six (6) months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- List of major suppliers and customers with contact details
- Photocopy of TCT/CCT
- Photocopy of Tax Declaration on Land and Improvement
- Payment of appraisal fee
Loan purpose requirements:
- Construction/Renovation
- Bill of Materials
- Floor Plan
- Building Specification
- Acquisition/Purchase
- Contract to Sell
- Quotation from supplier
-
Refinancing
- Statement of Account from other financial institution
- Reimbursement
- Deed of Absolute Sale
- Sales Invoice (must not be more than 1 year)
Post Loan Approval Requirements:
- Loan documents
- Collateral documents
- Board Resolution
- Insurance
- CTBC Bank account for ADA
- Payment of applicable fees
Appraisal fee payment should be made directly to any of CTBC Bank branches.
Applicable fees including but not limited to mortgage/annotation fee, DST, processing fee to be paid at any CTBC Bank branches.
CTBC Bank reserves the right to require submission of additional documents as may be necessary consistent with its policies and applicable regulations.
List of Acceptable IDs
Deposits are insured by PDIC up to ₱1 Million per depositor.
