Guide on the Maybank Business Loans & the Requirements in Applying
MAYBANK BUSINESS LOANS – Here is a list of the Maybank Philippines’ business loan offers and the requirements needed in applying.
Nowadays, funding a business is a lot easier because several banks and firms have financing offers for the public. One of them is Maybank Philippines. It has two(2) offers – the Term Loan and the Revolving Credit Line.
In this article, we will discuss the features of these Maybank business loans and as well as the requirements needed in applying for them. The bank has generously provided details on its official website.
Based on the official website of the bank, here are the Maybank business loans, the eligibility and documentary requirements in applying for them, and their loan payment terms:
Maybank Term Loan
The Term Loan is excellent for business expansion, investment on a new product line, or the purchase of equipment for the business operation. It is open for a single proprietor, a corporate, or a part of the partnership. You may pay for it for up to ten(10) years.
The following are needed in applying for this offer:
- Company Profile
- Business Papers: Articles of Incorporation with By-Laws, Latest GIS, DTI/SEC Registration, Business Permit
- Three(3) years ITR and Audited Financial Statements
- List of Customers and Suppliers with contact details
- One year projections
- Project details
- Photocopyof TCT/CCT with Tax Declaration and RETR (if applicable)
- Location Plan (if applicable)
Maybank Revolving Credit Line
Maybank offers Revolving Credit Line to assist the borrower in augmenting the working capital requirements and the operating requirements. You may pay for it for up to 180 days and the loan is valid for one(1) year. It is open for any of the following:
- Single proprietor
- Part of partnership
- Corporate
You must prepare the following in applying for this loan offer:
- Company Profile
- Business Papers: Articles of Incorporation with By-Laws, Latest GIS, DTI/SEC Registration, Business Permit
- Three(3) years ITR and Audited Financial Statements
- Three(3) years In-House Financial Statements (if applicable)
- Latest 6 months bank statement with main depository bank (if applicable)
- List of Customers and Suppliers with contact details
- Photocopy of TCT/CCT with Tax Declaration and RETR (if applicable)
- Location Plan (if applicable)
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: MAYBANK LOANS – Full List of Maybank Loan Offers You May Apply For
