Get Non-Collateral Business Loans From Our Reliable Partners

First Circle offers non-collateral business loans to businesses that receive Purchase Orders or issue Invoices.

Qualifications/Requirements

B2B Model: Businesses that supply or provide products/services to other businesses or government agencies
Registered with BIR and either DTI, SEC or CDA products and in operation for at least 1 year
Trade documents: Can present Purchase Orders or Invoices

Terms

Loan Amount: Up to Php 2.5M for first financing; maximum credit limit is Php 20M
Duration: Up to 6 months
Fees and Interest Charges: Processing fee of 1.99% per transaction; interest rate from 1.74% per month to 4.74% per month.

Click here to know if qualified and to apply if interested

Esquire Financing Inc. (EFI) is an SME-lending company offering fast, hassle-free, non-collateral business loans tailor fit to the needs, goals, and cash flows of each small and medium-sized business owner.

Qualifications/Requirements

Registered with BIR and either DTI, SEC or CDA products and in operation for at least 1 year
Average sales of at least Php 100K a month
Can show that applicant has growth vision

Terms

Loan Amount: From Php 100K to Php 10M
Duration: Up to 12 months
Fees and Interest Charges: Service Charge of 5% per transaction; interest rate starts at 3.4% per month.

Click here to know if qualified and to apply if interested

Lloyd’s Financing launched its new facility “ReCOVIDry” Loan in second quarter of this year, with the aim of helping small businesses recover from losses as a result of the COVID pandemic.

Qualifications/Requirements

Registered with BIR and either DTI, SEC or CDA products and in operation for at least 1 year
Location: Business operates within Metro Manila
Checking Account: With existing and active checking/current account

Terms

Loanable Amount: Php 100K to Php 1M
Fees and Interest Charges: Processing fee starts at Php 3,500 and interest rate is fixed at 1% per month
Security Deposit: 50% of approved loan
Duration: 1 to 5 years

Click here to know if qualified and to apply if interested

Qualifications/Requirements

Registered with BIR and either DTI, SEC or CDA products and in operation for at least 1 year
Location: Nationwide
Checking Account: With existing and active checking/current account

Browse Details of Non-Collateral Business Loans From Our Reliable Partners

First Circle

First Circle (FC) is a Financial Technology (FinTech) company that provides Business to Business (B2B) Small and Medium Enterprise (SME) businesses with supply-chain financing to meet larger client demands and improve bargaining position with trading partners. Since the company’s launch in 2016, we have loaned millions of dollars to thousands of SMEs from various industries within the Philippines – enabling them to grow their businesses without worrying about lack of capital.

First Circle is a partner of the Department of Trade and Industry (DTI). It is one of the FinTechs licensed by the Securities and Exchange Commission (SEC), and it is a registered company with the National Privacy Commission (NPC) in the Philippines.

Get A Non-Collateral Business Loan in 3 Easy Steps

Step 1

Sign up
(enter your information)
Send your personal and business information through our hassle-free online application platform.

Step 2
Submit a signed Invoice or Purchase Order
Upload clear photos of your fresh, signed invoices or P.O.s. After verification of your document, we will send a loan offer within 48 hours.

Step 3
Your business is financed!
Once you’ve received our loan offer, you can let us know your payment preferences. Accept to get funds right away!

STEP ONE
Enter your personal and business information
Start by registering an online profile for you and your business. This makes applying for financing from First Circle simple and efficient. This also allows us to verify your personal and business identity in order to get your loan application approved.
After telling us some basic information, you can establish an initial Credit Limit by uploading proof of your business transactions within the last year.
Personal information: 1 Valid Government ID of the Business Owner or a Board Member, from the following list: Passport, Driver’s License, TIN ID, PRC ID, Postal ID, Unified Multi-Purpose ID
Business information: Proof of Billing Address: Mayor’s Permit, Lease Contract, Utility Bills (such as Meralco, Water Bills, etc.)
DTI or SEC Certificate: DTI Certificate for Sole Proprietors, SEC Certificate for Corporations
General Information Sheet
BIR Certificate of Registration: Form 2303
General Information Sheet
Past transactions for your initial Credit Limit: You can establish an initial Credit Limit by sending us proof of your previous transactions within the last year: Invoices, Delivery receipts, Counter receipts, Statement of accounts, Billing statements, Official receipts, Collection receipts, Acknowledgment receipts, Check voucher, Remittance advise

