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| Business & Consumer Loans |
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| Discounting Line |
| Turn your receivables and post-dated checks from your customers into cash by discounting them to address gaps in your company's cashflow. |
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| A short-term revolving credit line available through the discounting of acceptable third party customers' post-dated checks with the bank, or trade receivables from customers evidenced by purchase orders, delivery receipts, sales invoices |
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| Term of loan: 1 year |
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| Interest rate: depends on prevailing market rates |
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| Lumpsum is paid upon maturity, while interest is discounted in advance. |
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| Secured by real estate mortgage, continuing suretyship of the principals, third party post-dated checks or purchase orders and delivery receipts, deed of assignment of receivables |
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Eligible Corporate Borrowers
Single proprietorships, partnerships, corporations
Must have been in continuous operations for the past 3 years
Must have been profitable over the past 3 years
Nature of business should be legitimate and acceptable
Document Requirements for Business Loans
Company Background with Nature of Operations
DTI / SEC / Articles of Incorporation
Updated Biodata of Key Officers and Stockholders or Owners
List of Affiliates with a Brief Company Background
3 Years Income Tax Return and Audited Financial Statements
3 Years In-house Financial Statements
Latest Interim Financial Statements
List of Bank References with respective facilities and amount
Bank Statements for the past 6 months
List of Suppliers and Customers
List of Inventories (equipment, machinery, etc.)
List of Affiliates with a Brief Company Background
Copy of title, tax declaration and location map for properties to be offered as collateral
Project Description
Bill of Materials
Building Plan
Loanable amount
Depends on actual working capital requirements
Minimum of P300,000 to a maximum of P20,000,000
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For inquiries, call our Customer Hotline at 924-5777 or email us at customerhotline@asiatrustbank.com.
Contact us online for your feedback. |
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