List of Requirements for BDO Term Loan Offer for Businesses
REQUIREMENTS FOR BDO TERM LOAN – Here is a list of the documents needed in applying for the Term Loan offer of BDO Unibank.
Undeniably, a lot of businesses were not able to expand even after years of operation due to limited fund. Some businesses’ growth were also halted by the lack of specific equipment needed to be able to cater larger projects.
Are you one of those business owners who can see a higher success of your chosen business if only you have the access to extra funds? The business loans may help you.
BDO Unibank is one of the banks in the Philippines with several business loan offers as it aims to help businesses, from the smallest to the biggest, achieve growth in the fastest way possible.
One of the business loan offers of BDO Unibank is the BDO Term Loan offer. It is open to fund several purposes such as the following:
- Construction of buildings, factories and plants
- Plant expansion and modernization
- Leasehold improvements
- Purchase of equipment
- Payments for both medium and long term loans may either be monthly or quarterly.
Under this loan offer, you may have the medium term which is payable within 1-3 years or the long term which is payable within 3-5 years. For the requirements for BDO Term Loan application, a collateral is needed.
Requirements for BDO Term Loan Application
- SEC Papers, Articles of Incorporation, By-Laws and latest General Information Sheet
- List of top customers and suppliers with contact information
- Bank Statements from the last 6 months
- Collateral documents
- If real properties, please submit copy of TCT, Tax Declaration, lot plan and vicinity map
- If machinery, please submit copy of sales contract, purchase order and brochure
Thank you for visiting our website. We hope we have helped you with regards to this BDO loan offer. You may keep coming back for more informative guides.
READ ALSO: BDO UNIBANK LOANS – Full List of BDO Personal & Business Loan Offers
