If you’re thinking about applying for a loan to grow your business, it’s important to be well-prepared. Whether you run a small sari-sari store or manage a larger business, having the right documents and information ready can make the process smoother and faster.
At Kredit Hero, we simplify the application for you. With just one loan application, your details are sent to multiple trusted lenders in the Philippines, saving you time and effort.
Follow this simple guide to get started on your business loan application.
For Micro Stores and Shops
Micro businesses, such as sari-sari stores, small retail shops and hardware stores, have unique needs and requirements. Lenders typically look for specific information to determine your store’s creditworthiness. Here’s how to prepare:
Gather Your Business Documents
Before applying, make sure you have the following documents ready:
- Valid Government ID
- Business Permit or Barangay Certificate
- Selfie Inside Your Store
These documents prove that your business is formally recognized and operating within the community. The selfie helps confirm your ownership and location, making your application more reliable.
Know How Much You Need
Decide how much you need to borrow and how you’ll use it. For example, are you using it for inventory, repairs, or new equipment? Knowing the exact amount shows you’ve thought through your loan needs.
Loan Options for Micro Businesses
You can borrow up to ₱200,000 with micro loans, which are ideal for covering everyday business needs.
Ready to Apply for a Micro Loan?
Fill out our online application form, submit your documents, and get connected with trusted lenders to help your sari-sari store or small shop grow.
For Small to Medium-Sized Businesses
If you’re running a larger business, such as a trading company, construction firm, or BPO, here’s what you’ll need:
Prepare Your Documents
Lenders will want a complete picture of your financial health. Gather:
- 1 Year of Trading History
- Audited Financial Statements (AFS)
- Income Tax Returns (ITR)
- 3 Months of Bank Statements
- Valid Business Registration (not under individual status)
- One Valid ID
Check Your Loan Options
For SMEs, you can apply for loans starting from ₱200,000 and up to ₱20 million (or more), depending on your needs and qualifications.
Please note: Some business loan solutions may have specific requirements (e.g., an invoice for equipment being acquired), and lenders may have additional requirements. These will be communicated after you have submitted your application and a lender has assessed it.
So, make sure to prepare additional legal documents to speed up the process of your loan application!
Ready to apply for an SME loan?
Click the link below to sign up on the Kredit Hero portal and upload the necessary documents. Once submitted, our AI-powered system will analyze your profile and present your application to multiple trusted lenders, connecting you to the best loan options available.