Guide on Robinsons Bank Business Loan 2023 Application Process
ROBINSONS BANK BUSINESS LOAN 2023 – Here is a guide on the interest rate under the Robinsons Bank’s “Small Biz” loan offer.
Are you looking for an entity that can provide you with a loan to expand your business or fulfill any other business purposes? In the Philippines, one of the entities that you may turn to is the Robinsons Bank.
The Robinsons Bank actually has several loan offers. One of them is the “Small Biz” Loan which is the Robinsons Bank Business Loan 2023 which aims to help business owners achieve several purposes.
You may apply for the Robinsons Bank Business Loan 2023 to fund any of the following loan 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
The loanable amounts under the Robinsons Bank Small Business Loan vary depending on the actual need but the bank has provided details about the range. You may repay the loan from one (1) year up to 10 years.
There is an easy process for Robinsons Bank Business Loan 2023 application. Here are the steps that you may follow for application:
Make sure you are qualified. There are eligibility requirements in applying for the loan offer depending if you are employed, a sole proprietorship, a partnership, or a corporation.
Employed Applicants
- Permanent/Regular employee
- at least one (1) year with the current employer
- continuity of employment is at least three (3) years
Sole Proprietorship, Partnership, Corporation
- operating for more than 3 years
- profitable in the latest three (3) years of operation
To make sure your business belong to the groups of businesses considered with the said size, here is a guide according to Robinsons Bank:
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
Prepare the Requirements. You need to prepare the necessary documentary requirements for Robinsons Bank Small Business Loan application. Make sure you have all the documents needed.
Submit the Requirements. Go to a branch of the Robinsons Bank and submit your documents. Wait for the result of your loan application.
