According to a report, Iloilo is a good place to start up a business, both with small and big companies. For instance, the popular fast food chain Mang Inasal started here and now has more than 460 branches all over the country and employs over 40,000 people. If you want to start your business in Iloilo or you already have one and you wish to expand or need additional funds for various expenses, you may consider getting a business loan. There are different banks and organizations that offerbusiness loan in Iloilo. One of them is Social Security System’s Business Development Loan Facility that offers up to Php500 million for eligible borrowers.

FIND BUSINESS LOAN ALTERNATIVES

Aside from the Social Security System’s Business Development Loan Facility mentioned, there are other business loan alternatives that you could find. However, if you’re not familiar with the process, it could be time consuming and difficult to search for your options and compare to find the best one.Loansolutions.ph is a site that could resolve this problem. We’ll connect you with our partner banks and lenders so you don’t have to search for them yourself. The application process is done online, which is convenient as you can do this anytime. Most of all, you don’t have to worry about paying to have your business loan application processed as we will not bill you for this.

WHAT ARE THE REQUIREMENTS?

Banks and lending companies have various requirements for their business loans. However, most of them would basically require you to send your latest 2 years Audited Financial Statements or AFS. This is for them to determine the legality and the income of your business. You may also be asked to provide bank statements for the last 6 months from at least a couple of banks. Three government issued IDs with your signature would also be needed. Scan back-to-back copies of these. Other usual requirements include credit card statement, mayor’s permit copy, DTI registration copy and latest proof of billing.

HOW IT WORKS

Loansolutions PH made the process of applying for a business loan easy for everyone. Fill up the business loan application form on our site and we will match you with the lenders that could provide you with it. Once a match is found, we’ll send you their information so you can review what they have to offer. There’s no obligation and it’s up to you which of the lender to proceed with the business loan application with. We’ll also assign one of our experts to assist you during the process. Get the business loan that you need as soon as possible by applying on our site now.