Get Quick Funds While Waiting for Your Receivables.
OIC’s Check Rediscounting Loan is here to help your business move forward – even when your payments are still in the pipeline! It’s a financing solution designed for entrepreneurs who accept postdated checks from clients, providing access to funds immediately instead of waiting for checks to clear.
Key Features:
- Purpose: To bridge the gap between payables and receivables, maintain smooth business operations, grab expansion or investment opportunities on time, and improve supplier relationships.
- Loanable Amount: Up to 80% of the total postdated checks, with a maximum loan cap of ₱4,000,000.
- Who Can Apply:
- Must be an OIC member (AA, A, B, or C).
- Must own a legitimate business (sole proprietorship or partnership).
- Business must be at least 3 years in operation and profitable in the last 2 years.
- Collateral: Requirements are based on the loan amount; no co-maker required.
- Benefits for Entrepreneurs: Fast access to funds, no need to chase clients for early payment, stable cash flow, ability to expand business without delay, and trusted by SMEs.
