Company Description: Company is a small construction firm specializing in residential and small commercial projects. The team is dedicated to delivering high-quality construction services with a focus on customer satisfaction, efficiency, and sustainability. With a proven track record of successful projects and satisfied clients, the business is poised for growth and expansion in the competitive construction industry.

Loan Request

Amount of Loan: PHP 500,000

Interest Rate: 24% per annum

Period: Six months with an option to pre-terminate at no penalty

Collateral

• Post-Dated Checks: Secured by post-dated checks to ensure timely repayment, and
• Chattel Mortgage: Secured by a motorcycle.

Purpose of Loan

The primary purpose of this loan is to finance ongoing projects and enable us to take on additional projects. Specifically, the funds will be used to:

1. Finance Ongoing Projects: Ensure the smooth continuation and timely completion of our current construction projects by covering costs such as materials, labor, and other operational expenses.
2. Take Up More Projects: Increase our capacity to accept new projects, thereby expanding our client base and revenue streams.