SME Business Loan
Brief Description
The Small and Medium Enterprise (SME) Business Loan is a secured credit facility that caters to the business financing requirements of entrepreneurs and business owners.
Features
- Short Term Loan Line – a revolving credit facility ideal for business working capital requirements
- Long Term Loan – a credit facility ideal for capital expenditures and asset financing requirements
- Working Capital (inventory build-up, receivables financing)
- Capital Expenditure (acquisition, construction, renovation, reimbursement)
- Refinancing (Loan take-out from other financial institutions)
- Minimum: PhP1,000,000
- Maximum: PhP70,000,000
- Short-Term Loan – a revolving credit facility valid for one (1) year, subject to annual renewal
- Long-Term Loan – a long-term facility for up to ten (10) years with equal amortization of principal and interest
- Prevailing SME Business Loan rate at time of availment
- Real-estate properties (residential, commercial, industrial)
Facility:
Loan Purpose:
Loan Amount:
Loan Term:
Interest Rate:
Loan Collateral:
Eligibility Criteria
- Business is duly registered as a Sole Proprietorship, Partnership or Corporation.
- Business must be registered and operating for at least three (3) years.
- Must have financial documents for the last three (3) years.
- Must have a real-estate collateral.
Pre-approval loan requirements:
- Duly filled out and signed accomplished bank forms
- Photocopy of DTI and business papers
- Valid Identification Card/s
- Photocopy of last (three) 3 years Audited Financial Statement and ITR
- Photocopy of last (six) 6 months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- 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
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 filled out and signed accomplished bank forms
- Photocopy of SEC registration and Articles of Partnership
- Valid Identification Card/s
- Photocopy of last (three) 3 years Audited Financial Statement and ITR
- Photocopy of last (six) 6 months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- 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
Post Loan Approval Requirements:
- Loan documents
- Collateral documents
- Partnership 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 filled out and signed accomplished bank forms
- Photocopy of SEC registration, Articles of Incorporation, By-Laws and GIS
- Valid Identification Card/s
- Photocopy of last (three) 3 years Audited Financial Statement and ITR
- Photocopy of last (six) 6 months bank statements
- Photocopy of other proof of income (i.e. lease contracts, invoice, contract/agreement)
- 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
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 PhP500,000 per depositor.
