Guide on UnionBank Business Loan Loanable Amount
UNIONBANK BUSINESS LOAN – Here is a guide on how much you may borrow under this loan offer of UnionBank Philippines.
Are you looking for a bank where you may apply for a business loan for the expansion of your company or to boost the operation of your business? In the Philippines, there are trusted entities that you may turn to.
One of the banks that you may turn to is UnionBank Philippines. The UnionBank Business Loan offer was crafted for the ministry of micro, small and medium enterprises or MSMEs.
The requirements for the UnionBank Business Loan offer may vary as the bank has set different documentary requirements among sole proprietorship or partnership applications and corporation applications. You can refer to the lists below for the documents that you need to submit in applying for the loan offer:
For sole proprietorship or partnerships:
- valid ID (Primary)
- Selfie ImageBusiness or Inventory Photo
- Proof of Business Existence (at least one (1) month of any of the following documents):
- Invoice/Official Receipt
- Water Bill
- Purchase Order
- Internet Service Provider Bill
- Electricity Bill
The bank requires that the proof of business existence presented must be within the maximum of three (3) months before the date of the loan application.
For corporations:
- Board Resolution to Borrower (please email [email protected] for UBP template)
To apply for the loan offer, bring the requirements for the UnionBank Business Loan offer to a branch of the bank nearest to you and submit them for evaluation. The loan approval may take as fast as the same day of the filing of the loan application.
Aside from the said loan offer, the bank has another loan offer – the car loan. You may also visit – UnionBank Car Loan: How To Apply & the Requirements in Applying.
