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Esquire Financing Business Loan

Apply for a business loan that is fast and hassle-free!

  • icon Interest Rate
    Interest rate (p.a.)
    42.00% - 42.00%
  • icon Min. monthly income
    Loan Tenure
    0.5 - 1 year
  • icon Min. monthly income
    Approval Duration
    Up to 7 working days
  • icon Min. monthly income
    Min. monthly income
    ₱ 30,000

Loan Calculator

icon New Base Rate Loan Calculator

year(s)
Monthly salary 30000
Interest Rate
You Pay
/mth
Total Interest Payable
Total Amount Payable

Whats so great about Esquire Financing Business Loan?

  • Minimal document requirements

  • Loan approval in as fast as 7 days

Product Features

Min. Financing Amount ₱100,000.00
Max. Financing Amount ₱10,000,000.00
Min. Loan Tenure 3 months
Max. Loan Tenure 6 months
Interest Rate 3.5% per month
Approval Duration Up to 7 working days
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee N/A
Stamp Duty N/A
Disbursement & misc. fee N/A
Penalties
Early Settlement N/A
Late Payment Charges N/A

Eligibility

Age requirement Age 21 - 59
Employment eligibility N/A
Min. salary requirement ₱300,000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? No
Other details Method of Payment - PDC's

Review by iMoney

Esquire Financing Inc., has been active in the industry since 2011 with their proud advocacy of lending financial assistance to small and medium enterprises (SMEs) helping them propel their growth. It has been part and parcel of their company’s mission to recognize the importance of aspiring entrepreneurs and SMEs in accordance to the country’s economic growth. Their belief and dedication towards supporting local enterprises is their driving force as they offer fast, hassle-free, no collateral business loans to entrepreneurs and business owners alike, allowing their ideas to materialize and their enterprise to achieve its maximum potential. Esquire Financing Business Loan gives you the opportunity for additional capital starting from as low as ₱100,000 up to a maximum of ₱10,000,000 with payment terms ranging from 3 to 6 months. The interest rate is at 3.5% per month with no additional fees and charges. You can enjoy immediate pre-approval and receive your loan in as fast as 2 days. A business owner must have at least ₱300,000 gross monthly income to be eligible to avail.

Advantages Of Applying With Esquire Financing Business Loan

  • High maximum loan amount of up to ₱10,000,000
  • Immediate pre-approval upon submission of latest 3 months bank statements
  • Competitive interest rates at 3.5% per month
  • Loan disbursements in as fast as 2 days.

If you are a business owner who is in the market for additional funding, go through the loan details and eligibility requirements to know if this loan is best for your needs.

Esquire Financing SME Business Loan FAQ

How much can I borrow?

With an Esquire Business Loan, borrow from as low as ₱100,000 to as much as ₱10,000,000 subject to approval.

How can I apply for an Esquire Business Loan?

You can apply for an Esquire Business Loan directly through the iMoney application form. Our Customer Care Agent will contact you shortly and guide you through your application process.

What is the interest rate, fees, and other charges or penalties?

Interest rate for an Esquire Business Loan is 3.5% per month. However the rate may vary depending on the loan amount as well as the term length.

What are the Esquire Business Loan Requirements?

An applicant must fulfill Esquire's eligibility criteria for a loan:

  • Business must be in operations for at least 1 year.
  • Business must be registered to DTI (if sole proprietor) or SEC (if partnership/corporation) under the borrower's name.
  • Business must have a Mayor's permit and Barangay clearance registered under the borrower's name.
  • Borrower must be the owner or primary shareholder of the business.
  • Borrower must have active checking account for at least 6 months.
  • Borrower must be the signatory on checks.

Consequently, after filling out an application form, the following documents are necessary:

  • TIN ID and any other government-issued ID proof of the Principal Borrower
  • Latest three (3) months Bank Statement and Bank Certification
  • Photocopy of valid Mayor’s Permit
  • Photocopy of valid Barangay Business Clearance
  • 1” x 1” ID picture of the Principal Borrower
  • 1 Picture of Exterior - Picture of business premise from outside with sign board and its surroundings
  • 1 Picture of Interior - Picture of business inventory
  • Latest (not older than 2 months) proof of billing for Business and Residence
  • Sketch/map of Business and Residence location with nearest landmark

*Additional documents may be required during credit evaluation.

How does the Esquire Business Loan Calculator work?

The Esquire Business Loan calculator computes the estimated cost of borrowing and the amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Why should I apply for an Esquire Business Loan, why do I need it?

Esquire Business Loan is perfect for those small and medium enterprises who are looking to expand their business and is looking for additional funding.

What are the uses of the Esquire Financing Business loan?

The Esquire Business Loan can be used by small and medium enterprises who are looking to expand their business and is looking for additional funds.

What are the pros and cons of Esquire Business loan?

Here are just some of the pros of acquiring an Esquire Business Loan:

  • High maximum loan of up to ₱10,000,000.
  • Immediate pre-approval upon submission of latest 3 months bank statements.
  • Competitive interest rates at 3.5% per month.
  • Loan disbursements in as fast as 2 days.

Here are the possible cons of the acquiring an Esquire Business Loan:

  • Business must be in operations for at least a year
  • Business must be registered to DTI (if sole proprietor) or SEC (if partnership/corporation) under the borrower's name.
  • Business must have a Mayor's permit and Barangay clearance registered under the borrower's name.
  • Borrower must be the owner or primary shareholder of the business.
  • Borrower must have active checking account for at least 6 months.
  • Borrower must be the signatory on checks.

How fast is the application and approval process?

Approval for an Esquire Business Loan can take up to 7 days.

Can I use Esquire Business loan to start a business?

Currently, businesses who are in operation for at least a year and has a checking account that has been active of at least 6 months is eligible for an Esquire Business Loan.

Is Esquire Financing Business Loan the right one for me?

Are you a business owner looking for extra capital? Are all the signals pointing to expanding your enterprise? If you have answered yes, and is currently hindered by the lack of funds, then Esquire Financing Business Loan might be the solution to your needs. Offering fast turnaround time of just 2 days, you can receive the funds required for your operations without any collateral. Borrow high loanable amounts for your business use through quick, convenient, and reliable service that a small and medium business can truly depend on.

Additional funds can come in handy especially for a growing company’s business operations. Find the one you need with these alternative options:
RFC Business Loan

The Radiowealth Finance Corporation (RFC) Business Loan allows entrepreneurs to get additional capital for expansion purposes as you borrow loanable amounts from a minimum of ₱100,000 up to a maximum of ₱1M, payable up to 1 year. It offers flexible loan tenure from as early as 3 month up to a year, starting at a competitive interest rate of 42% per annum.

Global Dominion Financing Incorporated Doctors Loan

If you are a doctor, dentist, medical physician or practitioner, you can now apply for a Doctors Loan through Global Dominion Financing Incorporated. For any funding requirement, be it for expansion, additional equipment, or personal need, you can loan up to ₱300,000 without a required monthly income. With quick approval in 1 - 3 days, you can pay up to a year, with an interest rate of 1.75% per month.

First Circle Business Loan

Grow your venture even more with a First Circle Business Loan. Specifically catering to business owners looking to address cash flow setbacks such as large purchase orders or pending invoice receivables, get the capital funding needed up to ₱2.5M with competitive rates starting at 1.74% interest per month, payable from 15 days up to 6 months.

Check out the rest of the featured Business Loans listed on our website and select which facility is right for your needs.