Program Objective:
Franchise Financing Program is a credit facility primarily aimed at individuals or enterprises that are interested to start their own business or expand existing ones through franchising.
Eligible Borrowers:
Franchises must be members in good standing of the following associations:
- Philippine Franchise Association
- Association of Filipino Franchisers, Inc.
- Filipino International Franchise Association
Terms/Requirements:
Loan Amount:
Minimum of P100,000 (an acceptable collateral may be required for higher loan amount)
Interest Rate: Prevailing market rate
Repayment Term: One (1) year, renewable annually
Mode of Payment: Flexible
Collateral: The loan shall be secured by any of a combination of the following:
- Real Estate/Chattel Mortgage
- Deed of Assignment of Receivables/Inventories
- Continuing Suretyship of the Principals
- Other forms of security acceptable to Active Finance
A collateral shall not be the sole basis in the approval or disapproval of loan applications. All decisions shall be based on the creditworthiness of loan applicants thus; a collateral may or may no longer be required.
Processing Fee: P
1,500 or 1% of approved loan amount, whichever is higher (no outright fees to be collected, processing fee to be deducted from loan proceeds).
Pre-Approval Documentary Requirements
For Individuals
If Employed
- 1 piece 2 x 2 ID picture
- Completely filled-out application form (downloadable at www.activefinancecorp.com)
- Copy of valid identification (driver’s license, passport, company ID, SSS and TIN ID)
- Copy of latest 2 months payslip
- Original and latest certificate of employment indicating position, monthly salary and length of employment
- Utility billing statement reflecting name of applicant and current residence address
- If credit card holder, photocopy of credit card (front and back) and latest 3 months credit card billing statements
If Self-Employed
- 1 piece 2 x 2 ID picture
- Completely filled-out application from (downloadable at activefinancecorp.com)
- Copy of valid identification (driver’s license, passport, company ID, SSS and TIN ID)
- Copy of latest community tax certificate
- Latest ITR
- Latest 3 years audited financial statements
- Latest 6 months bank statement
- Utility billing statement reflecting name of applicant and current residence address
- If credit card holder, photocopy of credit card (front and back) and latest 3 months credit card billing statements
- Business registration and /or Mayor’s permit or PRC license
For Companies
- Company profile
- List of Directors and Key Officers
- Latest 3 years audited financial statements
- Latest 6 months bank statements
- Credit and Trade references
- Articles of Partnership/Incorporation
- Board Resolution authorizing transaction and designating authorized signatories
- Copy of valid ID (driver’s license, passport, company ID, SSS and TIN ID) of authorized signatory/ies
Active Alliance Finance Corporation (AAFC) is a member of the CL Follosco Group (www.clfolloscogroup.com), a multi-company organization involved in trading, manufacturing, financing services, travel-related services, consultancy services, construction, food processing, real estate development and logistics.
Contact Details:
Ritchie F. Co Seng
Vice President, Chief Operating Officer
Active Alliance Finance Corporation
Email: coseng.ritchie@activefinancecorp.com
URL: www.activefinancecorp.com
Branches Directory: