Process & Requirements

Step 1

Apply online and speak with an Account Manager

Start by seeing if your business is eligible for a Revolving Credit Line by clicking the button below. If qualified, an Account Manager will call you to understand what your business needs are.
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Once you submit clear photos of these documents, First Circle will verify them and give you a Revolving Credit Line decision within 5-7 business days. No minimum transaction amount is required to avail of business financing.

Apply for Revolving Credit Line

Easy Access to Your Additional Funds
Get financing up to ₱5M credit for up to 6 months depending on your business revenue.

Flexible Rates
Rates are as low as 1.39% per month and are subject to your company’s financial assessment.

Fast Processing Time
The entire application process only takes a few days after your submit complete requirements.

Dedicated Support
Have the working capital to grow your business when you need it.

Personal information
1 Valid Government ID of the Business Owner or a Board Member, from the following list: Passport, Driver's License, TIN ID, PRC ID, Postal ID, Unified Multi-Purpose ID

General Information Sheet for Corporations, Articles of Partnership for Partnerships, and Secretary's Certificate for both Partnerships and Corporations
Business information
Proof of Billing Address: Mayor's Permit, Lease Contract, Utility Bills (such as Meralco, Water Bills, etc.)
BIR Certificate of Registration: Form 2303 for Sole Proprietors
SEC Certificate: SEC Certificate for Corporations or Partnerships

Information on your top 3 buyers or Summary Alphalist of Witholding Tax
To help us understand your trading partners and provide you with the most accurate level of financing, we need to know more about your top 3 customers. You will fill out this template to provide necessary information.

We also accept the Summary Alphalist of Witholding Tax (SAWT) as an alternative to the information of your top 3 buyers.

Bank statements and audited financial statements
We also need photos or PDFs of your 1) bank statements for the last 3-6 months (the more months the better) and 2) audited financial statements for the last year OR your business' income tax return.

Step 2

Submit personal, business, and transaction documents

Send your documents in however way you want: through email, Viber, or Facebook Messenger. View our document checklist to see guidelines on what we accept.
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Once you submit clear photos of these documents, First Circle will verify them and give you a Revolving Credit Line decision within 5-7 business days. No minimum transaction amount is required to avail of business financing.

Apply for Revolving Credit Line

Step 3

Start using your new revolving credit line and scale your business!

Once you have received your revolving credit line, you can now choose your preferred term length and payment frequency. Your request will be verified; and once approved, we will schedule a courier to go to you to personally collect your post-dated cheques (PDCs). Our serviceable areas are Metro Manila and some areas of Rizal, Cavite, Bulacan, and Laguna.

We will use these to collect your repayment on the agreed upon due dates. For customers outside of these areas, you will have to deliver the cheque to us at your expense.

Apply for Revolving Credit Line

Funds straight into your bank account

Approved funds will be transferred directly to your bank account. Funds will be transferred once we have collected cheques and will reflect within 1-2 banking days.

Common questions

Here are common questions our customers ask. For other questions, check our Help Center.

What are short-term business loans?

First Circle specialises in short-term business loans that are designed for small and medium enterprises who are in need of funding to address temporary capital gaps.

Short-term business loans is a type of financing in which the principal plus interest is repaid within a year or less; hence the name short-term business loans. This is used mainly to finance operating expenses or working capital requirements in growing businesses. Now you can serve more customers, take on larger orders, and extend credit to clients to do more business, turning short-term funding into your competitive advantage.

What are the advantages of short-term business loans?

Faster application: The application process for short-term business loans is less time consuming.

Quick access to capital: Your business has cash flow problems due to slow-paying customers or you need to pay suppliers cash up front

Fewer requirements: Less documents will be required, making short-term funding easy to qualify for.

Your customers pay late: Your business has cash flow problems due to slow-paying customers or you need to pay suppliers cash up front.

Your need is temporary: If you need the loan to fund a business expense that won’t last past a year, then short-term credit is the best option for you.

You need cash fast: If you need funding as soon as possible, this is the most efficient means to get financing versus applying for a longer-term loan.

Why choose First Circle?

Because you wouldn’t have it any other way. We’ve all been there before. Long lines at the bank or loan sharks with cut-throat interest rates. No one wants to be in this situation anymore.

First Circle’s financing services are made especially for business owners who receive purchase orders and issue invoices. These are small and medium enterprises who encounter increased demand in the form of large orders, theneed to pay suppliers in cash, or extend credit to customers.

All these scenarios cause cash flow gaps that may limit the potential for growth of your business. First Circle is here to help business owners get access to quick funding when they find themselves in such situations.

How can I get a Revolving Credit Line?

To get a revolving credit line your business should meet the following criteria:
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1. Must receive purchase orders or issue invoices.
2. Must receive orders from partnerships, cooperatives, corporations or government agencies in the Philippines.
3. Must be located in the Philippines.
4. Must be a registered Corporation, Partnership, or Sole Proprietorship.
5. Must be operational for more than one (1) year unless you have annual revenue of more than ₱15 million.
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If qualified, start your application here. After successfully filling out the form, our Sales Team will contact you to discuss the steps and requirements for a revolving credit line.

What are your rates and terms?

Interest Rates
Interest rates are tailored to your company's profile and business needs. You are assured that all best effort is put into making the convenience fees and interest rates accurate, fair, and reasonable. Your business loan application goes through a rigorous yet efficient decision-making process, and you are regularly updated about its progress.

Loan duration
Up to 6 months

Loan monthly interest rate
Ranges from 1.39% to 3.49% per month. Interest rates may vary depending on your business profile, selected loan amount, term length, payment frequency, or the buyers you transact with.
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Flexible convenience fees
Choose between a processing fee (1.99% of the principal amount) or a subscription fee for unlimited free drawdown.

How are my business loans affected by the Bayanihan Act?

Click here to read our FAQs

Find the right solution for you

I need a business loan to...

Supported by real people
Hands-on guidance comes with every application, with our dedicated Sales Team. Get started now and see if you qualify for a business loan.

Talk to an expert

“First Circle is something that will really make a big difference to help SMEs in the Philippines.”

Ramon Lopez

Secretary, Department of Trade and Industry (DTI)

How to know if you should get a business loan

January 10, 2022

A Beginner’s Guide to Interest Rates

November 8, 2021

How to get a Revolving Credit Line?

Get a business loan in 3 easy steps

Choose your terms

Upload the requirements

Accept our loan offer

How to get a Revolving Credit Line

Apply online and speak with an Account Manager

Submit personal, business, and transaction documents

Start using your new revolving credit line and scale your business!

Step 1

Apply online and speak with an Account Manager

Step 2

Submit personal, business, and transaction documents

Step 3

Start using your new revolving credit line and scale your business!

Common questions

What are short-term business loans?

What are the advantages of short-term business loans?

Why choose First Circle?

How can I get a Revolving Credit Line?

What are your rates and terms?

How are my business loans affected by the Bayanihan Act?

Find the right solution for you

I need a business loan to...

How to know if you should get a business loan

A Beginner’s Guide to Interest Rates