Available Loans for Franchise Business Applicants

Must Read
- Advertisement -
- Advertisement -

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)

- Advertisement -

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
- Advertisement -

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:

- Advertisement -
- Advertisement -
- Advertisement -
Latest News

Why Carinderia Businesses Fail and How You Can Avoid the Same Experience

When managed properly, an eatery business like a carinderia can thrive and grow in a few years of operation....
- Advertisement -

More Articles Like This

- Advertisement -