There are several financing companies in the Philippines that you might be interested in, whether you’re in need of additional cash flow or funding for your new business. Financing companies in the Philippines provide loans or lend individuals money, which they need to pay back with interest. Many individuals prefer financing companies than traditional bank loans because they have fewer requirements and faster processing. Those with poor credit histories also go to financing companies for their loans.
If you’re interested in getting some funding, we’ve listed some of the top lending and financing companies in the Philippines. These are some of the legitimate companies approved by the Securities and Exchange Commission (SEC) and listed by the Freedom of Information Philippines (FOI) based on total assets (in no particular order).
1. Orix Metro Leasing and Finance Corporation
Orix Metro is a leading financing company that is a joint venture between Metrobank and Orix Corporation, a pioneering leasing company in Japan. It has over 45 years of experience in the Philippines. It specializes in diverse financing and leasing services. It’s a great option if you’re looking at huge funding needs such as transportation equipment, office equipment, industrial machinery, manufacturing machinery, and many others.
2. First Industrial Credit Co., Inc. (FICC)
FICC is a credit company that provides short-term loans or funding to businesses, corporations, and their employees. It has a reliable track record of 35 years of experience in the industry. Its best service offering is the Credit as a Service (CaaS) system, which allows borrowers to borrow money conveniently online at no extra cost.
3. Esquire Financing
Esquire Financing focuses on small and medium enterprises in need of business loans. They promise to offer hassle-free, no-collateral, and fast processing of loans suitable for your business goals. Although it’s fairly new, having been founded in 2011, it quickly gained momentum and rose to the seventh spot in FOI’s list of the Top Financing Companies in the Philippines based on total assets.
4. BDO Leasing
Powered by one of the top banks in the Philippines, BDO Leasing offers customized financing and leasing solutions that fit your business goals. It can provide credit or cash flow for your business needs. If you don’t have enough savings, it can also assist you in purchasing costly equipment or other assets.
5. Radiowealth Finance Company Inc
Since its founding in 1964, RFC has provided a variety of SME Business Loans and Multi-Purpose Cash Loans. It’s excellent for people looking to receive a personal loan or money for a new business.
There are several more financing companies in the Philippines that are capable of providing financing solutions for your business. It’s always best to take the time to research its certification, experience, quality of service, and terms.
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