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:
Makati Branch
Suite 203 CLF Building
1167 Chino Roces Avenue
Makati City
Tel. No. (02) 890.7423 |
Dagupan Branch
2/F JDA Building
A.B. Fernandez Avenue
Dagupan City
Tel. No. (075) 522.5527 |
Tarlac Branch
Room 210 2/F Jaral Building
McArthur Highway, Sto. Cristo
Tarlac City
Tel. No. (045) 982.2284 |
Davao Branch
Door 3 Principe Building
J.P. Laurel Street
Bajada, Davao City
Tel. No. (082) 221.8265 |
La Union Branch
Room 203 2/F Lasam Building
Governor Luna Street
San Fernando City, La Union
Tel. No. (072) 607.8353 |
Baguio Branch Room 306 Laperal Building Session Road Baguio City |
Cebu Branch
Unit G-07 Ground Floor
North Road Plaza Building
Labogon, Mandaue City
Tel. No. (032) 239.5401 |