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Tuesday, May 22, 2018

Business Owners? Here's How To Apply For BDO SME Loan

Working abroad as an overseas Filipino worker (OFW) is a great opportunity to earn but no matter how long you work, you will eventually come home for good. Starting a small business might save you from worrying about your retirement. It could be much better if you start early, no matter how small.
When you eventually want it to expand, you can avail of business loan program from banks, like the BDO SME Loan.
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Working abroad as an overseas Filipino worker (OFW) is a great opportunity to earn but no matter how long you work, you will eventually come home for good. Starting a small business might save you from worrying about your retirement. It could be much better if you start early, no matter how small. When you eventually want it to expand, you can avail of business loan program from banks, like the BDO SME Loan. Advertisement Sponsored Links To apply for a loan, there are few easy steps to follow. Note that only those who have existing small businesses are qualified to apply. Step 1: Check your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Business Owners • Sole Proprietorship, Partnership, Corporation • Business is in profitable operation for at least 2 consecutive years • Minimum annual gross sales of 1 Million • Business is within a BDO serviceable Step 2: Prepare the Documents COLLATERAL AND SUPPORT DOCUMENTS • Photocopy of Title • Lot plan with vicinity map • Tax declaration • Special Power of Attorney (SPA), if applicable For Construction Loan • Building / Floor Plan of the proposed improvement • Bill of Materials • Specifications of proposed finishes For Refinancing / Loan Take-out • Statement of Account from current bank • Official receipts for the last three (3) months *Other documents may be required upon evaluation Step 3: Submit Application Form and Requirements Submit through any of the following channels: • Apply Online • BDO SME Loan Provincial Business Centers • More than 1,000BDO Branches Nationwide For more information, you can visit the nearest BDO Branch in your area or visit their website at https://online.bdo.com.ph/ READ MORE: OFW Help Desks From TESDA Now Available at International Airports Signs That You And Your Partner Have An Unhealthy Communication It's More Deadly In The Philippines? Tourism Ad In New York, Vandalized Earn While Helping Your Friends Get Their Loan List of Philippine Embassies And Consulates Around The World Deployment Ban In Kuwait To Be Lifted Only If OFWs Are 100% Protected —Cayetano Why OFWs From Kuwait Afraid Of Coming Home? How to Avail Auto, Salary And Home Loan From Union Bank

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To apply for a loan, there are few easy steps to follow. Note that only those who have existing small businesses are qualified to apply.

 Step 1: Check your Qualifications
At least 21 years old but not exceeding 70 years old at the end of the loan term

Business Owners
• Sole Proprietorship, Partnership, Corporation
• Business is in profitable operation for at least 2
consecutive years
• Minimum annual gross sales of 1 Million
• Business is within a BDO serviceable

Step 2: Prepare the Documents

COLLATERAL AND SUPPORT DOCUMENTS
• Photocopy of Title
• Lot plan with vicinity map
• Tax declaration
• Special Power of Attorney (SPA), if applicable

For Construction Loan
• Building / Floor Plan of the proposed improvement
• Bill of Materials
• Specifications of proposed finishes

For Refinancing / Loan Take-out
• Statement of Account from current bank
• Official receipts for the last three (3) months

*Other documents may be required upon evaluation

Working abroad as an overseas Filipino worker (OFW) is a great opportunity to earn but no matter how long you work, you will eventually come home for good. Starting a small business might save you from worrying about your retirement. It could be much better if you start early, no matter how small. When you eventually want it to expand, you can avail of business loan program from banks, like the BDO SME Loan. Advertisement Sponsored Links To apply for a loan, there are few easy steps to follow. Note that only those who have existing small businesses are qualified to apply. Step 1: Check your Qualifications At least 21 years old but not exceeding 70 years old at the end of the loan term Business Owners • Sole Proprietorship, Partnership, Corporation • Business is in profitable operation for at least 2 consecutive years • Minimum annual gross sales of 1 Million • Business is within a BDO serviceable Step 2: Prepare the Documents COLLATERAL AND SUPPORT DOCUMENTS • Photocopy of Title • Lot plan with vicinity map • Tax declaration • Special Power of Attorney (SPA), if applicable For Construction Loan • Building / Floor Plan of the proposed improvement • Bill of Materials • Specifications of proposed finishes For Refinancing / Loan Take-out • Statement of Account from current bank • Official receipts for the last three (3) months *Other documents may be required upon evaluation Step 3: Submit Application Form and Requirements Submit through any of the following channels: • Apply Online • BDO SME Loan Provincial Business Centers • More than 1,000BDO Branches Nationwide For more information, you can visit the nearest BDO Branch in your area or visit their website at https://online.bdo.com.ph/ READ MORE: OFW Help Desks From TESDA Now Available at International Airports Signs That You And Your Partner Have An Unhealthy Communication It's More Deadly In The Philippines? Tourism Ad In New York, Vandalized Earn While Helping Your Friends Get Their Loan List of Philippine Embassies And Consulates Around The World Deployment Ban In Kuwait To Be Lifted Only If OFWs Are 100% Protected —Cayetano Why OFWs From Kuwait Afraid Of Coming Home? How to Avail Auto, Salary And Home Loan From Union Bank
Step 3: Submit Application Form and Requirements

Submit through any of the following channels:

• Apply Online
• BDO SME Loan Provincial Business Centers
• More than 1,000BDO Branches Nationwide

 For more information, you can visit the nearest BDO Branch in your area or visit their website at https://online.bdo.com.ph/
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