Guide on the Requirements for Landbank Business Loan for Working Capital Application
Here are the requirements in applying for the business loan offer of the Landbank of the Philippines for working capital and liquidity support facilities.
The Landbank of the Philippines, a government bank, is one of the entities that you may turn to for business loans. One of its many loan offers is the business loan for working capital and liquidity support facilities.
Are you interested to apply for the said loan offer? It is open not just for sole proprietorships but as well as partnerships and corporations. The government bank has set different requirements among sole proprietorships, partnerships, and corporations.
If you are a sole proprietorship, here are the documents needed in applying for the loan offer for pre-processing:
- Landbank Loan Application Form
- Bio-data of borrowers with passport-size ID picture
- Photocopy of Certificate of Registration with the
- Department of Trade and Industry
- Mayor’s Permit
- Photocopy of Internal Tax Revenue and audited (BIR-received) Financial Statement for the last three years
- Latest interim Financial Statement
- Projected income statement, balance sheet
- and cash flow statement with basic assumptions
- Brief history of the Business
Here are the documents needed for the pre-processing in applying for the business loan offer for corporations and partnerships:
- Landbank Loan Application Form
- Photocopy of Certificate of Registration with Department of Trade and Industry, Securities and Exchange Commission or Board of Investments
- Certified True Copy of Articles of Incorporation/Partnership and by-laws
- Board Resolution authorizing the management to obtain loan from LANDBANK and designating the authorized signatories
- Notarized list of the following (certified by the Corporate Secretary for corporations):
- Officers
- Partners (for Partnerships only)
- Board of Directors (for Corporations only)
- Principal stockholders and their stockholdings (for Corporations only)
- Bio-data of borrowers or proprietors, partners, key officers,
- Board of Directors with passport-size ID pictures
- Sworn Statement of Assets and Liabilities of borrowers/proprietors. partners, key officers, and Board of Directors
- Photocopy of Internal Tax Revenue and audited (BIR-received)
- Financial Statement for the last three years
- Latest Interim Financial Statement
- Projected income statement, balance sheet, and cash flow statement with basic assumptions
- Brief history of the business
