Guide on Requirements for Vidalia Lending Business Loan Offer Application
REQUIREMENTS FOR VIDALIA LENDING BUSINESS LOAN – Here are the eligibility criteria and the documents needed in applying for the loan offer.
Are you planning to expand your business but you lack the sufficient funds needed to push through with it? You may turn to business loan offers. One of those with a business loan offer is the Vidalia Lending Corp.
The Vidalia Lending Corp. Business Loan offer is open to fund several purposes such as the following:
- Purchase of a new equipment
- Merging of debts to save money from multiple interests
- Increase the manpower
- Expanding / Growing the business
Who are qualified to apply for the loan offer? Here are the qualifications or the eligibility requirements for Vidalia Lending Business Loan application:
- Filipino
- 20 – 60 years old
- With minimum Net Monthly Income of ₱50,000.00
- Business must be 3 years in existence
- With existing locally-issued credit card, active for 1 years and with a credit limit of at least ₱50,000.00
- With landline or postpaid mobile number
Documentary Requirements for Vidalia Lending Business Loan:
- two (2) valid IDs (Company ID, Passport, Driver’s License, SSS/GSIS)
- Photocopy of DTI Permit / SEC Registration with GIS
- Photocopy of Latest three (3) Months Bank Statement (under Business and/or Personal Account)
- Utility Bill (under client’s present home address)
- Proof of Billing (electricity, water, landline)
- Latest ITR with Audited Financial Statement
- 3 Trade Reference or list of Suppliers/Clients
- Photocopy of Latest Business/Mayor’s Permit
You can repay the Vidalia Lending loan between two (2) to twelve (12) months. The form of payment is the issuance of Post Dated Checks (PDCs).
Aside from the business loan offer, Vidalia also offers a Salary Loan and there are requirements, both eligibility and documentary, in applying for this other loan offer.