MANUSCRIPT

OF GROUP 1

Name of Proponents

Vergado, Julie Ann E., Sampang, Josephine V., Apilit, Jaya-Kayna P., Lacsa,

Angelica I., Norcio, Jenny B., Ambongan, Mary Lie D., Malibiran, Czarina F., Paredes,

Coleen A., Basalo, Ayesha Jamaica J., Chua, Lovely Joy B., Austria,

Criszhelle M., Soliman, Raezel Jam B.

SUBMITTED TO:

MRS. MARIA CHRISTINE FAYE V. LABAN

SUMMARY

When you're just starting a new business, debt financing—a form of financing that
includes bank loans—may be difficult to. Instead, you may have to rely on your own
savings or investments from friends or family for initial capital. After you've been in
business for a year or more, you may be able to get short-term business loans or other forms
of short-term financing arises. As an owner, short-term business loans are needed because
it can help our small businesses to acquire the funds to cover emergency expenses, fill cash
flow gaps, buy products, or take business opportunities. Short-term loans are generally
repaid in 12 months or less. Fewer months in repayment means less interest paid over the
life of the loan, so that short-term loans can help us in our business. Making these payments
on time and paying off the loan can help also to improve our business credit score quickly.
It also has an advantage, upon approval, we can often receive funds within a week. If for
example, we need to make a quick payment to outstanding bills, or we need to purchase
new stock quickly, a short-term loan will help us to meet our cash requirements
immediately.
Bank Profile

Security Bank

Security Bank Corporation is one of the Philippines’ leading universal banks serving
retail, commercial, corporate, and institutional clients. Established on June 18, 1951, it was
the first private and Filipino-controlled bank of the post-World War II period. Security
Bank was publicly listed with the Philippine Stock Exchange (PSE: SECB) in 1995. Over
the years, the Bank prudently managed to remain one of the most stable in the banking
industry and is steadfast in its commitment to serve its clients and stakeholders. Security
Bank’s major businesses include retail, commercial and corporate banking, and financial
markets. It offers a wide range of services including financing, leasing, foreign exchange,
stock brokerage, investment banking and asset management through its subsidiaries (as of
December 31, 2017): SB Cards Corporation, SB Capital Investment Corporation, SB
Equities, Inc., SB Forex, Inc., SB Rental Corporation, and SBM Leasing, Inc., a joint
venture with Marubeni Corporation of Japan, and SB Finance Company, Inc. (formerly
Security Bank Savings).

Metrobank

Founded on September 5, 1962, Metropolitan Bank & Trust Co. (Metrobank) has
since become the premier universal bank and among the foremost financial institutions in
the Philippines. It offers a full range of banking and other financial products and services,
including corporate, commercial and consumer banking, as well as credit card, remittances,
leasing, investment banking and trust banking. Metrobank currently spans a consolidated
network of over 2,300 ATMs nationwide; over 950 domestic branches; and 32 foreign
branches, subsidiaries, and representative offices. Metrobank remains dedicated to
fulfilling its vision to be the best bank for all stakeholders – from its customers to the
community. With people dedicated to product quality, service excellence, solid work
ethics, and good governance, Metrobank has established a reputation of stability, strength,
and leadership. It adheres to international best practices, careful strategic planning, and
prudent decision-making, focused on further improving earnings quality and increasing
shareholder value by constantly reinforcing a customer-centric strategy built around the
commitment of its people.
RCBC

The Rizal Commercial Banking Corporation (RCBC) is majority-owned by the

Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in
Southeast Asia covering over 60 businesses. It is among the largest private domestic banks
in the country in terms of assets and has a network of over 462 branches and 2,911 ATMs
and ATM Go units as of end-December 2022. Since its establishment in 1960, RCBC has
been a pillar of the banking industry, providing a wide range of financial services to its
customers through its retail and investment bank, microfinance unit, foreign exchange
brokerage house, leasing company and overseas remittance tie-ups. In 2019, RCBC merged
with its thrift unit, RCBC Savings Bank which resulted in a larger asset base and stronger
financial standing.

From those 3 banks we will definitely choose Metro bank since it has the lowest
interest rate (2.4% per annum) compared to other 2 banks that have higher interest rate. It
is one of the largest banking companies in the country as well. Its clients are greatly pleased
by its variety of excellent offers. Also, it does not charge a processing fee. Most banks
charge non-refundable administrative fees. This will be fit on, first access to extra capital
this can be helpful if you're looking to expand your business. second improve cash flow
use it to cover expenses such as inventory or equipment purchases. Last is flexibility,
Metrobank offers different types of facilities to cater to your business needs, such as credit
line, Term Loan and working capital Loan. It is also applicable on our business as a sole
proprietorship, it is surely benefits us because it offers a loan for a sole proprietor in the
business.