Empowering Business Growth with the Security Bank Business Express Loan

With the Security Bank Business Express Loan (BEL), businesses can apply for loans ranging from Php1 million to Php7.5 million.

The Security Bank Business Express Loan (BEL) is a fast and hassle-free financing solution tailored for Micro, Small, and Medium Enterprises (MSMEs). It provides a collateral-free term loan that helps enterprises grow their operations, manage cash flow more effectively, and boost overall financial performance—all with minimal paperwork and quick approval. 

Loan Features and Payment Terms

For MSMEs looking to scale up, BEL offers a practical and accessible financing solution. With loan amounts ranging from Php1 million to Ph7.5 million, BEL is designed to meet the operational demands of growing businesses. 

With flexible terms of up to 36 months for smaller loans (below Php3 million) and up to 60 months for larger ones (Php3 million and above), BEL is designed to support business growth. Eligibility conditions apply, but no collateral is required. 

Eligibility Criteria

To qualify for a Business Express Loan, a business must be registered to operate in the Philippines, in operation for at least three years, and show profitability for the most recent year. Additionally, the company should have no outstanding debt that exceeds 40% of its monthly income. 

Required Documentation

Gathering the right documents is essential for a smooth loan application process. Sole proprietors can start with the basics: two valid government-issued IDs, latest Income Tax Return (ITR) with a BIR stamp, and most recent Audited Financial Statements.

The company’s DTI business registration, bank statements from the last six months, and a list of customers and suppliers with contact details, are also required.

Don’t forget to include a valid Business or Mayor’s Permit to complete the requirements. 

Requirements slightly differ for partnerships or corporations. Additional documents such as SEC registration papers, Articles of Incorporation or Partnership, and a Board or Partnership Resolution authorizing the signatory for accounts and the loan are needed. A credit investigation will be conducted for both the business and its owners. 

Credit Evaluation and Disbursement

After submitting the required documents, credit evaluation takes about five to seven business days. Processing may vary and additional documents might be requested. Once approved, the loan will be credited to the borrower’s Security Bank account. 

Borrowers without a Security Bank account can easily open a Business Plus Account to complete the process.  

Loan Repayment and Pre-Termination

Managing the Security Bank Business Express Loan is simple and stress-free. Monthly amortizations are automatically debited through the Auto-Debit Arrangement (ADA), ensuring timely payments without the hassle. 

Should a borrower decide to settle a loan earlier, pre-termination is allowed.

For Vanessa Zammiello-Stacks, owner of Joshua Gummies and Sweets, applying for a BEL was a game-changer: 

“We tried applying online to check the rates. At first, we weren’t hopeful, but we were offered competitive rates and the loan officer was very accommodating. Best part? From application to booking, it only took a little over two weeks,” she said.

With quick processing, competitive rates, and personalized service, Security Bank’s BEL is designed to help businesses grow faster and smarter. 

Ready to apply? Complete the Online Application Form today or visit the nearest Security Bank branch to get started. 

Learn more about Security Bank’s Business Express Loan through this link.