Flexible Financing
Tailored Loan Amounts and Repayment Periods
This is money lent to a client over a fairly short term (not exceeding 12 months), which is to be repaid from the receipt of moneys due to the client. The loans are for individuals or companies owned by citizens aged 18 or over, either wishing to start a new business or wanting to expand an existing one.
Conditions
The loans are provided under the following conditions:
Loan period
- The repayment period will depend on the date of receipt of expected moneys which will be used to clear the debt, but will not exceed 12 months. Monthly repayments are not usually required, instead a bullet repayment is made using the received moneys.
Loan Amount
- Bridging finance loans range from P500.00 to P4 million.
Interest rate
- Loans of up to P500 000 will be charged interest at the rate of 5% per annum.
- Loan exceeding P500 000 will be charged interest at the rate of 7.5% per annum.
Prepare Your Application
What You Need to Apply
For a seamless process, ensure you have the following documents:
- Historic financials (existing businesses)
- Financial projections
- Company resolution to borrow
- Certified copies of Directors’ IDs
- Personal balance sheets of Directors
- Company profile/business brief (new projects)
- Market proof (tender awards/contracts)
- Tax Clearance Certificate
