WHAT IS DISCOVERY BUSINESS LOAN?

For companies wishing to fund urgent requirements, such as business expansion, asset acquisition, or cash for daily operations, our SME business Loan is ideal. This business loan is specifically designed to meet the expanding needs of your company. In addition, Discovery Business Loans will help you become more financially stable which will improve the performance of your business. It will also assist you in expanding your business, improving your existing operations and meeting or exceeding your working capital requirements.

WHY CHOOSE DISCOVERY?

As a financing company, Discovery is committed to realizing its vision. We work to support SMEs in reaching their business objectives.

Discovery has built a reputation for stability, and leadership by hiring people who are committed to product quality and service excellence.

We commit to releasing loans to our customers within 7 days to alleviate the pain of waiting for loans from other financial institutions and continue or start expanding their business operations.

REASONS TO GET A BUSINESS LOAN

3 STEPS LOAN PROCESS

Application

  • • Click Apply Now to start the loan application.

  • • Discovery will conduct a basic verification process to check the validity of the submitted information and documents.



  • Apply Now

Approval

  • • We guarantee a 7 working days loan approval upon completion of the pertinent documents.

  • • Discovery will inform you regarding the loan status though a text message or phone call.




Releasing

GENERAL DOCUMENTARY REQUIREMENTS

Loan Application Form

Must be completely filled out and signed by the Borrower.

Mayor's Permit

Must be unexpired and under the name of the Borrower.

Bank Certification & Bank Statement

Submission of at least Six (6) months Bank Statement.

Billing Statement

Billing Statement must be under the name of the Borrower.

Barangay Clearance

Must be under the name of the Business or name of the Borrower, duly signed by the Barangay Captain.

BIR Certification of Registration (2303)

Original/Updated BIR 2303 must be submitted for verification.

Audited Financial Statement for 2 years

Two (2) years AFS must be submitted duly signed by External Auditor, accredited by SEC.

Income Tax Return for two consecutive years

Two (2) years Income Tax Return received by the BIR.

ADDITIONAL REQUIREMENTS

Sole Proprietorship

  • DTI Registration
  • Business TIN ID
  • Government ID of Business Owners

Partnership

  • SEC Certificate of Partnership
  • Business TIN ID
  • Articles of Partnership & By Laws.
  • General Information Sheet
  • Secretary Certificate (Discovery Format)

Corporation

  • SEC Certificate of Registration
  • Business TIN ID
  • Articles of Partnership & By Laws.
  • General Information Sheet
  • Secretary Certificate (Discovery Format)