Lists of Requirements for Robinsons Bank Business Loan You Must Submit To Apply
REQUIREMENTS FOR ROBINSONS BANK BUSINESS LOAN – Listed here are the documents required by Robinsons Bank under the “Go! Small Biz” loan offer.
One of the entities that you may turn to for a business loan offer in the Philippines is the Robinsons Bank. The bank actually has several loan offers including the Auto, Housing, and the Motorcycle Loan.
With regards to the Robinsons Bank Business Loan, it is the “Go! Small Biz” loan that is open for both existing businesses and individuals who are just planning to start a business. You may apply for it for business expansion, equipment purchase, additional working capital, etc.
Under the offer, there are both eligibility and documentary requirements for Robinsons Bank Business Loan application. Here are the qualifications set by the bank:
For Employed Individuals:
- Permanent/Regular employee for at least one (1) year with the current employer
- Continuity of employment is at least three (3) years
For Sole-Proprietorships:
- operational for at least three (3) years already
- latest three (3) years must be profitable
For Partnerships and Corporations:
- operational for at least three (3) years already
- latest three (3) years must be profitable
With regards to the documentary requirements for the Robinsons Bank Business Loan application, it depends if the applicant is an employed individual or a sole proprietorship, a partnership, or a corporation.
Here’s a guide on the documents that you need to prepare and submit to the bank for application:
For employed individuals, here are the documents required by the bank in applying for the Robinsons Bank Business Loan offer “Go! Small Biz”:
- Completed SBL Application Form
- Certificate of Employment (COE) (indicating income details, tenure and employment status)
- Latest one (1) year ITR with stamped received
- Latest one (1) month payslip
- Photocopy of two (2) valid IDs with specimen signature
- Last six (6) months bank statement or copy of passbook
- Latest proof of billing (utility bill, credit card bill, etc.)
- Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)
The loan offer is also open for sole proprietorships, partnerships, and corporations. Here are the documents required by the bank in applying for the loan offer:
- Completed SBL Application Form
- Business Papers ( DTI/SEC Registration, Mayor’s Permit, Articles of Partnership/Incorporation, By-Laws, General Information Sheet)
- Last three (3) years of Income Tax Return (ITR) and Audited Financial Statement (AFS)
- Last six (6) months bank statement or copy of passbook
- Photocopy of two (2) valid IDs with specimen signature
- Latest proof of billing (utility bill, credit card bill, etc.)
- List of at least three (3) major supplier and customer
- Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)
