Business Loans
consumer loans
Business Loans

As your business partner, Sterling Bank of Asia offers a variety of business loan products to answer the demands and requirements of your company in its growth or expansion phase. Explore our products below or get a recommendation from our experienced relationship managers.

short term
Short Term Loans

A loan for one year or less to finance the company’s working capital requirements such as receivables and inventory.

bank guaranty
Standby LC or Bank Guarantee

It is a contingent loan used to guarantee the borrower’s performance to a third-party beneficiary on a domestic contract obligation.

check discounting
Trade Check Discounting

A loan versus the post-dated checks issued by the borrower’s customers.

term loan
Term Loan

A loan for more than one year normally between five to seven years that is used to finance the company’s capital expenditures.

developmental loan
Developmental Loan

A loan extended to real estate developers. It is used to develop real estate property, which includes not just construction of the improvements, but also excavation work and infrastructure.

domestic LC/TR
Domestic LC/ TR

A loan facility similar to Import LC however the supplier is in the country.

Import Letter of Credit
Import Letter of Credit (LC) & Trust Receipt (TR)

LC is a contingent loan used to guarantee payment to foreign suppliers. Basically, an LC gives the seller (foreign supplier) assurance that he will receive the payment for the goods he shipped.

Once LC is negotiated, the importer’s bank pays the seller. Then an LC becomes a TR, wherein the borrower (importer) gets the delivery of imported goods but ownership, at least on paper, retains with the bank.

Domestic Bills Purchase
Domestic Bills Purchase

It provides day-to-day liquidity via the purchase of dated checks without waiting for clearing time.

eligibility
eligibility
Eligibility
  • Major principal owner/s must be a residing Filipino Citizen
  • Major principal owner/s must be at least 21 years of age at the time of application and not more than 65 years of age upon maturity of the loan
  • Must be duly registered to operate as a business in the Philippines for at least 3 years;
  • Must have profitable operations in the past 3 years
  • Must have no adverse credit findings on the company and its principals
Requirements
  • Duly accomplished Application Form
  • Company Profile
  • Latest 3-year Audited Financial Statements and Income Tax Return
  • Latest DTI Certificate of Registration
  • Latest Business/Mayor’s Permit with Official Receipt
  • 2 Valid, Government-issued ID of primary applicant / proprietor
  • Trade References (at least 5 customers and 5 suppliers with contact details and credit terms)
  • Duly accomplished Application Form
  • Company Profile
  • Latest 3-year Audited Financial Statements and Income Tax Return
  • Latest General Information Sheet (GIS)
  • Latest Business/Mayor’s Permit with Official Receipt
  • 2 Valid, Government-issued ID of principal owners (principals with 20% ownership or more)
  • Trade References (at least 5 customers and 5 suppliers with contact details and credit terms)
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