STEP TWO
Submit a signed Invoice or Purchase Order
Invoice Financing: The document issued by the seller to the buyer after delivery of goods or services: Signed Invoices, Billing Statements, Delivery Receipts. (This helps you get the funding you need while you wait for your clients to settle payments for pending invoices.)
Purchase Order Financing: The document issued by a buyer to a seller before delivery of goods or services: Signed Purchase Orders, Notice to Proceed, Contract Agreement, Notice of Award. Never miss a business opportunity again. With First Circle’s Purchase Order Financing, your business can start taking on larger orders to meet increased client demand.
(Sometimes, a business receives an unexpected amount of purchase orders that it cannot fulfill because it requires more capital than is available. With Purchase Order Financing, you will get access to the capital you need to meet increased demand and keep your business growing.)
We can finance multiple orders and receivables, whichever suits your business needs. Once you submit a clear photo of these documents, First Circle will verify the document and then create a loan offer within 48 hours. No minimum transaction amount is required to avail of business financing.
What’s an Invoice?
An invoice is a document issued by suppliers to buyers after a product or service has been delivered as a bill or a statement of the amount due to be paid after a specified timeline.
Why Invoice Financing?
Improve your cash flow
Monetize invoices now instead of waiting for clients to pay.
Build client relationships. Extend payment terms for your most valued customers.
Borrow without collateral. Get funding without risking your valuable assets as collateral.
What’s a Purchase Order?
A purchase order (PO) is a document issued by buyers to suppliers when they request to purchase a specific type of good or service to be delivered after a specified timeline.
Why Purchase Order Financing?
Fulfill larger orders. Take your business to the next level by getting an extra capital boost.
Serve more clients. Say yes to more clients with the capital to meet their demands.
Get accessible funding. Get the working capital to grow your business when you need it.
Borrow without collateral. Get funding without risking your valuable assets as collateral.
What’s a Purchase Order?
A purchase order (PO) is a document issued by buyers to suppliers when they request to purchase a specific type of good or service to be delivered after a specified timeline.
Why Purchase Order Financing?
Fulfill larger orders. Take your business to the next level by getting an extra capital boost.
Serve more clients. Say yes to more clients with the capital to meet their demands.
Get accessible funding. Get the working capital to grow your business when you need it.
Borrow without collateral. Get funding without risking your valuable assets as collateral.
Working Capital Financing
Another window, subject to further verification, is called Working Capital Financing, or Bridge Capital Financing
How Working Capital Financing can help you? (Please note: Invoice and PO Financing are forms of Working Capital Financing)
Bridge working capital gaps
Purchase machinery or equipment
Have additional funds for growth
Pay operating expenses

STEP THREE
Your business is financed!
Funds GO straight into your bank account

Approved funds will be transferred directly to your bank account. Fund transfer usually occurs within 48 hours after we collect your cheques (PDC).
After submitting necessary business documents and other requirements, we will send you an offer as soon as the application is processed. Your loan size and corresponding rates will depend on the risk, loan duration, and tenure of your business with First Circle.
Once you accept our loan offer, and if you are in a serviceable area, we will schedule a courier to go to you to personally collect your post dated cheques (PDCs). Our serviceable areas are Metro Manila and some areas of Rizal, Cavite, and Laguna.
We will use these to collect your repayment on the agreed upon due dates. For customers outside of these areas, you will have to deliver the cheque to us at your expense.

Frequently Asked Questions
Who are your clients?
First Circle provides financing ONLY for businesses that sell to other businesses or government agencies.
What are your rates?
We only charge interest on your outstanding balance for the days you have the funds. No hidden fees, no application fees, and no commitments.

We have a processing fee of 1.99% per transaction, with rates that vary from 1.99% to 4.74% per month, for up to 6 months.

For example: if you had a 3% monthly rate, you would pay only ₱10 per day, for every ₱10,000 you have outstanding.
What are the requirements?
We need to verify your personal information, as well as your business information.

Only one (1) valid ID is needed to verify personal information. You can submit any of the following government-issued IDs: Driver’s License, Passport, Postal ID, Professional Regulation Commission (PRC) ID, Tax Identification Number (TIN) ID, Unified Multi-Purpose ID.

The following are the documents required to verify business information: BIR Certificate of Registration, DTI (for sole proprietorship) or SEC Certificate of Registration (for corporations and partnership), Proof of billing of your business, General Information Sheet (for corporations), Articles of Partnership (for partnerships).

Once your information is verified and you’re eligibility is confirmed, just have your fresh purchase orders or unfulfilled invoices ready, and you can proceed with your business loan application.
How is First Circle different from a bank or other financing companies?
Even though we offer business loans, we’re not a bank. We’re a financial company, accredited by SEC and DTI, tailored to businesses in the Philippines. Our goal is to provide fast, fair, and flexible access to finance where and when your business needs it. See how we compare with other financial institutions.

