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.