With BDO Small Business Loan, you can immediately respond to prospects and manage challenges.

Small Business Loan is a short to medium-term secured loan facility for entrepreneurs to address their business financing requirements such as additional capital, purchase of property or equipment for business and other available business opportunities.

The product allows you to maximize the use of your assets by using it as a collateral to avail of a loan, minimum of one million pesos (P1,000,000.00) to a maximum of ten million pesos (P10,000,000.00). It also gives you flexibility with payments terms, from 1 year to 10 years.

Who can apply?

Sole Proprietorships, Partnerships and Corporations that have been operating profitably for at least 2 years. The business must have at least P1 million annual gross sales and must be within a BDO serviceable area.

[Click here to apply online]

What can I use as collateral?

You can use any of the following residential and commercial properties as collateral*:

-Single-Detached	- Vacant Lots
-Townhouses	- Mixed-use(Residential & Commercial)
-Duplex	- Apartments
-Condominiums	- Commercial Properties

                                                         

*Proposed collateral must be free from liens & encumbrances and must be located within BDO serviceable areas.

What are the available payment facilities?

Payment is made convenient thru an Auto Debit Arrangement using your BDO Savings or Current Account.

Documentary Requirements:

A. Business Papers

• Completely filled-out application form


• Latest Income Tax Return OR BIR Form 2316 OR Payslip for at least three (3) months


• Audited Financial Statements for the past two (2) years


• Any of the following:



- Certificate of Business Registration with Department of Trade and Industry (DTI)

- Copy of SEC Registration/Articles of Incorporation/By-Laws (for corporate business)

- Copy of SEC Registration, Articles of Partnership (for partnership)

- Statement of Account or photocopy of passbook for the past six (6) months

- List of major suppliers and customers with contact information (at least three)

- Business Background/Company Profile

B. Collateral Papers

• Copy of TCT/CCT

C. For Construction Loans

• Building Plan or Floor Plan


• Bill of Materials and Labor Cost


• Building Specification Certified by Architect and a Civil Engineer

D. Others

• Owner’s Collateral Appraisal Authorization


• For Refinancing/Loan take-out, statement of account and official receipts for the last three (3) months


• Copy of Lease Contracts & Title for income from rented/leased properties (if applicable)


• Marriage Contract of all parties to the transaction, if applicable


• Valid ID


• Appraisal Fee

E. Post Approval Requirements

• Original copy of TCT/CCT


• Latest Copy of Tax Declaration on land and improvement


• Updated Real Estate Tax Receipts


• Original Tax Clearance


• Master Deed of Declaration (for condominium)

Bank Charges

• Appraisal Fee – P3,500.00 (Metro Manila)

-    P4,000.00 (Outside Metro Manila)
• Mortgage Redemption Insurance:

-    P4,430 for every million assuming standard rating
• Fire Insurance:

-   Coverage shall be equal to the appraised value of the property and its improvements.