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Frequently Asked Questions
Ready to Grow Your Business with a Trusted Financing Partner?
1. What types of businesses are eligible for ProCredit financing?
ProCredit focuses on Philippine SMEs with annual revenues between PHP 1 million and PHP 20 million. We serve businesses across finance, medical equipment, water distribution, meat distribution, construction, F&B, healthcare retail, electronics, auto repair, manpower services, packaging, and IT solutions.
2. What is ProCredit's approval timeline and what documents are needed?
Final approval in as fast as 2 to 5 working days, depending on loan size and complexity. Initial requirements are basic business documents and recent bank statements. Detailed documentation such as audited financials and ITRs is only requested after we issue an in-principle approval.
3. What is the loan range and repayment period?
ProCredit offers business loans from PHP 3 million to PHP 25 million. Repayment terms range from 6 to 18 months and can be structured as working capital loans tailored to your cash flow.
4. How is ProCredit different from a bank?
Banks take 2 to 4 weeks and require extensive documentation upfront. ProCredit approves with minimal initial paperwork. You deal directly with senior credit approvers from the first meeting, not branch staff or account managers. All interactions are face-to-face at our Makati office.
