SME Loans

With just 2 initial requirements, you can already request a free credit line assessment in our Application Page:
1. A Valid Government ID
2. Your company's registered name in BIR, DTI, and/or SEC

We will request additional documents once your assessment qualifies you for an initial offer. Check out our guide to SME loan requirements for a better understanding of the documents we may request.

Step 1. Apply online
See if you are eligible for a First Circle credit line by completing our online application form. A dedicated First Circle contact person will reach out to you regarding your application in 1 business day.
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Step 2. Submit application requirements
If you receive an initial credit line offer, your First Circle contact will assist you in completing the rest of your application requirements from our Document Checklist.

Step 3. Use and re-use your credit line as needed
Just reach out to your dedicated Account Manager or log in to your First Circle account whenever you need a loan from your credit limit. We disburse funds to any bank within 1 business day.

See our Process and Requirements page for a better understanding of our processing times and application guidance.

After you complete the online application, we will reach out within 3 days to provide feedback. Should you qualify for an initial financing offer, an assigned First Circle contact person will guide you through our application process. As soon as your requirements are completed, they will also update you about our final credit line decision.

Interest rates
‍Our SME business loan interest rates start as low as 0.99% and can be lowered further if you are eligible to avail of our Best Price Guarantee.
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‍Collateral Requirement
‍None

‍Application Fee & Maintenance Fee
‍None‍

‍Convenience Fee
‍Choose between a per-withdrawal Processing Fee of 1.99%, or a fixed-rate Subscription Fee for unlimited withdrawals. This is charged only when you use your credit line.

‍Credit line validity
‍Your credit line will remain valid as long as you keep your documents up-to-date.

‍Before using your credit line, you’ll be asked to choose between two types of convenience fees:

Processing Fee
‍Best if you don’t plan to withdraw often, or if you are using your line as an emergency fund
- 1.99% of your credit line loan amount
- Only charged whenever you use your credit line

‍Subscription Fee‍
‍Best if you expect to withdraw credit line loans frequently
- Unlimited withdrawals for the entirety of your credit line validity period
- The fee will vary depending on your chosen frequency of subscription fee repayment: Annual (3.99% of line amount), Bi-Annual (4.8% of line amount), or Quarterly (6% of line amount).

At the moment, First Circle only offers financing to registered sole proprietorships, partnerships, and corporations which has been operating for at least 6 months, and with an annual revenue of at least ₱5 million.

For other types of loans, you may check out our guide to government loans for MSMEs in the Philippines, which covers microloans and other types of SME loans from our official partner, DTI.

To help you compare SME loans, check out our guides to BDO SME Loans, BPI SME Loans, and Seekcap SME loans.

As soon as your credit line is open, you can request for an SME loan withdrawal. Simply contact your Dedicated Account Manager via call, text, or email; or log in to your First Circle account. You won't need to provide any more requirements.

We validate your request for an SME loan withdrawal within the same business day, or the following business day if you made the request on a non-working date. We'll disburse funds to the local bank of your choice within 2 business days.