Guide on Security Bank Business Express Loan Requirements 2025 for Application
SECURITY BANK BUSINESS EXPRESS LOAN REQUIREMENTS 2025 – Partnerships who want to apply for the offer should meet these qualifications and documentary requirements for loan application.
Are you and your business partner planning to take your business to the next level? You might be among those who are in a business partnerships that are in need of additional cash to get your venture to the next level. There are entities that you can turn to.
In the Philippines, one of the trusted entities that have crafted a wide range of business offers is the Security Bank. In fact, it does not only have business loans but as well as personal loans. These offers are apart from the long list of bank accounts and credit cards that the financial entity offers.
Aside from the Security Bank Home Loan offer, the bank also has the Security Bank Business Express Loan. The financial product aims to provide solutions for the need for cash for equipment purchases, day-to-day operations, and office space expansion.
The Security Bank Business Express Loan offer is open not only for sole proprietorships but as well as partnerships. Below, you can check the Security Bank Business Express Loan qualifications for application as well as requirements.
Here are the qualifications set under the loan offer:
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
- SME loan must be tied to the primary owner of the business.
- Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
- If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan
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
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/SEC Registration documents and GIS
- Latest 6 months bank statement
- List of customers/suppliers and details about their dealings (The following documents will be required by the bank prior to loan booking:
- Partnership / Board Resolution (authorizing signatory for accounts and loan, credit investigation on both the business and owners)
- Continuing Suretyship Agreement (for corporations) Client will be given templates at point of application to prepare for the loan decision )
- Valid Business or Mayor’s Permit
Once you already have all the documents required in applying for the loan offer, you may visit the branch of Security Bank nearest to you and submit your documentary requirements. The credit evaluation process may take between five (5) to seven (7) working days.
Aside from the business loan offers, the bank also has the Security Bank Auto Loan.