Guide on Requirements for PSBank Business Loan “Standby Credit Line Certification”
REQUIREMENTS FOR PSBANK BUSINESS LOAN – Here is a guide on the documents you must prepare in applying for the “Standby Credit Line Certification”.
Some banks in the Philippines now got business loan offers. One of it is the Philippine Savings Bank or more commonly called as PSBank. It has several offers including the Standby Credit Line Certification.
A Standby Credit Line Certification may help you in your transactions with other companies as it confirms an available credit line for your business. It is an assurance that your company has the capacity to complete a transaction.
Requirements for PSBank Business Loan
“Standby Credit Line Certification”
For SME Loans with Real Estate Property Collateral:
- Completely filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities
- Two (2) valid IDs
- Business registration papers:
- DTI Certificate of Registration
- SEC Articles of Incorporation and By-Laws, General Information Sheet
- Company profile and ownership structure
- Income Tax Returns with Audited Financial Statements for the last 2 to 3 years duly stamped “received” by the BIR
- Waiver of Confidentiality of Client’s Information and/or Authority of the Bank to Conduct Random Verification with the BIR (as indicated in the application form)
- Interim Financial Statements, if available
- Photocopy of bank statements or passbook within the past 6 full months
- Photocopy of TCT, tax declaration and vicinity map of the offered collateral
- Trade References / List of at least five major suppliers and clients with contact names and contact details
For SME Loans with Time Deposit Collateral:
- Completely filled-out and signed Business Loan Application Form and Statement of Assets & Liabilities
- Time Deposit Certificate with signed endorsement at the back portion
- Two (2) valid IDs
- DTI or SEC registration/By-Laws and Articles of Incorporation if applicant is the company
Thank you for visiting our website. We hope we have helped you with regards to this PSBank offer. You may keep coming back for more informative guides.
READ ALSO: PSBank Business Credit Line – How To Apply For It & Requirements to Prepare
