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Business Finance

The document discusses various business finance options including banks, commercial finance companies, and credit cooperatives. China Bank offers personal loans like salary loans and home loans. It requires borrowers to be between 21-65 years old and earn a minimum monthly income. It also lists specific requirements for salary and home loan applications. Commercial finance companies like Small Business Lending Investors provide loans to small businesses that have been operating for 5+ years and are profitable. Credit cooperatives such as San Ezekiel Moreno Parish Cooperative provide pension loans, loans against deposits, salary loans, and entrepreneurial loans to members. Basic membership requirements include attending a seminar and minimum share deposits. Specific loan documentation is also required.

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Cherry Mejorada
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36 views17 pages

Business Finance

The document discusses various business finance options including banks, commercial finance companies, and credit cooperatives. China Bank offers personal loans like salary loans and home loans. It requires borrowers to be between 21-65 years old and earn a minimum monthly income. It also lists specific requirements for salary and home loan applications. Commercial finance companies like Small Business Lending Investors provide loans to small businesses that have been operating for 5+ years and are profitable. Credit cooperatives such as San Ezekiel Moreno Parish Cooperative provide pension loans, loans against deposits, salary loans, and entrepreneurial loans to members. Basic membership requirements include attending a seminar and minimum share deposits. Specific loan documentation is also required.

Uploaded by

Cherry Mejorada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BUSINESS FINANCE

BANK
COMMERCIAL FINANCE COMPANY
CREDIT COOPERATIVE
BANK
• CHINA BANK
China Banking Corporation, commonly known as China Bank, is a Filipino bank
established in 1920. It was the first privately owned local commercial bank in the
Philippines initially catering to the banking needs of Chinese Filipino business
people.
• Salary Loan
• Home loan
• Auto Loan
China Bank
• Borrower’s Eligibility:
 21 years old and not more than 65 years old at the time of maturity of the
loan.
 Business with a minimum of 3 years continuous operation, or a permanent
employee with at least 2 years of tenure, or a professional with 3 years of
practice.
 Application earns P50,000 minimum monthly income and has P100,000
minimum paid-up capital
 Business is at least 60% Filipino-owned or subject to ownership rules
under Philippines Laws for specific industries.
 Business is not owned by or a subsidiary of an entity with assets more
than P100 million.
 Application shall secure the loan with real estate properties either
residential, commercial or industrial.
Salary Loan
• Requirements
-Duly filled-out Company Information Sheet
-SEC Papers (Articles of Incorporation, By-Laws and SEC Registration)
-Latest Company ITR
-Audited Financial Statement for the past 3 years
-Updated General Information Sheet (GIS)
-List of Suppliers and Clients with contact person and contact number (3 each)
-Company Profile
-Updated Employee List (all REGULAR employees) signed by authorized
signatory
BENEFITS TO EMPLOYEES QUALIFACTIONS

- Competitive rates - Operating for at least 5 years


- No resources - Profitable for the last 3
- No co-maker required for the consecutive years
employee - No adverse findings
- Fast turnaround time - With minimum of 50 employees
- Flexible Terms
- Loan up to PHP500,000.00
- FREE Insurance**
- No CMAP/BAP Checking for loans
amounting to P200.000.00 and below
Home Loan

Requirements: Collateral Documents


• General • -Owner’s duplicate copy of the Transfer
-Dully filled out Home Mortgage Loan Certificate of Title (TCT) or Condominium
Application Form Certificate of Title (CCT) – all pages
-Marriage Contract, if married -Contract to Sell OR Reservation
-Proof of Payment for the Appraisal fee- Agreement OR Bank endorsement letter Or
P3,500.00, non-refundable (waived if latest Statement of Account to be provided
collateral is form an accredited by accredited developer (if property is
developer) required from an accredited developer)
Home Loan

Requirements Requirements
• For Employed • For Self-Employed
-Latest 3 months of payslip OR -Photocopy of the last 2 years ITR with
matched Financial Statement (FS)
Latest ITR or certificate of
-Bank statement for the last 6 months
Employment with compensation -Photocopy of DTI registration or SEC
and tenure (required to submit if Papers and latest GIS
allowances are not reflected in the -List of major suppliers and customers
pay slip) with contact details
Auto Loan
• Duty filled-out CBS Auto Loan Application Form
• Latest Back Statements/ Passbook
(3months transactions)
• Certificate of Employment (if employed)
• ITR or BIR Form 2316 or pay slips for at least three (3) months immediately
preceding the date of the loan application.
• For married individuals, the written consent of the spouse must be obtained, except
under the conditions as provided by the law.
DOCUMENTATION
COMMERCIAL FINANCE COMPANY

• Small Business Lending Investors,


Inc.
• After passing the requirements,
• Application/Requirements: the next one must undergo CI
-Business Permit(latest)
-DTI
-Brgy. Clearance
-Valid ID
-2x2 ID Picture
DOCUMENTATION
CREDIT COOPERATIVE
• San Ezekiel Moreno Parish multi-purpose cooperative
. PRODUCT and SERVICES
A. Basic requirements
-PENSION LOAN
- A Filipino Citizen
SSS/GSIS
- Must be 18-80 years old
- LOAN AGAINST DEPOSIT (LAD)
- Attend a Pre- Membership seminar (PMES)
- SALARY LOAN
- ENTREPRENEURIAL LOAN
Must have an existing business
B. MONETARY REQUIREMENTS REGULAR Weekly Collection
MEMBER?
- Membership fee - 100.00 DOCUMENT REQUIRED TO APPLY A LOAN
- Initial Saving Deposit - 100.00 -Purok or Barangay Clearance
- Initial Share Capital - 500.00 ( Latest & Original)
- Minimum Share Capital - 5, 000.00 -Photocopy of Latest Cedula
-TIN
C. ASSOCIATE MEMBER -2 pcs. 2x2 Picture
-Membership Fee - 100.00 -1 pc. Valid ID Photocopy
-Initial Saving Deposit - 100.00 -Initial DDR Voucher (for SSS pensioner)
-Initial Share Capital - 500.00 -Back Statement
Interest Rate:
Pension Loan - 1.5% per month MEMBER’S BENEFITS
LAD Loan - 1.0% per -Interest on Share Capital
month -Patronage Refund
Entrepreneurial Loan: -Dayong/Mortuary
8% in six months -Educational Assistance
DOCUMENTATION

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