Guide on BDO Term Loan Application Process
BDO TERM LOAN – Here’s a guide on how to apply for this business loan offer of BDO Unibank and the requirements you must prepare.
A successful business has helped a lot of people uplift their status in life. However, for a business to success, it must have enough fund for building expansion and the purchase of certain equipment.
Truth be told that a lot of businesses have a huge chance of achieving growth faster but the said growth is halted because of limited equipment, insufficient space, or incapacity for modernization.
Meanwhile, if you really have faith that your business will work and you want it grow double time, you may turn to banks. Several banks in the country including BDO Unibank got business loan offers for the public.
One of the business loans of the bank is the BDO Term Loan. You may apply for it for the growth of your business including the following specific purposes:
- 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.
How To Apply for BDO Term Loan
Step 1 – Prepare the requirements in applying for this loan offer. To check on the documents that you must prepare, you may visit – Requirements For BDO Term Loan Application.
Step 2 – Submit the requirements to the branch of BDO nearest to you. Have it checked by a bank officer for completeness.
Step 3 – Wait for an update from BDO Unibank. Your application will be evaluated by the bank and it may take a few days. All applications are subject to the approval of the bank.
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