Guide on How To Apply for Landbank Business Loan 2023 for Working Capital & Support Facilities
LANDBANK BUSINESS LOAN 2023 – Here is a guide on how to apply for the Working Capital and Liquidity Support Facilities loan offer.
In the Philippines, one of the entities that you may turn to for a business loan is the Landbank of the Philippines. It is a government bank that offers savings and checking accounts, credit cards, and loans among other financial products.
With regards to the loans offered by the government bank, one of them is the Landbank Business Loan 2023 offer for the Working Capital and Liquidity Support Facilities loan offer. Under it, several resources for businesses may be provided.
Here are the offers of Landbank under its loan offer for working capital and liquidity support facilities:
Short Term Loan Line
- financing of contracts
- financing of accounts receivable
- purchase of raw materials or finished goods inventories
Domestic Standby LC Line
- guarantee borrower’s performance of service or purchases from local suppliers
Import/Domestic Letter of Credit (LC) / Trust Receipt (TR) Line
- payment for the goods import from local or offshore suppliers
Domestic Bills Purchase Line
- buying of check for immediate credit to deposit account without waiting for the clearing period
The bank has not stated the loanable amounts under the business loan offer. It may be on a case-to-case basis considering certain factors like the actual need and the type of business involved in the loan application.
Here is a guide on how to apply for the Landbank Business Loan 2023 for working capital and liquidity support facilities to ensure a smooth application process:
Step 1 — Who Are Qualified
This Landbank Business Loan 2023 offer is open for sole proprietorships, partnerships, and corporations. It was designed to fund eligible projects in the following fields:
- Agri-business
- Manufacturing
- Trading
- Services
Step 2 — Prepare the Requirements
Check the requirements for the Landbank business loan offer for working capital and support facilities. The set of documents required by the government bank under the loan offer depends if the loan applicant is a sole proprietorship, a partnership, or a corporation. Make sure to prepare all the documents needed for the loan application.
Step 3 — Submit your Application
Visit a branch of the Landbank of the Philippines nearest to your business. Submit your documents for loan application and wait for an update from the government bank.