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Feb 03, 2021

What are the requirements for a business loan

Depending on where you get it from, documentary requirements for a business loan might differ from one financial institution to another.


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


At Esquire Financing, we like to keep it simple. That’s why we made our documentary requirements easy to procure for all registered business owners who are in operations for at least 1 year and have a checking account active for at least 6 months with any local banks. Here’s a list of EFI’s minimal documentary requirements 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 easy for you to obtain and submit these requirements to your trusted Loan Specialist or in any of our branches and application centers nationwide.


If you think you’re ready to grow your business, start your application today by visiting esquirefin.co/loans today.