Guide on PNB Small Business Loan Application Qualifications
PNB SMALL BUSINESS LOAN – Here is a guide on who may apply for this loan offer of the Philippine National Bank (PNB).
The business field is one of the riskiest fields a person can ever venture but successful tries have also helped many individuals uplift their financial status in life. Thus, many people would prefer to put their money on a business rather than safely keep it and make it stagnant for years. They would rather take the possibility for it to grow.
However, while many people like the idea of having your own business, not everyone has enough capital. The good thing is that you have several entities that you can turn to. You may apply for a loan to a bank, a financing firm, or a lending company.
In the Philippines, one of the banks that you can turn to is the Philippine National Bank. It is more commonly called PNB and it has multiple loan offers to the public.
If you are planning to put up your own business or grow what you already have, you may apply for the PNB Small Business Loan. It is open for application for the purpose of financing business expenditures or expansion.
Who are qualified to apply for the PNB Small Business Loan? To be eligible, the applicant must be:
- engaging in a light manufacturing, processing, services, or retail/wholesale trade businesses
- having a favorable track record or experience
- having a good credit standing for the past three (3) years
According to PNB, Term Loans (TL) and Domestic Bills Purchase Line (DBPL) are available. You may pay for the loan from one (1) year up to five (5) years.
Do you want to know how much you may borrow under this loan offer? Feel free to visit – PNB Business Loan: Minimum & Maximum Loanable Amounts.