From Startup to Scaling Up: Finance Your Business with the Security Bank Business Mortgage Loan

A step-by-step guide to applying for the Security Bank Business Mortgage Loan (BML)

Growing a business often requires more than just vision—it also entails having the right financial partner. The Security Bank Business Mortgage Loan (BML) offers a secure financing solution designed to help Micro, Small, and Medium Enterprises (MSMEs) make significant investments, expand operations, and achieve long-term growth. 

With its competitive interest rates and flexible terms, and by offering expert guidance, BML is tailored to align with the strategic goals of Filipino businesses. 

Here’s how to get a Business Mortgage Loan from Security Bank. 

Step 1: Check for Eligibility 

Before applying, a business must meet the following criteria: it must be registered with the Securities Exchange Commission (SEC) or Department of Trade and Industry (DTI); operate as a Sole Proprietorship, Partnership, or Corporation; and have at least three years of profitable operations. Startups operating for less than three years may still qualify on a case-to-case basis.

Step 2: Prepare the Required Documents 

Gathering the right documents is crucial for a smooth loan application process. For all applicants, this includes a completed loan application form, two valid government-issued IDs, latest Income Tax Return (ITR) with a BIR stamp, and the most recent Audited Financial Statements. Bank statements for the last six months and a valid Mayor’s or Business Permit are also required. 

Startups are encouraged to prepare financial projections to demonstrate growth potential.

Businesses applying as a partnership or corporation would need to submit SEC registration papers, Articles of Incorporation or Partnership, and a Board or Partnership Resolution authorizing the signatory for accounts and the loan. Meanwhile, sole proprietorships are required to submit their DTI Certificate of Registration. 

Step 3: Know the Loan Features 

The BML offers flexibility to match business goals. Loan amounts range from Php1 million to Php75 million, depending on collateral value. Terms can extend up to 20 years, providing borrowers to manage repayments comfortably.

The maximum loanable amount can go as high as 80% or up to 110% of the appraised value of the collateral, based on the bank’s valuation and the borrower’s repayment capacity. Processing may take from 15 to 20 working days once all requirements are complete.

Step 4: Understand the Fees 

Before proceeding with the loan application, a borrower must understand the costs involved. The appraisal fee is Php3,500 for properties in Metro Manila and Php4,500 for those outside the Metro, with an additional Php500 for extra titles in the same area. Real Estate Mortgage fees range from 2.5% to 3.0% of the loan amount, covering documentary stamp tax, registration, notarial, and processing fees. 

One standout feature is Security Bank’s No Cash Out For Charges (NCOC) option, which allows borrowers to roll fees like insurance and registration into the loan without upfront cash outlay. 

Step 5: Secure Collateral 

Since BML is a secured loan, a borrower would need to prepare collateral-related documents. These include a copy of the property title (TCT or CCT), a lot plan with a vicinity map, and tax declarations for the land and any improvements. For construction or renovation loans, building plans, permits, and a bill of materials with cost estimates are also required. 

Step 6: Submit the Loan Application

Once all required documents are ready, interested parties may apply for a loan in two convenient ways: online through the Security Bank BML Online Application Form or by visiting the nearest Security Bank branch for personalized assistance. Either way, the process is designed to be straightforward and efficient, so you can focus on growing your business. 

For business owners like Luisa Navarez, owner of FlowerzByL, the experience speaks for itself.

“I’ve tried several financing options, but the sad truth is, I was only approved between 50 and 70% with other financing companies, but with Security Bank, ang taas na ng appraised value, ang taas pa ng percentage, because they gave me 80% approval based on appraised value (I’ve tried several financing options, but the sad truth is, I was only approved between 50 and 70% with other financing companies, but with Security Bank, the appraised value is high and the percentage is even higher because they gave me 80% approval based on appraised value), ” said Narvaez.

Ready to Scale Your Business? Start your application today and take your business to the next level. Apply now for the Security Bank Business Mortgage Loan.