Requirements for Robinsons Bank Small Business Loan Application

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Guide on the Requirements for Robinsons Bank Small Business Loan Application Process

REQUIREMENTS FOR ROBINSONS BANK SMALL BUSINESS LOAN – Here are the documents needed in applying for the “Small Biz” loan offer.

Nowadays, some banks provide options for individuals who are in need of cash for business purposes. One of these banks is the Robinsons Bank, one of the popular and trusted savings bank in the Philippines.

Robinsons Bank
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The business loan offer of the Robinsons Bank is the “Small Biz” loan. It is open for employed individuals as well as sole proprietorships, partnerships, and corporations. It is open for multiple application purposes as well.

Requirements for Robinsons Bank Small Business Loan
Photo Credit: Skopus Consultants

As mentioned, the “Small Biz” loan offer of the Robinsons Bank can be applied for for several purposes. You may apply for it for any of the following:

  • working capital for business
  • business expansion
  • buying a franchise
  • purchase of inventory, equipment, or property for business
  • purchase of land for business
  • loan take-out from other banks

To qualify for the loan offer, the borrower must meet the eligibility requirements set by the bank. The qualifications depend if the borrower is an employed individual, a sole proprietorship, a partnership, or a corporation.

If employed, the applicant must meet the following to qualify for the loan offer:

  • Permanent/Regular employee
  • at least one (1) year with the current employer
  • continuity of employment is at least three (3) years

In the case of sole-proprietorships, partnerships, and corporations, the borrower must meet the following eligibility criteria to qualify for the loan offer:

  • operating for more than 3 years
  • profitable in the latest three (3) years of operation

In case you are wondering if your business is qualified to the “Small Biz” loan offer, you may refer to the list below to check if your business belongs to the ones considered micro or small businesses:

Small Enterprise

  • has between 10 to 99 employees
  • has between P3,000,000.00 to P15,000,000.00 in assets

Micro Business

  • has less than 10 employees
  • less than P3,000,000.00 in assets

Medium-Sized Enterprises

  • has between 100 to 199 workers
  • between P15,000,000.00 to P100,000,000 in assets

Large Enterprise

  • has 200 or more workers
  • has P100,000,000.00 or more assets

There are also dequirements for Robinsons Bank Small Business Loan Application. The documents required also depend if the applicant is employed, a sole proprietorship, a partnership, or a corporation.

For employed individuals, prepare the following documents:

  • Completed SBL Application Form
  • Certificate of Employment (COE) (indicating income details, tenure and employment status)
  • Latest one (1) year ITR with stamped received
  • Latest one (1) month payslip
  • Photocopy of two (2) valid IDs with specimen signature
  • Last six (6) months bank statement or copy of passbook
  • Latest proof of billing (utility bill, credit card bill, etc.)
  • Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)

For sole proprietorship, prepare the following documents:

  • Completed SBL Application Form
  • Business Papers ( DTI/SEC Registration, Mayor’s Permit, Articles of Partnership/Incorporation, By-Laws, General Information Sheet)
  • Last three (3) years of Income Tax Return (ITR) and Audited Financial Statement (AFS)
  • Last six (6) months bank statement or copy of passbook
  • Photocopy of two (2) valid IDs with specimen signature
  • Latest proof of billing (utility bill, credit card bill, etc.)
  • List of at least three (3) major supplier and customer
  • Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)

For partnership, prepare the following documents:

  • Completed SBL Application Form
  • Business Papers ( DTI/SEC Registration, Mayor’s Permit, Articles of Partnership/Incorporation, By-Laws, General Information Sheet)
  • Last three (3) years of Income Tax Return (ITR) and Audited Financial Statement (AFS)
  • Last six (6) months bank statement or copy of passbook
  • Photocopy of two (2) valid IDs with specimen signature
  • Latest proof of billing (utility bill, credit card bill, etc.)
  • List of at least three (3) major supplier and customer
  • Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)

For corporation, prepare the following documents:

  • Completed SBL Application Form
  • Business Papers ( DTI/SEC Registration, Mayor’s Permit, Articles of Partnership/Incorporation, By-Laws, General Information Sheet)
  • Last three (3) years of Income Tax Return (ITR) and Audited Financial Statement (AFS)
  • Last six (6) months bank statement or copy of passbook
  • Photocopy of two (2) valid IDs with specimen signature
  • Latest proof of billing (utility bill, credit card bill, etc.)
  • List of at least three (3) major supplier and customer
  • Collateral Documents (Copy of TCT/CCT, Tax declaration and location plan/vicinity map)

Aside from requirements for Robinsons Bank Small Business Loan application, the bank also accepts collateral. Here are the collaterals accepted by the bank under the loan offer:

  1. Residential, Commercial and Industrial Property
  2. Deposits (Peso / Dollar TD, regular savings)

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