Process & Requirements

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.

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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.

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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.

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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.

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 business loan?

To get a business loan, your business should meet the following criteria:
‍
1. The business must receive purchase orders or issue invoices.
2. The business is receiving orders from partnerships, cooperatives, corporations or government agencies in the Philippines.
3. The business must be located in the Philippines.
4. Type of business: Corporation, Partnership or Sole Proprietorship.
5. The business should be operational for more than one (1) year.
‍
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 business loan offer.

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.

Business loan duration
Up to 6 months

Business loan monthly interest rate
Ranges from 1.74% to 4.99% per month. Interest rates will vary depending on the business profiles of both the applicant and the business associated with the purchase order or invoice.

Fixed convenience fees
1.99% of the principal loan amount.

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...

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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)

6 Ways to Communicate Effectively with Businesses

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How to apply for a business loan

Get a business loan in 3 easy steps

Choose your terms

Upload the requirements

Accept our loan offer

Get a business loan in 3 easy steps

Enter your information

Submit a signed Invoice or Purchase Order

Your business is financed!

Step 1

Enter your personal and business information

Step 2

Submit a signed Invoice or Purchase Order

Step 3

Your Business is Financed!

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 business loan?

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...

6 Ways to Communicate Effectively with Businesses

Online Business Loans for Faster Recovery