Maybank Retail SME offers customized facilities that will suit your financial requirements. Borrow from Php 500,000 to Php 30 Million via these loan packages:
- Revolving Credit Line – for short term working capital needs that can be used for inventory build-up and for liquidating receivables.
- Term Loan – For long-term working capital requirements that can finance your business expansion, acquisition of fixed assets, machinery equipment and other business development projects.
Features
- Loan amount: Php 500,000 to Php 30,000,000
- One (1) Year Credit Line Facility or Term Loan
- Prevailing Market Rates
- Loan Term
90 – 120 days PN term for Revolving Credit Line and Discounting Line
Up to maximum of 20 years for Term Loan
Documentary Requirements
- Completely accomplished Loan Application Form duly signed by the borrower/s.
- Latest 2 years Audited Financial Statements and Income Tax Returns
- Latest 2 years Management /In-house Financial Statements
- SEC Articles of Incorporation / Partnership and By-Laws / DTI Business Name Registration/GIS/Business Permits
- Latest 6 months Bank Statements with major depository banks
- List of customers and suppliers with contact details
- Company profile or business background
- Statement of Assets and Liabilities of major stockholders (if corporation)
- Resume of principals
- Government issued IDs of Principals
- Photocopy of Transfer Certificate of Title or Condominium Certificate of Title
- Tax Declaration (Lot & Improvement)
- Lot plan with vicinity map / floor plan for condominium
REVOLVING CREDIT LINE
If you need flexibility to draw down a portion of the approved loan amount and repay the loan as often as you can, Maybank has a revolving credit line for you. Pay interest on the used portion of the loan up to maximum of 180 days PN. Validity of the loan is until 1 year from date of approval.
If you are a single proprietor, part of a partnership, or a corporate, then you can apply for a Revolving Credit Line.
Requirements
- Company Profile (kindly include product line)
- Business Papers: Articles of Incorporation with By-Laws, Latest GIS, DTI/SEC Registration, Business Permit
- Three (3) years ITR and Audited Financial Statements
- Three (3) years In-House Financial Statements (if applicable)
- Latest 6 months bank statement with main depository bank (if applicable)
- List of Customers and Suppliers with contact details
- Photocopy of TCT/CCT with Tax Declaration and RETR (if applicable)
- Location Plan (if applicable)
TERM LOAN
Maybank provides you the flexibility to choose between less than a 360-day short term loan or a 3, 5 or 10 year long term loan. You can use Term loan for the following:
- Project Financing
- Modernization of facilities
- Acquisition of goods and services
- Business expansion
If you are a single proprietor, part of a partnership, or a corporate, then you can apply for a Term Loan.
Requirements
- Company Profile (kindly include product line)
- Business Papers: Articles of Incorporation with By-Laws, Latest GIS, DTI/SEC Registration, Business Permit
- Three (3) years ITR and Audited Financial Statements
- List of Customers and Suppliers with contact details
- One year projections
- Project details
- Photocopy of TCT/CCT with Tax Declaration and RETR (if applicable)
- Location Plan (if applicable)
