Check Here the UnionBank Business Loan Offer Dealers Financing Line Features
UNIONBANK BUSINESS LOAN – Here is a guide on the Dealers Financing Line offer’s features and application process.
Are you one of the business owners who are excited to take your business to the next level? Banks are among the entities that you may turn to and if you want a reputable entity, one of those with special loan offers is the UnionBank.
UnionBank is one of the longest-operating banks in the Philippines. Being in the service of the Filipino people for decades already, the reputable banking entity has both personal and business finance products and services. It has different credit card offers including the UnionBank U Visa Platinum Credit Card and the UnionBank Go Rewards Visa Credit Card.
Aside from the credit card offers, the bank also has different kinds of loan offers including the UnionBank Car Loan. Also one of the loan offers of the bank is the UnionBank business loan Dealers Financing Line.
The Dealers Financing Line is a “Revolving Credit Line for Buyers designed to provide additional working capital and extended payment terms based on the 12th month historical purchase from the seller”. It has the following benefits:
- up to Php 10 million is loanable with a standby credit line for the purchase of the client’s orders from anchors from FMCG and other industries
- with flexible payment terms
- collateral-free
- available and outstanding balances are viewable online
How does this UnionBank business loan offer work? Aside from the cash payment, the process includes the issuance of invoice, the acceptance invoice, and the debiting from the dealers financing line to provide the immediate need of the client.
To apply for the Dealers Financing Line, here are the documentary requirements set by the UnionBank for application:
- duly-accomplished UnionBank Dealers Financing Line Application Form
- Business Papers (DTI/SEC)
- 2 Year Audited Financial Statements (PHP 3M and above loan)
- 1-Year Income Tax Return (PHP 3M and above loan)
- Copy of Valid Government-issued IDs of Major Stockholders/Owners
- Dealer’s Historical Data + Endorsement Letter from Principal
Aside from the business loan offer, the bank also has the UnionBank Personal Cash Loan offer that is ready to assist multiple needs. The bank also has the UnionBank Home Loan offer.