Guide on Robinsons Bank Small Business Loan 2023 Loanable Amounts
ROBINSONS BANK SMALL BUSINESS LOAN 2023 – Here are the minimum and maximum loanable amounts under the “Small Biz” loan of Robinsons Bank.
Are you looking for an entity where you can apply for a loan to fund your business? The Robinsons Bank, one of the most popular and trusted savings banks in the Philippines, is one of the entities that you may turn to.
The Robinsons Bank has the “Small Biz” loan offer. It is open for employed individuals, sole proprietors, corporations, and partnerships. It is open to serve several business-related purposes.
You may apply for the Robinsons Bank “Small Biz” loan offer to fund any of the following business-related purposes:
- 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
In the case of employed individuals, to qualify for the loan offer of Robinsons Bank, the borrower must meet the following documentary requirements:
- Permanent/Regular employee
- at least one (1) year with the current employer
- continuity of employment is at least three (3) years
For sole proprietors, corporations, and partnerships, the following eligibility criteria must be met for qualification to the loan offer:
- operating for more than 3 years
- profitable in the latest three (3) years of operation
With regards to the Robinsons Bank Small Business Loan 2023 loanable amounts, it is subject to the assessment of the bank. Meanwhile, it has provided the range such as the following:
- Minimum Loanable Amount — P500,000.00
- Maximum Loanable Amount — P20,000,000.00
The loanable amounts under the Robinsons Bank Small Business Loan 2023 depends on the evaluation of the bank based on the documents submitted to them. The following collaterals may also help in the loan application:
- Residential, Commercial and Industrial Property
- Deposits (Peso / Dollar TD, regular savings)
If you are unsure whether or not your business or your loan application purpose qualifies to the “Small Biz” loan offer, here are the categories determined by the Robinsons Bank that classifies 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
To apply for the offer, prepare the requirements for Robinsons Bank Small Business Loan application. Make sure to have all the original copies of the documents required by the bank for application.