First Circle specializes in short-term business loans that are designed for small and medium enterprises who are in need of funding to address temporary capital gaps.
Short-term business loans is a type of financing in which the principal plus interest is repaid within a year or less; hence the name short-term business loans. This is used mainly to finance operating expenses or working capital requirements in growing businesses. Now you can serve more customers, take on larger orders, and extend credit to clients to do more business, turning short-term funding into your competitive advantage.

With First Circle, you get preferential terms, viz:
Monthly simple interest, not add-on rate
Balloon payment is better than amortizing
“Pay for the days that you need” as daily interest charges is applied
No pre-termination fee
First Circle uses 365 days while others use 360 days
What are the advantages of short term business loans?
Faster application: The application process for short-term loans is less time consuming.
Quick Access to capital: Your business has cash flow problems due to slow-paying customers or you need to pay suppliers cash up front.
Fewer requirements: Less documents will be required, making short-term funding easy to qualify for.
Your customers pay late: Your business has cash flow problems due to slow-paying customers or you need to pay suppliers cash up front.
Your need is temporary: If you need the loan to fund a business expense that won’t last past a year, then short-term credit is the best option for you.
You need cash fast: If you need funding as soon as possible, this is the most efficient means to get financing versus applying for a longer-term loan.
How can I get a business loan?
Start your application by checking your eligibility here. Then follow the link below to sign up. After successfully filling out the sign up form, our Sales Team will contact you to discuss the steps and requirements for a business loan offer.
What can I use the business loan for?
Generally, our business customers partners with First Circle to help with cash flow, to fulfill unpaid invoices and fresh purchase orders from their buyers. The business loans can then be used then to make their business operate smoother, and possibly grow even further.
How do I know if I am qualified?
If you pass this 5-point test (that is, you can answer “Yes” to all questions), you are on paper qualified (subject to verification of submitted documents).
Registered business: Is your business registered with DTI/SEC/CDA and BIR for at least 1 year?
B2B model: Does your business service other registered corporate business or government clients?
Trade documents: Do you receive purchase orders or issue invoices?
Payment terms: Do you offer payment terms to your customers?
Location: Is your business, or any of its branches, located in the service areas of First Circle?
What are your service areas?
First Circle is currently serving these areas:
National Capital Region (Metro Manila area)
Region 3 (Central Luzon): Provinces of Aurora, Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac and Zambales.
Region 4A (CALABARZON): Provinces of Cavite, Laguna, Batangas, Rizal, and Quezon
Region 7 (Central Visayas): Provinces of Cebu, Bohol, Negros Oriental, and Siquijor.
Region 10 (Northern Mindanao): Provinces of Bukidnon, Camiguin, Misamis Occidental, Misamis Oriental, and Lanao del Norte.
Region 11 (Davao): Provinces of Davao de Oro, Davao del Norte, Davao del Sur, Davao Oriental, and Davao Occidental.
What happens if I can’t make a payment?
Let us know as soon as possible if you think you might have payment difficulties, we’ll work together to find a solution. Get in touch with us and let’s discuss.

Qualified and interested? Click here to apply online
Somebody from First Circle will call you to follow up.

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Esquire

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No Description

Since 2011, EFI has assisted more than 5,000 entrepreneurs. It has earned for itself a reputation as a trusted financing partner that helps Filipino entrepreneurs grow their business and, at the same time, generate employment.

EFI’s 3-step business loan does not require any collateral, has minimal application requirements. Loan terms are flexible. Loan applications can be approved within 7 business days, or even less, so long as requirements are met.

EFI operates nationwide, although most of its clients are based in the following areas: National Capital Region (Metro Manila), CALABARZON (Cavite, Laguna, Batangas, Rizal, Quezon), Central Luzon, Western Visayas, and Davao Region. Businesses that operate in the following industries are welcome to apply: manufacturing, administration and support, wholesale and retail, consumer goods, personal services, education, fashion and novelty, food and beverages, restaurants, construction and hardware, transportation and logistics, automobiles, agriculture and livestock, human health, and pharmacy.

