DefiCapitalAssets Mortgage Loan
This loan is perfect for larger SMEs who are looking to make big purchases or investments to scale their business.
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Benefits
High loanable amount
Borrow up to $15M as long as you have the collateral to secure it.
Low interest rates
Compared to other secured business loans in the market.
Fast approval
Get approved in as fast as 15-20 working days.
Flexible loan terms
Loan terms can be up to 20 years depending on the bank’s valuation.
Requirements
- Signed and Completed Application Form
- Copy of 2 valid IDs with photo from primary applicant / owner / authorised signatory
- Latest ITR
- Latest (1) year Audited Financial Statements
- Latest 6 months bank statement
- Valid Business Permit
- Certificate of Business Name Registration (for sole proprietorship) or Articles of Partnership (for partnership business)
- Authorization letter (for bank, business and trade checkings)
Eligibility Criteria for Sole Proprietorship
IF STARTUP: Financial Projections and Prospects (if applying as a startup or if business has been in operation for less than 3 years)
- Completely filled out and signed loan application form
- Company profile: background, owners, key officers
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/signatories of the loan
- SEC papers:
- Corporation – Certificate of Incorporation, Articles of Incorporation, By-laws and General Information Sheet, Board Resolution
- Partnership – SEC Certificate, Articles of Partnership, Partnership Resolution
- Latest Bank Statements (latest 6 months with debits and credits)
- Latest ITR
- Authorization letter (for bank, business and trade checkings)
- Suretyship of majority owner/s
- Valid Business permit
IF STARTUP: Financial Projections and Prospects (if applying as a startup or if business has been in operation for less than 3 years)
Additional Documents for Start-up Businesses with Employed Owner/s
- Clear copy of one valid ID (photo-bearing government issued) of borrower/spouse/co-borrower/signatories of the loan
- Certificate of Employment and Compensation (COEC) / Employment Contract OR Latest 3 months payslips OR Latest ITR (BIR form 2316)
- Certificate of Business Name Registration (for sole proprietorship) or Articles of Partnership (for partnership business)
- Authorization letter (for bank, business and trade checkings)
- Registered business with the Securities and Exchange Commission or Department of Trade and Industry
- Business should be registered as either Sole Proprietorship, Partnership, or Corporation
- At least 3 years in operation.
- Must exhibit profitable operations
- Start-up businesses (operating less than 3 years) are acceptable on a case-to-case basis
Required Documents needed for Business
- Collateral Docs for Real Estate
- Copy of collateral title
- Lot plan and vicinity/location map
- Tax declaration on land and/or improvement
Additional documents
- Proof of amortization payments for the last 3 months
- Statement of account from bank
Additional Documents for Specific Loan Purpose
LOAN TAKEOUT
- Bill of materials and estimates of construction and labor cost
- Floor and building plan and specifications
CONSTRUCTION OR RENOVATION