Guide on Robinsons Bank Small Business Loan Features
ROBINSONS BANK SMALL BUSINESS LOAN – The bank is ready to help you grow your small business by providing extra financial resources.
Nowadays, more and more people go on a business venture. Undeniably, countless individuals earned several folds of their money following a successful business thus a lot of people are hopeful to experience the same.
However, there is always a common problem — insufficient working capital. Worry no more. There are entities that you can turn to just like the Robinsons Bank. It has several loan offers and one of them is the Go! Small Biz loan.
- Additional working capital requirements / purchase of inventories
- Business Expansion
- Purchase of machineries and equipment
- Loan take-out from other banks
- Acquisition of land or property
- Start-up business (Franchising)
Under the Robinsons Bank Small Business Loan offer, the loan applicant may borrow at least Php 500,000 up to Php 20,000,000. The offer is open for employed individuals, sole proprietorships, partnerships, and corporation provided that the eligibility requirements are met:
- Employed Individual — Permanent/Regular employee for at least one (1) year with the current employer and Continuity of employment is at least three (3) years
- Sole-proprietorship, Partnership, Corporation — Operating for more than 3 years and latest 3 years should be profitable
Aside from the qualifications, there are also Robinsons Bank Small Business Loan requirements in applying for the offer. Here is a guide:
Employed Individual
- 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)
Sole Proprietorship, Partnership, Corporation
- 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)
If you are running a business and you want to widen the resources of your employees, you may have your business accredited to the Robinsons Bank. It has a Corporate Salary Loan Program offer.