Financing Facilities

Bridge Financing
Additional Working Capital
Business Expansion

Qualifications

Registered: Legitimate businesses that have been in operation for at least 1 year
Checking account–with existing and active checking account in good standing for at least 6 months (basis for loan evaluation)
Sales volume: Average sales of at least Php 100,000 per month

Requirements

Duly filled-out and signed Application Form (Version – LAP.08.2019)
TIN ID and any other government-issued ID proof of the Principal Borrower
Latest three (3) months Bank Statement and/or Bank Certification (print out of online bank statement is acceptable)
Photocopy of valid Mayor’s Permit
Photocopy of valid Barangay Business Clearance
2” x 2” ID picture of the Principal Borrower
Pictures of the Business
Latest (not older than 2 months) proof of billing for business and residence (eg., electricity/water/cable, etc.)
Hand-drawn sketch/map of business and residence location with nearest landmark

Additional Requirements
Sole Proprietorship
DTI Certificate of Business Name Registration (original and renewal, if any)
Partnership
Business TIN ID proof (BIR Certificate of Registration)
SEC Certificate of Incorporation/Registration
Latest Articles of Partnership and By-Laws
Partners’ Resolution (EFI prescribed format: Version-PR.10.2017)
Corporation
(Note: Loan application shall be under the name of the Corporation itself or the name of majority owner.)
Business TIN ID proof (BIR Certificate of Registration)
SEC Certificate of Incorporation/Registration
Latest Articles of Incorporation and By-Laws
Latest General Information Sheet (GIS)
Secretary’s Certificate (prescribed format: Version-SC.10.2018)
Cooperative
SEC Certificate/Cooperative Development Authority (CDA) Certificate
Required Bank Documents
Latest 3 months
The following accounts can be presented (Checking Account with Automatic Transfer Agreement [ATA], Savings Account Bank Statements, Passbook)
IDs
Major ID (at least 2)—SSS/GSIS, Passport, Driver’s License, UMID ID, PRC, and Premium Postal ID;
Secondary ID (at least 2)—Voter’s ID, TIN ID, Postal ID, Pag-ibig /HDMF ID, Philhealth ID;
Supporting Documents—TIN ID and/or any BIR form bearing the TIN of Business Owner (Sole Proprietorship), Company (Partnership or Corporation). Sample BIR forms are ITR, GIS, Form 1902, and 2303.
Barangay’s and Mayor’s Permit
(Note: For businesses with average monthly average sales of less than Php 300,000, Barangay Clearance is enough.)
Barangay Business Permit/Clearance—the recorded Business Name/Owner with the LGU (City/Municipal), or Barangay should be one and exactly the same as the name registered with the DTI and SEC
Mayor’s Permit—original payment receipt is acceptable for recently paid permit (not beyond 2 months after the payment was made)
Sketches (Residence and Business)
Should be hand drawn with clear point of ways and landmarks (the streets should be included)
Printed Google map is not accepted
Pictures of the Business (at least 4)
Front of the office/façade
Working area
Inventories and stocks
Warehouse
Proof of billing (Business and Residence)
List of acceptable POB for Business and Residence: Electric (Meralco, Napocor, Electric Coop); Water (Maynilad, Manila Water, Water Districts, etc.); Mobile/Telephone (PLDT, Globe, Smart, Converge, etc.); Credit Card
For businesses that are located inside the mall or market area: copy of the Lease Contract; Rental billing or payment issued with stall number indicated

Loan Terms

Loan amount: Minimum—Php 100,000; Maximum—Php 10,000,000
Service Charge (SC) of 5% per transaction. Example: Loan amount of Php 1,000,000 less SC of 5%, or Php 50,000, yields a net proceeds of Php 950,000.
Interest Rate varies, starts at at 3.4% per month
Duration: up to 12 Months

Process

Step 1
(By Client)
Submit Documents
Cut-off time is 3PM, Mondays to Fridays

Step 2
(By EFI)
Processing of Application
Normally takes 3 to 4 days

Step 3
(By EFI)
Credit Decision / Approval
Application Status (Pre-approved, Executive Interview)

Qualified and interested? Click here to download the application pack
Send complete documents to the address indicated in the instructions.

