Guide on Requirements for UnionBank Business Loan Application – What To Prepare
REQUIREMENTS FOR UNIONBANK BUSINESS LOAN – Here is a guide on the documents that you need to submit in applying for UnionBank Business Loan.
A lot of people want to venture into the business field but there is a common problem that holds them back – insufficient capital. Many individuals would hesitate to borrow an amount even from family members or relatives to fund a business considering that it is a sensitive venue for money.
Truth be told that a business is risky – it can leave you losing your working capital and even with stuck debts. However, on the other side, a successful business has also uplifted a lot of people’s lives. They got several folds of the returns.
If you are really determined to start or grow your own business, there are now a lot of entities that you can turn to help you with the working capital. You can turn to the offers of banks and lending companies.
UnionBank Philippines is one of the trusted banks that you can turn to. There are documentary requirements for UnionBank Business Loan application that you must prepare and submit to UnionBank.
Requirements for UnionBank Business Loan Application
If applying as sole proprietorship or partnership…
- Valid ID (Primary)
- Selfie Image
- Business or Inventory Photo
- Proof of Business Existence (at least one (1) month of any of the following documents issued within a maximum of three (3) months before the date of application):
- Proof of Sales (any of the following): Invoices / Official Receipt / Purchase Order
- Proof of Billing (matching business or personal address): Electricity / Internet Service Provider / Water Bill
If CORPORATION additional requirements will be:
- Board Resolution to Borrower (please email [email protected] for UBP template)
You may also read – APPLY for UnionBank Cash Loan – Step-by-Step Guide in Application
