Guide on UCPB Franchise Loan Qualifications for Businesses
UCPB FRANCHISE LOAN – Here is a guide on the qualifications set by United Coconut Planters Bank (UCPB) for franchise businesses.
A lot of people reached the pedestal of success through a progressive business. Truths be told that the business field requires two types of readiness – the readiness to start and put everything you can into your business and the readiness to wherever it will lead you.
A business is a venture. There are those who are successful while there are also those who were lost their capital and those who were left in debts. Meanwhile, careful planning, enough resources, and steadfast faith can really help.
When it comes to resources, you may turn to some entities like the United Coconut Planters Bank. This bank offers the UCPB Franchise Loan.
This UCPB loan offer is open for new franchise business applicants. According to the bank, it cannot cater applications of owners of existing or operational franchise businesses.
The bank has set qualifications under this business loan offer. This UCPB Franchise Loan is open for franchise businesses that pass the following eligibility requirements:
- Small and Medium Enterprise Classification
- SEC or DTI Registered
- Filipino-owned and established company
- At least 3 years as Franchise Operator
- With at least 3 company-owned and 3 franchise outlets
- Preferably a member of any recognized franchise or business group
Do you want to apply for this loan offer? You will have to submit the following requirements to UCPB:
- Franchise Documents
- Valid Franchise Agreement/Endorsement
- Lease Agreement/Proof of Ownership of the location
- Franchise Investment Quotation
- Franchise Income Projection
- Checking Account
- Employment or Self-Employed Income Documents
Thank you for visiting our website. We hope we have helped you with regard to this matter. You may keep coming back for more informative guides.
READ ALSO: UCPB Loans Loanable Amounts – Guide On How Much You Can Borrow
