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    Security Bank

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    Liza Sebastian
    The document summarizes Security Bank's SME Business Express Loan for small and medium enterprises. The loan provides funds for equipment, office spaces, or operations. To qualify, businesses must be registered and profitable in the Philippines for 3+ years. Loan amounts range from PHP 1-5 million with terms of 12-36 months and interest rates of 1.50-1.95%. Applicants must provide documentation like financial statements, permits, and sign surety agreements to receive fast approval and funding.

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    Security Bank

    Uploaded by

    Liza Sebastian
    23 views2 pages
    The document summarizes Security Bank's SME Business Express Loan for small and medium enterprises. The loan provides funds for equipment, office spaces, or operations. To qualify, businesses must be registered and profitable in the Philippines for 3+ years. Loan amounts range from PHP 1-5 million with terms of 12-36 months and interest rates of 1.50-1.95%. Applicants must provide documentation like financial statements, permits, and sign surety agreements to receive fast approval and funding.

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    The document summarizes Security Bank's SME Business Express Loan for small and medium enterprises. The loan provides funds for equipment, office spaces, or operations. To qualify, businesses must be registered and profitable in the Philippines for 3+ years. Loan amounts range from PHP 1-5 million with terms of 12-36 months and interest rates of 1.50-1.95%. Applicants must provide documentation like financial statements, permits, and sign surety agreements to receive fast approval and funding.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views2 pages

    Security Bank

    Uploaded by

    Liza Sebastian
    The document summarizes Security Bank's SME Business Express Loan for small and medium enterprises. The loan provides funds for equipment, office spaces, or operations. To qualify, businesses must be registered and profitable in the Philippines for 3+ years. Loan amounts range from PHP 1-5 million with terms of 12-36 months and interest rates of 1.50-1.95%. Applicants must provide documentation like financial statements, permits, and sign surety agreements to receive fast approval and funding.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    SECURITY BANK

    SME Business Express Loan


    An SME Business Loan is perfect for businesses looking to finance short term needs—whether
    it’s equipment, office spaces, or cash for day-to-day operations. With minimal documentary
    requirements, fast approval and auto-crediting of funds, Security Bank SME Business Loan is
    tailor-fit to the growing needs of your business.
    A. ELIGIBILITY REQUIREMENTS

     The businesses to which the loan will be applied for must meet the following
    criteria:
    o Duly registered to operate as a business in the Philippines;
    o Must have been operating for at least 3 years, and profitable for the
    latest 1 year.
    o Must have no outstanding debt that exceeds 40% the company’s
    monthly income
     Each SME loan must be tied to the business’ primary owner; for
    partnerships/corporations, this means:
    o Owner with simple majority (individual with the single largest stake in
    the company) must provide details and sign off on the loan
    application form, and ultimately be the signatory in the surety
    agreement prior to loan booking
    o If simple majority is shared across multiple owners, only (1) of them is
    required to sign off on the loan
     Identified business owners will then be required to have:
    o An existing account with Security Bank (at least 6 months old with
    PHP 50K ADB) OR Existing credit card (any bank; credit card number/s
    must be provided in application)
    o Permanent residency in the Philippines;
    o At least 21 years of age at the time of application and not more than
    65 years of age upon maturity of the loan

    B. Loanable Amount
     Php 1,000,000 – Php 5,000,000
    C. Loan Payment Term
     12, 18, 24, or 36 months
    D. Loan Rates

    12 months 1.50%
    18 months 1.60%
    24 months 1.90%
    36 months 1.95%
    E. DOCUMENTARY REQUIREMENTS

    PARTNERSHIP/CORPORATION

     Signed and Completed Application Form


     Copy of 2 valid IDs with photo from primary applicant / owner / authorized
    signatory
     Latest ITR with BIR stamp
     Latest (1) year Audited Financial Statements
     Valid DTI/SEC Registration documents and GIS
     Latest 3 months bank statement
     List of customers/suppliers and details about their dealings (The following
    documents will be required by the bank prior to loan booking:
     Partnership / Board Resolution (authorizing signatory for accounts and loan, credit
    investigation on both the business and owners)
     Continuing Suretyship Agreement (for corporations) Client will be given templates
    at point of application to prepare for the loan decision )
     Valid Business or Mayor’s Permit

    Customer Service hotline: +632 8887-9188, 1-800-1-888-1250 (Toll-free for PLDT landline)


    email: customercare@securitybank.com.ph.

    https://www.securitybank.com/business/loans/sme-business-express/#rates

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