Guide on BDO SME Loan Requirements for Application
BDO SME LOAN REQUIREMENTS – For partnership and corporation, here are the documents required in applying for the BDO business loan offer.
Countless businesses grew through the help of loan offers. In the Philippines, one of the business loan providers is BDO Unibank. It is also one of the giants in the banking industry and it has millions of clients composed not only of Filipinos in the country but as well as abroad.
BDO has several loan offers. Among these are the business loan offers Term Loan and SME Ready Check. They are collateral loan offer which accept any of the following collaterals:
- House and lot
- Commercial Property
- Vacant Lot
- Condominium
- Townhouse
- Mixed Use Property (Residential/Commercial)
The business loan offers of the bank is not only open for individual applications but as well as partnership and corporations. There are varying BDO SME loan requirements for application. Here are the qualifications in applying for the BDO SME loan offer:
- Sole Proprietorship, Partnership, Corporation
- Business is in profitable operation for at least 2 consecutive years
- with a minimum annual gross sales of Php 1 million
- Business is within a BDO serviceable area
Aside from the unique list of requirements for individual applications, there are also unique sets of BDO SME loan requirements set for partnerships and corporations that want to apply for the loan offer. Here are the requirements for application:
Partnership
- duly-accomplished and signed BDO SME Loan Application Form
- photocopy of Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements for the last 6 months or Photocopy of Passbook showing at least 6 months transactions
- Articles of Partnership and Certificate of Registration issued by SEC
- Business Background / Company Profile
- Proof of other income, if any
Corporation
- duly-accomplished and signed BDO SME Loan Application Form
- photocopy of Audited Financial Statements for the last 2 years with latest ITR
- Bank Statements for the last 6 months or Photocopy of Passbook showing at least 6 months transactions
- Certificate of Registration issued by SEC, Latest Amended Articles of Incorporation and By-Laws , List of Elected Officers / General Information Sheet, Board Resolution or Secretary’s Certificate
- Business Background / Company Profile
- Proof of other income, if any
