This SME Loan will help you save on fees | ABS-CBN

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This SME Loan will help you save on fees

This SME Loan will help you save on fees

BDO

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Photo source: Pexels


In the dynamic Philippine economy, small and medium-sized enterprises (SMEs) play a vital role, driving growth and generating employment opportunities. However, these businesses often face many financial challenges, especially with expansion and cash flow management. 


Entrepreneurs seeking to expand their businesses now have an opportunity to do so while enjoying savings with the BDO SME Loan Waived Fee Promo, running from March 1 to October 31, 2024. During this promo period, businesses may enjoy up to P30,000 in waived loan fees, providing extra savings for other business needs. 


But what exactly is this loan and how can it help you grow your business? 


BDO SME Loan is a financing solution designed for SMEs, offering flexible terms and competitive interest rates. Whether it is for long-term investments or short-term needs, this loan may provide business owners the necessary funds to help expand their businesses.

Here are some key specifics of the BDO SME Loan: 

Financing options for various business needs

Loan applicants may borrow from P1 million to P50 million, or up to 70% of the appraised value of the collateral, with flexible loan terms, allowing applicants to explore loan facilities tailored to their business needs, such as upgrading business facilities, expanding operations, acquiring property, or improving cash flow. 


Borrowers may choose a Term Loan Facility and receive funds in lump sum, or a Credit Line Facility where clients can access funds through a revolving credit line.

Get loan estimates and check requirements online

To assist applicants with their loan decision, clients can get estimates on how much they may borrow or even compute for their monthly payments through the SME Loan Calculator


Clients may also visit the BDO website to check the application requirements needed upon loan application submission.


Convenient ways to apply


Applying for a BDO SME Loan is easy. Business owners may visit any BDO branch or submit their 
application online. 


Collateral options


BDO SME Loan is a secured loan that accepts the following real estate property as collateral: House and lot, commercial property, vacant lot, condominium, townhouse, and mixed-use property (residential/commercial). 


With BDO SME Loan, entrepreneurs may access financial support to help drive business growth and seize market opportunities. And with the SME Loan Waived Promo in effect, now is the opportune time for businesses to seize the chance and unlock their full potential. Visit the BDO SME Loan website to discover how to save on loan fees while fueling your business aspirations.

NOTE:  BrandNews articles are promotional features from our sponsors and not news articles from our editorial staff.

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