Client Advisory: Credit Line Renewal Guide for June 30

First Circle
June 7, 2023

If you’re a First Circle Partner with an active Revolving Credit Line, chances are you are required to renew your credit line by June 30, 2023.

Your Revolving Credit Line provides immediate financial support for new business opportunities or unexpected cash flow gaps. It also gives you flexibility and ensures you always have working capital to manage your business operating expenses efficiently.

To ensure a smooth experience when using your credit line, simply send the following documents to or your First Circle Account Manager by June 30.

Renewal Documents

  1. 2022 Audited Financial Statements or 2022 Income Tax Return
  2. Latest 3-6 Months Bank Statements
  3. Proof of Future Revenue (Purchase Orders or Unpaid Invoices)
  4. For Corporations: 2022 or 2023 General Information Sheet
  5. For Corporations: Updated Secretary's Certificate

Failure to submit these documents by June 30 will result in your credit line withdrawals being blocked.

It’s always good practice to note when your credit line is expiring, and renew it at least a month ahead. This ensures you’ll always have standby financing to expand your business, fund new projects, and cover cash flow gaps and emergencies.

If you need any assistance with the renewal process, feel free to reach out to or +63 2 8580 3200. We're always happy to hear from you!

Ready to get your own revolving credit line?

Apply 100% online, and get a credit line worth up to ₱20M. Use and re-use your credit limit anytime you need a business loan.

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