Guide on Security Bank Business Express Loan Requirements 2025 for Application
SECURITY BANK BUSINESS EXPRESS LOAN REQUIREMENTS 2025 – Corporations who want to apply for the offer should meet these qualifications and documentary requirements for loan application.
Many people like the luxury of time that owning a profitable business can give. Unlike in the world of employment where you are mandated to do your job during specific hours of the day, a profitable business can pave the way for extended hours in bed most especially when you have your trusted team to run your business. Thus, are you up to taking your business to the next level?
Many want their businesses to achieve massive growth fast. However, only a few have business resources that are enough to put it on a different level. Meanwhile, there are trusted loan-providing entities that you can turn to just like the Security Bank Home Loan.
The Security Bank has several loans that are up for both employed and self-employed individuals. Aside from the Security Bank Home Loan offer, it also has the Security Bank Business Express Loan which can finance the purchase of equipment for a business, the expansion of an office space, as well as the day-to-day operations.
The Security Bank Business Express Loan is open not only for sole proprietorships but as well as corporations. Do you want to check out the eligibility and documentary requirements for application?
The requirements in applying for the Security Bank Business Express Loan offer vary depending if you are applying as a sole proprietor or as a corporation. As a corporation, here are the qualifications for application as well as the documents that you need to submit:
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
The loan application evaluation may take between five (5) to seven (7) working days. It is important to submit a complete set of documentary requirements. Aside from the business loan offer, the bank also has the Security Bank Auto Loan.