CANBNK has bridged the gap between banks and small businesses
by giving them access to much needed capital.
BUSINESS ENTERPRISE LOAN
Are you looking to expand your
small business? Contact our loan officer
today to find out which product is right
for your business.!
Loanable amount: P350,000 – P25,000,000
Loan Term: 12 Months to 36 Months for working capital; Up to 60 Months
for capital expenditures
Eligibility criteria:
- 21 to 70 years old;
- Business activity for at least three (3) years of sole proprietorship;
- Permanent resident within service area of the branch for at least three (3) years;
- Must be willing to maintain basic set of books;
- Must be willing to submit monthly, quarterly, semi-annual or annual listing of
- inventory or receivables and assist in the inspection and verification of said inventory and receivables as stipulated in the loan agreement;
- Willing to divulge existing loans and collaterals – bank and non-bank.
If loans with other institutions are hard collateral, CBI has similar collateral or collateral to
be transferred to CBI if possible;
- Must be willing to submit the true financial statement or willing to cooperate during financial validation;
- Must be willing to cooperate in the regular monitoring process based agreement.