Features of Robinsons Bank Small Biz Loan & Requirements
ROBINSONS BANK SMALL BIZ LOAN – You can grow your business fast through this loan Robinsons Bank Business Loan offer.
A lot of people were able to grow their wealth through a successful business. Undeniably, this is the reason why many individuals also want to venture the business field. However, truth be told there are a lot of factors considered in growing a business fast. One of the most important is the business working capital.
Meanwhile, with regards to the business working capital, there are a lot of entities that you can turn to. Among these are banks that have business loan offers. One of them is the Robinsons Bank which offers a business loan — the Robinsons Bank Small Biz Loan.
The business loan offer of Robinsons Bank is another loan product apart from the Robinsons Bank Car Loan. It is also packed with the best features which you can check below.
The Robinsons Bank is one of the trusted banks that operate in the country for years now. It has different kinds of savings and deposit account offers, cards of different types, and loans among other services.
With regards to the Robinsons Bank Small Biz Loan offer, it is open to finance several purposes including the following:
- Additional working capital requirements / purchase of inventories
- Business Expansion
- Purchase of machineries and equipment
- Loan take-out from other banks
- Acquisition of land or property
- Start-up business (Franchising)
There is a huge borrowing amount range under the Robinsons Bank Small Biz Loan offer. You may borrow at least Php 500,000.00 up to Php 20,000,000.00. You may choose to repay the loan from one (1) year up to 10 years.
Who are qualified to apply for the loan offer? It is open for employed individuals, sole-proprietorship, partnership, and corporation. If you are an employed individual who wish to apply for the loan offer, you must be must be a “permanent/Regular employee for at least one (1) year with the current employer and Continuity of employment is at least three (3) years”.
For Robinsons Bank loan applications by a sole-proprietorship, partnership, and corporation it must be “operating for more than 3 years and latest 3 years should be profitable”. The requirements vary in applying for the loan offer. Here’s a guide:
Employed Individual
- 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)
Self-Employed Individual
- 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)