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Lloyds

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No Description

ReCOVIDry Loan for Small Businesses
Qualifications/Requirements
Based in Metro Manila (Cavite/Rizal on case to case basis).
With active Checking/Current Account (Bank and Branch name only; no other info with be requested; do not share your account number).
50 Percent Security Deposit (Example: Php 50K Deposit is required to avail of a Php 100K loan)
Terms
Minimum Loanable Amount of Php 100K at 1 percent per month.
1 – 5 years to pay.
Please read the FAQs first, below:
How much can I loan?
Minimum: Php 100,000.00
Maximum: Php 1,000,000.00
(We do not release amount below Php 100K)
What is the interest rate?
1 percent per month. (Lower during promo periods. Please check your email for updates.)
How long is processing time?
Processing is normally 3-5 days from submission of complete documents.
What are the requirements?
Aside from checking account, other basic requirements include Valid IDs, DTI Registration (if applicant owns business), or CEO or Payslips if employed. But these documents will be required only upon passing the initial assessment.
Why is checking account required?
Amortization of payment will be through post-dated checks.
Can I qualify even if I have no checking account?
Sorry, but no, you will not qualify.
Can I use another person’s checking account?
You can if the holder of the checking account is your spouse. Another option is for the spouse to apply for the loan and you act as co-maker.
I am an OFW, will I qualify?
The loan is for Metro Manila clients only. If you live or work abroad, you need a representative who live in Metro Manila and also has a checking account. In that case you can be the co-maker.
Put a Frequently Asked Question Here
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My spouse is an OFW, can I use his/her checking account?
Yes you can provided you can submit a letter/certification that the spouse is allowing the use of his/her checking account for the purpose of loan payment.
I am assured of approval if I live in Metro Manila and has an active checking account?
Not yet. You still have to undergo a verification process. But being able to satisfy these basic requirements will ensure your spot in the evaluation process.
Do you have other loan products aside from ReCOVIDry loan?
We have car loan and real estate loan.
Is ReCOVIDry loan non-collateral?
Yes, it is non-collateral. But read carefully before proceeding to apply. A security deposit that is equivalent to 50 percent of the loan being applied for will be required. Example: If you apply for a 100K loan, you will need to deposit an amount of 50K with Lloyds. There is also a reasonable amount of processing fee.
What is the difference between ReCOVIDry loan and other non-collateral loans?
ReCOVIDry loan specifically aims to help businesses recover from their losses, or employees who were unable to receive salaries, due to the pandemic. This loan can be used as additional capital for existing businesses, payment for salaries, purchase of equipment or inventories, for investment, for home renovation, real estate purchase, payment for commercial rent, payment for employee insurance premium, or additional revolving fund. It is not for tuition fees, purchase of items for daily needs, debt consolidation, payment for utility bills or capital for start-up business.

Qualified and interested? Click here to apply online
Somebody from LFC will call you to follow up.

Loan Application Form

Get a minimum of P100K NOW at 1% per month! For a minimum loan of P100,000 and 1-5 years to pay, we can help you #bounceback from your financial struggles caused by the Covid19 pandemic that paralyzed many businesses around the globe.

Other Loan Facilities/Products from Lloyd’s Financing Corporation
Car Loan
Loan Amount: Php 100,000 to Php 1,000,000.00
Interest Rate: 1 percent per month
Payment Term: 1 to 5 years (semi-monthly or monthly repayments)
Processing Time: 30 working days from complete submission of requirements
INITIAL REQUIREMENTS
Filled up online application form
Scanned/photo copy of 2×2 Photos of both Maker and Co-Maker
For self-employed, scanned/photo copy of business permit
For employed, scanned/photo copy of COE or payslips
Scanned/photo copy of Original Official Receipt
Scanned/photo copy of car registration (must not be encumbered)
Scanned/photo copy of at least 2 valid Government IDs of both Maker and Co-Maker
Real Estate Loan
Loan Amount: Php 100,000 to Php 1,000,000.00
Interest Rate: 1 percent per month
Payment Term: 1 to 5 years (semi-monthly or monthly repayments)
Processing Time: 30 working days from complete submission of requirements
INITIAL REQUIREMENTS
Filled up online application form
Scanned/photo copy of 2×2 Photos of both Maker and Co-Maker
For self-employed, scanned/photo copy of business permit
For employed, scanned/photo copy of COE or payslips
Scanned/photo copy of Original of Certificate of Title (must be clean title)
Scanned/photo copy of at least 2 valid Government IDs of both Maker and Co-Maker
Big Business Loan
Loan Amount: Php 100,000 to Php 1,000,000.00
Interest Rate: 1 percent per month
Payment Term: 1 to 5 years (semi-monthly or monthly repayments)
Processing Time: 5 – 10 banking days from complete submission of requirements
INITIAL REQUIREMENTS
Scanned/photo copy of 2×2 Photos of both Maker and Co-Maker
Scanned/photo copy of DTI/SEC registration
Scanned/photo copy of Business Permit (Barangay and Mayor)
Scanned/photo copy of Proof of Billing
Scanned/photo copy of ITR
Scanned/photo copy of at least 2 valid Government IDs of both Maker and Co-Maker

Interested? Click here to apply online
Somebody from LFC will call you to follow up.

Loan Application Form

Get a minimum of P100K NOW at 1% per month! For a minimum loan of P100,000 and 1-5 years to pay, we can help you #bounceback from your financial struggles caused by the Covid19 pandemic that paralyzed many businesses around the globe.

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