A term loan may be medium term, which is to be paid within 1-3 years, or long term, paid over 3 - 5 years
Term loans are used for:
- Construction of buildings, factories and plants
- Plant expansion and modernization
- Leasehold improvements
- Purchase of equipment
- Payments for both medium and long term loans may either be monthly or quarterly.
Applying is simple and easy, just submit the following:
- SEC Papers, Articles of Incorporation, By-Laws and latest General Information Sheet
- List of top customers and suppliers with contact information
- Bank Statements from the last 6 months
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Collateral documents
- If real properties, please submit copy of TCT, Tax Declaration, lot plan and vicinity map
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If machinery, please submit copy of sales contract, purchase order and brochure