Guide on the Requirements For PSBank Domestic Bills Purchase Line Business Offer
REQUIREMENTS FOR PSBANK DOMESTIC BILLS PURCHASE LINE – Here is a guide on the documents that you must prepare in applying for this Philippine Savings Bank (PSBank) offer.
Some banks in the Philippines have several business offers including loans and other business resources. One of these banks is the Philippine Savings Bank or more commonly called as PSBank.
PSBank is one of those banking entities that aim to help businesses achieve faster growth and expansion. It does not only attend to providing additional working capital but as well as operational resources.
It is a common scenario wherein clients pay companies or businesses with a post-dated check. Undeniably, the clearing period may take some time and it will also affect the working capital of the business.
Meanwhile, as long as you have the needed documents, there is nothing to worry about. You may apply for PSBank Domestic Bills Purchase Line and have these checks sold so you can get your money again.
Requirements for PSBank Domestic Bills Purchase Line
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 Loans: Full List of Loan Offers of Philippine Savings Bank