Guide on Landbank Business Loan Offers for Businessmen
Here is a guide on the offers under the Landbank Business Loan offer for working capital and Liquidity Support Facilities.
In the country, one of the banks that you may turn to for loans is the Landbank of the Philippines. It is a government bank which has multiple loan offers to the public. It has loans for farmers, fishermen, and businesses.
With regards to its business loans, one of the offers of the government bank is the Landbank business loan for working capital and liquidity support facilities. It is open for the following businesses:
- Agri-business
- Manufacturing
- Trading
- Services
There are several offers under the Landbank business loan for working capital and liquidity support facilities. Here are the offers of the government bank:
Short Term Loan Line
The Landbank of the Philippines offers a short term loan line that is ready to finance the purchase of raw materials or finished goods inventories, accounts receivable, and contracts.
Import/Domestic Letter of Credit (LC) / Trust Receipt (TR) Line
The government bank also offers a Domestic Letter of Credit or a Trust Receipt (TR) Line for the payment for the importation of goods from local or offshore suppliers.
Domestic Standby LC Line
Under the Landbank business loan offer for working capital, you may also avail a Domestic Standby LC Line to guarantee performance of service or purchases from local suppliers.
Domestic Bills Purchase Line
You may also apply for a Domestic Bills Purchase Line for the purchase of check for immediate credit to deposit account without waiting for the clearing period.
In applying for the loan offer, the pre-processing requirements depend if the borrower is a sole proprietorship, a partnership, or a corporation. It is available in over 500 branches of the government bank nationwide.