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Small Business Loan

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

Small Business Loan is a short/medium secured loan facility for entrepreneurs.

Loan Purpose

  • Working Capital
    • Ex. Purchase of additional inventory
  • Business expansion
    • Ex. Purchase of property for a new store
  • Purchase of equipment for business
  • Other available business opportunities
    • Ex. Venture into a franchise business

Terms

  • Minimum Term: 1 year
  • Maximum Term: 10 years

Loanable Amount

  • Minimum: P 500,000
  • Maximum: P 20,000,000 or based on appraised value of collateral
    • Residential - 70% of appraised value
    • Condominium - 70% of appraised value
    • Mixed-use - 70% of appraised value
    • Commercial - 60% of appraised value
    • Vacant Lot - 60% of appraised value

Who can apply?

  • Sole Proprietorship*
  • Partnership*
  • Corporation*
  • Employed

*In profitable operation for at least two (2) consecutive years

Security/Collateral*

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

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

What is the mode of payment?

  • Payment is made convenient through an Auto Debit Arrangement using your BDO Savings or Current Account

Bank charges*

  • Appraisal Fee (per title):
    • Metro Manila P 3,500
    • Outside Metro Manila P 4,000
  • Handling Fee: P 5,000
  • Mortgage Redemption Insurance (assuming standard rate):
    • Php4.75 for every Php1,000 of the loan amount (assuming standard rate) for up to 49 years old
    • Php6.50 for every Php1,000 of the loan amount (assuming standard rate) for ages 50 to 64 years old
  • Fire insurance: Coverage shall be equal to appraised value of the property and its improvement
  • Registration Expense (based on loan amount)
  • Notarial Fee: P 500
  • Documentary Stamp on Tax (P1.00 for every P200.00 of the loan amount)

*Subject to change without prior notice.

Frequently Asked Questions

  1. When is it best to apply for a Term Loan over a Business Line and vice versa?
    • This will vary on the purpose of your loan.  It is best to avail of a Term Loan when purchasing assets such as a commercial property or equipment while it is wise to apply for a Business Line for replenishment of inventory/supplies or when you require additional working capital.

  2. How long will it take to approve my loan?
    • Between 7 to 10 days, you will receive a loan decision.

  3. Since I am required to provide a collateral for my loan, is it necessary that the real estate property is under my name or can I use a property of another individual?
    • We can accept collateral under the business name or names of individuals who are involved in the business.  Collateral properties under the names other than the above may be accepted on a case to case basis.

  4. At what point in the application process do I need to pay for the bank charges?
    • Appraisal fees are paid upon loan application.  Otherwise, other fees are paid upon loan approval.

  5. If I avail of a Business Line and have not drawn any checks yet, do I need to pay any interest?
    • You pay interest for the availed portion only.

  6. What is the difference between a Term Loan and a Business Line?
    • The difference is based on the business requirements that you need to address.  A Term Loan is ideal for scenarios that require lump sum amount for a single purchase or investment.  An example is when you purchase an additional equipment or commercial space.  Meanwhile, a Business Line is recommended for situations that require multiple purchases over a period of one (1) year.  An example is when you need to increase your inventory for peak months.

    • Furthermore, a Term Loan is payable in equal monthly amortization for a fixed term while a Business Line allows you to just pay interest only plus documentary stamps for the amount that you've used and pay for the  full principal and remaining interest payment upon maturity."

    •  
  7. I already have an existing Small Business Loan with BDO, can I re-avail of another Small Business Loan?  What is the process?
    • Yes you can avail even if you have an existing Small Business Loan.  Just call a Small Business Loan Account Officer or call 667 1556 or visit the nearest branch.

