BDO SME Term Loan – Who Are Qualified To Apply For It

Guide on BDO SME Term Loan Qualifications

BDO SME TERM LOAN – Here is a guide on who are qualified to apply for the Small and Medium Enterprises Term Loan of BDO Unibank.

BDO Unibank is one of the banks in the Philippines with multiple business offers for the public. It may help you obtain some fund for additional working capital, funds for huge projects, and a lot more.

One of the business loans offered by the bank is for small and medium enterprises. It is a Term Loan offer with the following features:

• Borrow lump sum and spread out payments to make the monthly amortization more manageable
• Maximize value of your collateral up to 70%
• Pay equal monthly amortization for a fixed loan term

You may apply for the SME Term Loan offer to purchase a new equipment to address production increase and to acquire or construct new warehouse or office space.

Who are qualified to apply for BDO SME Term Loan offer? To be eligible to apply for it, the applicant must be:

• at least 21 years old but not exceeding 70 years old at the maturity of the loan
• operating a business that is in a profitable operation for at least two (2) consecutive years
• operating a business with a minimum annual gross sales of P1 million
• operating a business that is within the serviceable area of BDO Unibank

According to BDO, it is open for sole proprietorship, partnership, and corporation applications. There are documents that you must prepare in applying depending on the type of application.

To check on the documents needed in applying, you may visit – Requirements for BDO SME Term Loan Application.

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