Process & Requirements

How to apply for a business loan

Only a handful of steps, all online with minimal paperwork, and no collateral required.

Get a business loan in 3 easy steps

Enter your information

Send your personal and business information in however way you want: through email, Viber, messenger, or upload to your First Circle Account.

Submit a signed Invoice or Purchase Order

Upload clear photos of your fresh, signed invoices or P.O.s, and we will verify your document and then create a loan offer within 48 hours.

It's that easy!
Your business is financed!

Once you've received our loan offer, you can let us know your payment preferences. Accept to get funds right away!

Step 1

Enter your personal and business information

Start by registering an online profile for you and your business. This makes applying for financing from First Circle simple and efficient. This also allows us to verify your personal and business identity in order to get your loan application approved.

After telling us some basic information, you can establish an initial Credit Limit by uploading proof of your business transactions within the last year.
Sign up to get started
  • 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
    BIR Certificate of Registration: Form 2303
    Business information
    Proof of Billing Address: Mayor's Permit, Lease Contract, Utility Bills (such as Meralco, Water Bills, etc.)
    DTI or SEC Certificate: DTI Certificate for Sole Proprietors, SEC Certificate for Corporations
  • Past transactions for your initial Credit Limit
    You can establish an initial Credit Limit by sending us proof of your previous transactions within the last year: Invoices, Delivery receipts, Counter receipts, Statement of accounts, Billing statements, Official receipts, Collection receipts, Acknowledgment receipts, Check voucher, Remittance advise
  • Invoice Financing
    The document issued by the seller to the buyer after delivery of goods or services: Signed Invoices, Billing Statements, Delivery Receipts
    About Invoice Financing
  • Purchase Order Financing
    The document issued by a buyer to a seller before delivery of goods or services: Signed Purchase Orders, Notice to Proceed Contract Agreement Notice of Award
    About Purchase Order Financing
Step 2

Submit a signed Invoice or Purchase Order

We can finance multiple orders and receivables, whichever suits your business needs. Once you submit clear photos of your documents, First Circle will verify them and give you a loan decision within 5-7 business days. No minimum transaction amount is required to avail of business financing.
Sign up to get started
Step 3

Your Business is Financed!

After submitting necessary business documents and other requirements, we will send you an offer as soon as the application is processed. Your loan size and corresponding rates will depend on the risk, loan duration, and tenure of your business with First Circle.

Once you accept our loan offer, and if you are in a serviceable area, 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, 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.
Sign up to get started
  • Funds straight into your bank account

    Approved funds will be transferred directly to your bank account. Fund transfer usually occurs within 48 hours after we collect your cheques.

Common questions

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