Eligibility Requirements

For Individuals / Sole Proprietors

  • 21 years old at the time of loan application and not older than 65 years old at maturity

  • Business is in profitable operation for at least 2 consecutive years, with minimum annual gross sales of P1 Million

  • With stable source of income from business and/or employment

    • If Employed, at least 2 years of continuous employment (may be waived if rank is at least Manager level)

    • If Professional (doctor, lawyer, etc.), at least 3 years in practice of profession

  • With good credit standing

For Partnerships / Corporations

  • Business is in profitable operation for at least 2 consecutive years

  • With minimum annual gross sales of P1 Million

  • With SEC or DTI registration or application papers if registration is still pending

  • Principal business must be within a BDO serviceable area

  • With good credit standing

Documentation Requirements

     A. Pre-approval Requirements

Basic Documents

  • Completely filled-out application form

  • Two (2) valid IDs

  • Last 2 years Income Tax Return (ITR)

  • Marriage contract, if applicable

Business / Income Documents

For Employed Individual

  • Latest Crew Contract and Employment History

  • Original Certificate of Employment & Compensation

  • Certificate of Employment & Income or Employment Contract (for OFWs)

  • Last 3 months Proof of Remittance (for OFWs)

  • Latest Full-Month Payslip

For Sole Proprietorship

  • Last 2 years Audited Financial Statements

  • Last 6 months Bank Statements or photocopy of passbook with transaction records for the past 6 months

  • Department of Trade & Industry (DTI) Registration

  • Business Permit / Mayor’s Permit

  • Business Background / Company Profile

  • List of major suppliers and customers (minimum of 3) with contact information

For Partnership

  • Last 2 years Audited Financial Statements

  • Last 6 months Bank Statements or photocopy of passbook with transaction records for the past 6 months

  • Securities & Exchange Commission (SEC) Registration

  • Articles of Partnership

  • Business Background / Company Profile

  • List of major suppliers and customers (minimum of 3) with contact information

For Corporation

  • Last 2 years Audited Financial Statements

  • Last 6 months Bank Statements or photocopy of passbook with transaction records for the past 6 months

  • Securities & Exchange Commission (SEC) Registration

  • Latest Amended Articles of Incorporation & By-laws

  • List of Elected Officers

  • Board Resolution or Secretary’s Certificate

  • Business Background / Company Profile

  • List of major suppliers and customers (minimum of 3) with contact information

Collateral Documents

  • Copy of TCT/CCT

  • Copy of Tax Declaration

  • Appraisal Fee with Official Receipt

  • Building Plan or Floor Plan (for Construction Loan)

  • Bill of Materials and Labor Cost (for Construction Loan)

  • Building specifications certified by Architect / Civil Engineer (for Construction Loan)

  • Latest Statement of Account and Official Receipts for the last three (3) months (for Refinancing / Loan Take-Out)

  • Copy of Lease Contracts and Title for Income from Rented / Leased Properties (if applicable)

 

     B. Post-approval Requirements

  • Original Owner’s duplicate copy of TCT/CCT

  • Original Certified True Copy of latest Tax Declaration on land and improvement

  • Master Deed of Declaration (for condominium)

  • Original Certified True Copy of Tax Clearance

  • Original Real Estate Tax Receipts

  • Electronic-certified True Copy of TCT/CCT with Original Official Receipt

  • Mortgage Redemption Insurance

  • Fire Insurance

  • Payment of Bank Charges (if applicable)

 

 

 

 

Commercial Properties For Sale

BDO Small Business Loan can help you obtain that much needed commercial space for your business.  To get you started, click on the link below to go to the Real Estate web page. 

Once there, just click on the dropdown button in the Type Field and choose “Commercial”.  You will see a list of available commercial properties for sale.  You also have the option to indicate your preferred area and price range.

List of Commercial Properties for Sale

 

To know more about a commercial property you’re interested in, you may get in touch with the BDO Asset Management Group at (02) 702-7088 / (02) 702-6000.

If you wish to apply for a BDO Small Business Loan to purchase a commercial property, please call (02) 667-1624 / (02) 631-8000 or click here for the online application form.

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Apply Online Download form and submit to branch

For Inquiries

Call BDO Customer Center at 631-8000 Provide your contact details
  • Minimum Loan Amount
    P500,000
  • Maximum Loan Amount
    P20,000,000 or up to 70% of the appraised value of the collateral
  • Loan Term
    1 year to 10 years
 
 
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