SECURITY BANK

SME Business Express Loan

An SME Business Loan is perfect for businesses looking to finance short term needs—whether
it’s equipment, office spaces, or cash for day-to-day operations. With minimal documentary
requirements, fast approval and auto-crediting of funds, Security Bank SME Business Loan is
tailor-fit to the growing needs of your business.
A. ELIGIBILITY REQUIREMENTS

 The businesses to which the loan will be applied for must meet the following
criteria:
o Duly registered to operate as a business in the Philippines;
o Must have been operating for at least 3 years, and profitable for the
latest 1 year.
o Must have no outstanding debt that exceeds 40% the company’s
monthly income
 Each SME loan must be tied to the business’ primary owner; for
partnerships/corporations, this means:
o Owner with simple majority (individual with the single largest stake in
the company) must provide details and sign off on the loan
application form, and ultimately be the signatory in the surety
agreement prior to loan booking
o If simple majority is shared across multiple owners, only (1) of them is
required to sign off on the loan
 Identified business owners will then be required to have:
o An existing account with Security Bank (at least 6 months old with
PHP 50K ADB) OR Existing credit card (any bank; credit card number/s
must be provided in application)
o Permanent residency in the Philippines;
o At least 21 years of age at the time of application and not more than
65 years of age upon maturity of the loan

B. Loanable Amount
 Php 1,000,000 – Php 5,000,000
C. Loan Payment Term
 12, 18, 24, or 36 months
D. Loan Rates

12 months 1.50%
18 months 1.60%
24 months 1.90%
36 months 1.95%
 E. DOCUMENTARY REQUIREMENTS

PARTNERSHIP/CORPORATION

 Signed and Completed Application Form

 Copy of 2 valid IDs with photo from primary applicant / owner / authorized
signatory
 Latest ITR with BIR stamp
 Latest (1) year Audited Financial Statements
 Valid DTI/SEC Registration documents and GIS
 Latest 3 months bank statement
 List of customers/suppliers and details about their dealings (The following
documents will be required by the bank prior to loan booking:
 Partnership / Board Resolution (authorizing signatory for accounts and loan, credit
investigation on both the business and owners)
 Continuing Suretyship Agreement (for corporations) Client will be given templates
at point of application to prepare for the loan decision )
 Valid Business or Mayor’s Permit

Customer Service hotline: +632 8887-9188, 1-800-1-888-1250 (Toll-free for PLDT landline)

email: customercare@securitybank.com.ph.

https://www.securitybank.com/business/loans/sme-business-express/#rates