How Do I Renew My First Circle Credit Line Before June 30?
Quick Answer
Key Takeaways
If you’re a First Circle Partner with an active Business Credit Line, chances are you are required to annually renew your credit line every June 30.
Your 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. As a Business Credit Line client, you can draw down funds same-day for your business needs, and repay on flexible terms of up to 12 months.
Frequently Asked Questions
Why Does My Business Credit Line Need Annual Renewal?
Annual renewal ensures your credit limit and terms continue to reflect your business's current financial standing, so you're always matched to the right financing for where your business is today.
Upon renewing your Credit Line, please expect that credit approval, limits, and rates granted may vary upon assessment based on existing First Circle policies.
When Is the Credit Line Renewal Deadline?
The renewal deadline for all First Circle Business Credit Line partners is June 30 every year. First Circle recommends submitting your documents at least one month early — by end of May — to give our team enough time to process your renewal without interrupting your credit access.
How Do I Renew My First Circle Credit Line?
Simply send the latest business documents listed below to support@firstcircle.com or your First Circle account manager by June 30.
What Documents Do I Need to Renew My Business Credit Line?
- Latest Audited Financial Statement (AFS). Your most recent year-end financial statements, audited by a certified public accountant.
- Bank Statements from the last 6 months
- Updated future revenue documents. Undelivered purchase orders or unpaid invoices covering the next 3–6 months. These gives us visibility into your upcoming cash flow.
- Trading Relationship documents. Documents demonstrating your ongoing relationships with clients or suppliers.
- Latest Secretary's Certificate (for corporations only).
Where Do I Submit My Renewal Documents?
Please send all renewal documents to:
- Email: support@firstcircle.com
- Or directly to your assigned First Circle account manager
If you're unsure who your account manager is, you can reach the First Circle team at +63 2 8580 3200. We are available from Mondays to Fridays (except holidays) from 8:00 AM to 6:00 PM.
What Happens If I Miss the Renewal Deadline?
If your documents are not received by June 30, your credit line withdrawals will be blocked until all requirements are submitted and processed. This means you won't be able to draw down funds until renewal is complete.
How Can I Make the Renewal Process Faster?
- Renew at least one month early to avoid disruptions to your financing access.
- Request your AFS and/or Secretary's Certificate early. Audited Financial Statements are the most common source of delay, as it takes several weeks to prepare.
- Set a recurring annual reminder ahead of the renewal date. A one-month headstart of May 31 is usually enough to complete all documents.
Need Help With Your Renewal?
Contact the First Circle team:
- Email: support@firstcircle.com
- Phone: +63 2 8580 3200
Jess Jacutan
Jess Jacutan is a Content Marketing Consultant at First Circle, where she helps Philippine small and medium enterprises discover smarter ways to finance and grow their operations.
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