Guide on Security Bank Business Express Loan Requirements 2025 for Application
SECURITY BANK BUSINESS EXPRESS LOAN REQUIREMENTS 2025 – Company owners who want to apply for the offer should meet these qualifications and documentary requirements for loan application.
Many companies and businesses achieved massive growth fast because of taking risks on loans. Truth be told that insufficient working capital is one of the many reasons that have held businesses from growing fast. For a business loan, one of the entities that you may turn to is Security Bank.
Security Bank is one of the most trusted banks in the Philippines, It has several loan offers which do not only include personal but as well as corporate loans. While the personal loan includes the Security Bank Home Loan, the bank also has the Business Express Loan.
The Security Bank Business Express Loan best suits the financing of an equipment purchase, an office space expansion, and even the day-to-day operations of your business. It is open for sole proprietorships, partnerships, and corporations.
Do you want to apply for the Security Bank Business Express Loan offer as a sole proprietor? There are qualifications as well as documentary requirements that you need to meet and comply with.
Before checking on the Security Bank Business Express Loan requirements, it is best to first check the eligibility requirements for application. The bank has set two (2) lists — for the business and the business owner.
Eligibility Requirements for Business:
- duly-registered to operate as a business in the Philippines
- operating for at least 3 years, and profitable for the latest 1 year
- without outstanding debt that exceeds 40% the company’s monthly income
- the SME loan must be tied to the primary owner of the business
Eligibility Requirements for Business Owner:
- with axisting account with Security Bank (at least 6 months old with PHP 50K ADB) OR Existing credit card (any bank; credit card number/s must be provided in application)
- residing permanent in the Philippines
- at least 21 years of age at the time of application
- not more than 65 years of age upon maturity of the loan
The Security Bank Business Express Loan requirements also vary among sole proprietorships, partnerships, and corporations. If you are a sole proprietor, here are the documents that you should prepare and submit in applying for the loan offer:
Documentary Requirements:
- Signed and Completed Application Form
- Copy of 2 valid IDs with photo from primary applicant / owner / authorized signatory
- Latest ITR with BIR stamp
- Latest (1) year Audited Financial Statements
- Valid DTI Registration docs
- Latest 6 months bank statement
- List of customers/suppliers and details about their dealings
- Valid Business or Mayor’s Permit
The evaluation of the loan application usually takes between five (5) to seven (7) days. According to the bank, if you already have an existing loan account of this type, you may apply for the same loan as long as you have already paid at least half of the amount that you borrowed under the existing account.
Another loan offer of the bank is the Security Bank Auto Loan.