Guide on Requirements for Landbank Term Loan 2023 Application Process
REQUIREMENTS FOR LANDBANK TERM LOAN 2023 – Here are the documents required in applying for the Term Loan Facility offer of the Landbank of the Philippines.
Are you looking for a business loan? One of the offers that you may turn to is the Landbank of the Philippines, a government bank in the country. It actually has several loan offers to the public.
Aside from the Landbank Housing Loan 2023, the government bank also offers business loans. One of them is them is the Term Loan Facility which is open to finance several purposes related to business.
The Landbank Term Loan Facility offer is open for sole proprietorships, partnerships, and corporations. It is open to finance any of the following business purposes:
- finance business expansions
- purchase of additional machinery and equipment / fixed asset acquisition
- finance permanent working capital arising from expanded operations
- project financing
The eligibile projects under the Term Loan Facility of the government bank includes agri-business, manufacturing, trading, and services. The requirements for Landbank Term Loan 2023 depends on who will apply for the offer — a sole proprietorship or a partnership or corporation. Here is a guide:
For Sole Proprietorship
- Landbank Loan Application Form
- Bio-data of borrowers with passport-size ID picture
- Photocopy of Certificate of Registration with the
- Department of Trade and Industry
- Mayor’s Permit
- Photocopy of Internal Tax Revenue and audited (BIR-received) Financial Statement for the last three years
- Latest interim Financial Statement
- Projected income statement, balance sheet
- and cash flow statement with basic assumptions
- Brief history of the Business
For Partnership and Corporation
- Landbank Loan Application Form
- Photocopy of Certificate of Registration with Department of Trade and Industry, Securities and Exchange Commission or Board of Investments
- Certified True Copy of Articles of Incorporation/Partnership and by-laws
- Board Resolution authorizing the management to obtain loan from LANDBANK and designating the authorized signatories
- Notarized list of the following (certified by the Corporate Secretary for corporations):
- Officers
- Partners (for Partnerships only)
- Board of Directors (for Corporations only)
- Principal stockholders and their stockholdings (for Corporations only)
- Bio-data of borrowers or proprietors, partners, key officers,
- Board of Directors with passport-size ID pictures
- Sworn Statement of Assets and Liabilities of borrowers/proprietors. partners, key officers, and Board of Directors
- Photocopy of Internal Tax Revenue and audited (BIR-received)
- Financial Statement for the last three years
- Latest Interim Financial Statement
- Projected income statement, balance sheet, and cash flow statement with basic assumptions
- Brief history of the business
Submit your documents to Landbank. Wait for an update from the bank on the loan application result.
