Guide on AUB Commercial Loans Features & Application
AUB COMMERCIAL LOANS – The Asia United Bank offers several kinds of commercial loans that businesses may apply for.
A lot of people nowadays are into business ventures. There are those whose businesses grew fast. Undeniably, one of the reasons behind the massive growth of their businesses are the risks they took to be able to provide all the resources needed for its full operation.
Not all business owners are financially-sufficient to support the needs of a business most especially if the business is just starting. Meanwhile, there are banks that you can turn to as they can help finance the needs of your business for it to achieve a full operation.
In the Philippines, one of the banks with several business loan offers is the Asia United Bank. Also popularly called AUB, the Rebisco Group banking arm has provided different AUB commercial loans that may suit the specific needs of businesses and business owners.
Here are the different AUB Commercial Loans as well as their specific purposes and features:
Short Term Loans
The Short Term Loans are denominated in both Peso and Dollar currencies. It is a credit line facility that working capital to help boost your business’ operation. It offers a maximum loan term of one year.
Long Term Loans
Just like the Short Term Loans, the Long Term Loans are also denominated in both Peso and Dollar. It was designed to help business finance plant construction or make expansion including the purchase of other capital requirements. Under the offer, the loan term is between three (3) to seven (7) years.
Domestic Bills Purchase Line
Also one of the AUB Commercial Loans is the Domestic Bills Purchase Line that provides an outright purchase of the checks of the client upon the deposit of these checks in the deposit account of the client.
Foreign Bills Purchase Line
Aside from the Domestic Bills Purchase Line, the Asia United Bank also offers the Foreign Bills Purchase Line which provides an outright purchase of the Dollar-denominated or third-currency denominated draft of thee client upon the deposit of these drafts in the deposit account of the client,
PDC Discounting Line
AUB also offers a PDC Discounting Line which is a credit facility wherein the receivables of the clients which are in the form of post-dated checks or PDCs are discounter with a bank to obtain funds.
