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Frequently Asked Questions

What businesses are qualified to apply for Purchase Order and Invoice Financing?

First Circle’s business financing services are modeled to cater to the needs of SMEs that receive large purchase orders or have pending invoices. However, we cannot work with businesses that belong in the following industries:

  • Multi-level Marketing
  • Insurance
  • Real Estate
  • Non-profit Organizations
  • Research and Development
  • Banking
  • Financial Services
  • Gambling
  • Legal

Does First Circle offer personal loans, auto loans, or housing loans?

No. First Circle only offers purchase order financing and invoice financing for businesses. We do not offer consumer loans, like personal, home, or auto loans.

How do I apply for financing from First Circle?

Application is completely free of charge and is done online.


Download the First Circle mobile app from the App Store or Google Play. Follow the steps in securing a TrustPass. The TrustPass enables loan applicants to submit requirements with ease and convenience. The First Circle credit and risk committee will review the requirements you will submit as you try to secure a TrustPass.

Once your TrustPass has been granted, you may begin submitting the purchase orders and invoices you would like to get financed.

Learn more about how you can secure a TrustPass from the Process & Requirements page.

Disclaimer on Application Fees

Authorized personnel of First Circle will never ask for monetary benefit to process loan applications. Our loan approval criteria is based solely on our credit scoring process. We do not charge any fees prior to the loan approval.

First Circle does not conduct any cash transactions. Processing fees that we may charge are always settled through your First Circle Account (FCA).

How long does it take to apply?

Once you’ve submitted all the required documents, the Risk and Credit Committee will review it within 24 hours. Expected lead time in waiting for application’s status update is 3 days from submission of requirements.

You will receive loan offers after we verify all your documents. Accept your loan offer to receive the money in your bank account in 2 days. Overall, a seamless loan application process with First Circle will take just 5 days.

Some instances that might prolong the verification of requirements is when a document uploaded by the applicant is blurry or not valid. Notifications for this instances will be received within 24 hours. Make sure to upload clear photos of valid documents to avoid delays.

What are the requirements?

The list of required documents are listed down in the Process & Requirements page. We serve two different categories: sole proprietors registered under DTI, and partnerships or corporations registered under the SEC.

There are different sets of requirements for each.

Is everything done online?

Yes, the whole application process is done through the First Circle website. Say goodbye to filling out paper forms and to lining up for hours in a physical branch. We make business financing convenient and easy for SMEs.

How much are the interest rates?

Interest rates range starts at 1.74% per month. In addition to this a fixed processing fee of 1.99% of the total loan amount will also be charged per loan.

These rates are tailor-fit to varying factors including the client's credit score and tenure, to name a few.

Is refinancing available to existing clients?

Yes, a majority of our clients regularly refinance with us. Clients eligible for refinancing are those who have good credit standing.

First Circle’s old clients who usually need funding for their purchase orders and invoices can submit a picture of their purchase orders and invoices in 2-5 minutes through our website.

Can't find your answer anywhere? Contact us and we'll get back to you as soon as possible