Available Loans for Franchise Business Applicants

Program Objective:
Franchise Financing Program is a credit facility primarily aimed at individuals or enterprises that are interested in starting their own business or expanding existing ones through franchising.

Eligible Borrowers:
Franchises must be members in good standing of the following associations:

• Philippine Franchise Association
• Association of Filipino Franchisers, Inc.
• Filipino International Franchise Association

Terms/Requirements:

Loan Amount:
Minimum of P100,000 (acceptable collateral may be required for higher loan amount)

Interest Rate: Prevailing market rate

Repayment Term: One (1) year, renewable annually

Mode of Payment: Flexible

Collateral: The loan shall be secured by any of a combination of the following:

• Real Estate/Chattel Mortgage
• Deed of Assignment of Receivables/Inventories
• Continuing Suretyship of the Principals
• Other forms of security acceptable to Active Finance

A collateral shall not be the sole basis in the approval or disapproval of loan applications. All decisions shall be based on the creditworthiness of loan applicants; thus, collateral may or may no longer be required.

Processing Fee:
1,500 or 1% of the approved loan amount, whichever is higher (no outright fees to be collected, processing fee to be deducted from loan proceeds).

Pre-Approval Documentary Requirements

For Individuals

If Employed

• One piece 2 x 2 ID picture
• Completely filled-out application form (downloadable at www.activefinancecorp.com)
• Copy of valid identification (driver’s license, passport, company ID, SSS and TIN ID)
• Copy of latest two months payslip
• Original and latest certificate of employment indicating position, monthly salary and length of work
• Utility billing statement reflecting the name of the applicant and current residence address
• If credit card holder, photocopy of credit card (front and back) and latest three months’ credit card billing statements

If Self-Employed

• One piece 2 x 2 ID picture
• Completely filled-out application form (downloadable at activefinancecorp.com)
• Copy of valid identification (driver’s license, passport, company ID, SSS and TIN ID)
• Copy of latest community tax certificate
• Most recent Income Tax Return
• Latest three years audited financial statements
• Latest six months bank statement
• Utility billing statement reflecting the name of the applicant and current residence address
• If credit card holder, photocopy of credit card (front and back) and latest three months’ credit card billing statements
• Business registration and Mayor’s permit or PRC license

For Companies

• Company profile
• List of Directors and Key Officers
• Most recent three years audited financial statements
• Latest six months bank statements
• Credit and Trade references
• Articles of Partnership/Incorporation
• Board Resolution authorizing the transaction and designating authorized signatories
• Copy of valid ID (driver’s license, passport, company ID, SSS and TIN ID) of authorized signatory/ies

Active Alliance Finance Corporation (AAFC) is a member of the CL Follosco Group (www.clfolloscogroup.com), a multi-company organization involved in trading, manufacturing, financing services, travel-related services, consultancy services, construction, food processing, real estate development, and logistics.

Contact Details:
Ritchie F. Co Seng
Vice President, Chief Operating Officer
Active Alliance Finance Corporation
Email: [email protected]
URL: www.activefinancecorp.com

Branches Directory: