Business loans within a SFaC Credit Cooperative provides essential financial support to cooperative members engaged in various economic activities, these loans empower members to invest in and expand their businesses, fostering economic growth within the community.
Loan Options
| Option | Amount | No of Months | Rate per Month |
|---|---|---|---|
| DAILY Payment | 10000 - AND ABOVE 1st Loan | 24 | Total of 24% or 1% Monthly |
| Weekly Payment | 10000 - AND ABOVE 1st Loan | 24 | Total of 31.2% or 1.3% Monthly |
| Monthly Payment | 10000 - AND ABOVE 1st Loan | 24 | Total of 36% or 1.5% Monthly |
| Additional Loan Amount will be granted to Member for Subsequent loan | |||
Requirements
Proof of Billing (Water, Electric or Internet Bill)
Photocopy of Business Permit and BIR Registration
For Co-maker, 2 Valid ID and Proof of Billing
2 Valid ID
Proof of Sales (BIR Book, Purchases, Etc.)