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What are the requirements for a business loan
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Feb 03, 2021

What are the requirements for a business loan

There are several types of business financing for SMEs in the Philippines that you may take advantage of. Depending on where you get it from, documentary requirements might differ from one financial institution to another.


At Esquire Financing Inc., we like to keep our online business loan application simple as possible. That is why we made our requirements for loan applications easy to procure. If you are a legitimate business owner, here are the requirements steps on how to apply for a business loan:


Mandatory requirements for all business owners who want to apply:


  • Duly filled out and signed Application Form (Version - LAP.10.2017)

  • TIN ID and any other government-issued ID proof of the Principal Borrower

  • Latest three (3) months Bank Statement and Bank Certification

  • Photocopy of valid Barangay Business Clearance

  • Photocopy of valid Mayor's Permit

  • 2" x 2" ID picture of the Principal Borrower

  • Picture of the Business

    • 1 Picture of Exterior - Picture of the business premise from outside with signboard and its surroundings

    • 1 Picture of Interior - Picture of business inventory

  • Proof of billing (not older than 2 months) for Business and Residence (e.g. electricity/water/cable etc.)

  • Sketch/map of Business and Residence location with the nearest landmark


Additional requirements per type of business


  • For Sole Proprietors:

    • DTI Certificate of Business Name Registration (original; and renewal, if any)

  • For Partnerships:

    • Business TIN ID proof (BIR Certificate of Registration)

    • SEC Certificate of Incorporation/Registration

    • Latest Articles of Partnership & By-Laws

    • Partners' Resolution (EFI prescribed format: Version- PR.10.2017)

  • For Corporations:

    • Business TIN ID proof (BIR Certificate of Registration)

    • SEC Certificate of Incorporation/Registration

    • Latest Articles of Partnership & By-Laws

    • Latest General Information Sheet (GIS)

    • Secretary's Certificate (EFI prescribed format: Version- SC.10.2017)


As a legitimate business owner, it should be fairly easy for you to obtain these business loan requirements. Once completed, you can submit these requirements to your trusted Loan Specialist or in any of our branches nationwide.


If you want to know more about our business loan, visit our website and fill out the online form. Our Customer Service team will help you with your online business loan application.


Grow your business with the help of our fast, hassle-free non-collateral business loan. Start your online loan application today by visiting esquirefin.co/loans