Guide on RCBC Corporate Loan for Employers – Who Are Qualified To Apply?
RCBC CORPORATE LOAN FOR EMPLOYERS – Here is a guide on who are qualified to apply for the corporate salary loan offer of Rizal Commercial Banking Corporation (RCBC).
The big businesses have also started small. Some of the employers or business owners were able to bring their companies or establishments to a fast growth while, in most cases, it takes years of toiling and watching money come in and out.
Most progressive businesses have been through phases when they needed more funds to be able to expand. The good thing is that there are entities that are ready to provide assistance for these businesses to prosper. Among these businesses are banks that offer company accreditation so the employers can avail of their exclusive offers.
More commonly called RCBC, Rizal Commercial Banking Corporation is one of the banks that offer company accreditation. Under its corporate banking offers, there are savings and checking accounts, loans, cash management services, and investment products.
One of the loans offered by the bank is the RCBC Corporate Loan for Employers. It is a non-collateral loan meaning the applicant-borrower does not need to be an owner of a property that can be used as the collateral to be eligible to apply for the loan.
Furthermore, it is a multi-purpose credit line facility. You may apply for it to augment the business operation, to make more capital for business expansion, to raise the salary of the employees, etc. There are both eligibility and documentary requirements in applying for RCBC Corporate Loan for Employers.
Who are qualified to apply for the RCBC Corporate Loan for Employers? To be eligible, the applicant-borrower must be…
- in the private sector
- running a business registered in the Security Exchange Commission (SEC)
- running a business that is operational for at least five (5) years already upon the loan application
- profitable in the last three (3) years
- having at least 50 regular employees
With regards to the documents that you need to submit to RCBC in applying for this loan offer for employers, you may visit – Requirements for RCBC Corporate Loan for Employers – What You Need to Prepare.
