Ready to Scale Your Business? Find the Right Financial Partner
See how PSBank’s SME Term Loan can help you grow.
So your business is ready to scale. You’ve proven your idea works. Your business is generating word-of-mouth. You’re on the road to profitability. What now? For many small and medium enterprises (SMEs), scaling a business can be daunting and fraught with pitfalls and risks. The right strategy and the right financial partner, however, can change that.
Case in point: scaling a business requires capital and investment. To grow your business, you need to put more money in your business. This financial injection can be used for a variety of business needs. Hiring more employees? Buying more inventory? Renting a new office/warehouse/factory space? All of it requires investment.
To finance business growth, many Filipino entrepreneurs choose to bootstrap. The term comes from the saying “lift yourself up by your own bootstraps,” making the analogy of growing your business on your own, without anyone’s help. With bootstrapping, you might take out a personal loan to grow your business. Profits—if any—are often rechanneled back into the business. And on the positive side, bootstrapping lets entrepreneurs maintain control and ownership of their business.
However, bootstrapping isn’t always the answer when it comes to scaling a business. In fact, there are many venture capitalists looking for fresh, new businesses to invest in. And there are also banks that are ready to help with financial products that are perfect for scaling business.
SME Loans in Action: How They Can Help
Let’s take a closer look at how getting a business loan from a bank is a simple yet powerful tool in scaling a business. PSBank, a strong consumer and retail bank, offers loans to SMEs that are custom-made for their needs.
Scaling Business Without Touching Your Personal Savings
You don’t need to dip into your personal funds to grow your business. In fact, keeping your personal finances separate from your business finances is ideal for scaling a business.
PSBank SME Term Loan makes this possible through collateral options. You get the financial support needed for long-term growth while preserving your personal funds. Instead of using your personal finances as a measure for how much you can loan—or using your assets as collateral—the SME Term Loan uses your business’ assets as collateral instead.
You may start with a Php500,000 loan using deposits. If your business has real estate, you may use that as collateral for a loan of Php2 million. This leaves your personal finances safe and intact, separate from your business finances.
PSBank SME Term Loan is also tailored to meet the unique needs of each business. Aside from its competitive rates, it has flexible repayment options that can be customized for your specific business.
Financing That Fits Your Cash Flow
With growth, your business may also need to invest in major assets. When doing so, you need financing that fits your cash flow. PSBank SME Term Loan offers various loan terms from one (1) to seven (7) years, giving you breathing room to grow while managing costs.
A standout feature of the SME Term Loan is the Prime Rebate, which automatically gives borrowers interest savings whenever they make advance or excess payments.
Designed for Growth
PSBank SME Term Loan is designed for businesses that are expanding, which often means building an office, a warehouse, or a new store. Knowing this, PSBank has designed the loan so that it supports construction schedules with fund releases aligned with your project’s progress.
Initial disbursements can be as high as 60% of the appraised land value, and this can give you valuable liquidity to cover significant upfront expenses.
As your business finances can get tied up with construction, you can also get funds for day-to-day operational needs through PSBank’s SME Business Credit Line. This is a short-term financing solution that can help you with unexpected expenses, or additional project costs as your business expands.
Solutions for Your Business’ Operation
Running day-to-day operations like payroll, inventory restocking, and utilities can stretch your cash flow. By opening a PSBank Corporate Account, you get free access to Business Online Buddy, a platform that enables hassle-free payroll, supplier payments, and other transactions. It’s all about making your day-to-day business smoother, so you can focus on what really matters: growing your company.
For more information about PSBank SME Term Loan, visit the PSBank official website.
About PSBank
Philippine Savings Bank (PSBank) is an industry trailblazer in innovative banking solutions. It has been the country’s consumer and retail bank of choice for more than 60 years. With its mission of delivering quality customer service and consumer-focused products, the stands by its promise: Simple Lang, Maaasahan.
PSBank is the retail banking arm and a subsidiary of the Metropolitan Bank and Trust Company (Metrobank). Its network has surpassed 250 branches and 500 in-branch and offsite ATMs across the nation.
