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A Credit Line is a type of business loan that works like a credit card for your business. It provides you a credit limit from which you can withdraw a business loan from any time. This flexible access to funds acts like a free cash insurance for your business, extending your working capital to meet cash flow gaps and expansion needs.

You can use and re-use your full credit limit, borrow only a portion, or not use it at all. Your monthly interest rate will only apply to the portion of the credit line that you used. Once you've made a business loan from your First Circle Credit Line, paying it back will allow you to access your full credit limit again.

Most business loans in the Philippines are term loans: a large lump sum loaned upfront. The borrower is expected to make monthly or quarterly repayments plus interest over their loan period, whether they used the money or not. Term loans are best for a large one-time purchase or cash flow gap.
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A credit line gives you a set amount of money that you can dip into whenever the business need arises. You only apply for a credit line once; once it is active, you can withdraw funds without submitting any more business loan requirements. The validity period of a credit line is usually 12 months. With First Circle, you also won't pay anything until you use your funds.

The biggest difference is our non-collateral loan offer. Most banks with business loans will require collateral for loan amounts beyond ₱2 million. In contrast, First Circle offers up to ₱20 million without requesting collateral.

Most bank loans for businesses are also limited to term loans. We are one of the few lending companies in the Philippines offering a credit line with high credit limits. This gives you more flexible access to funds because you don’t need to apply every time you need a business loan. You also get to save on application fees.

Lastly, our application process is faster than most banks offering business loans. If you qualify for a First Circle credit line, you’ll get our offer in just 2 business days. This offer already includes your credit limit and business loan interest rate. In contrast, banks can easily take 10 business days or more to give you an update.