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Your Guide to Business loans

Are you looking to expand your business but don have the funds to do so? A business loan might be the solution you need. In this guide we'll cover the basics business loans, including types of loans how to qualify, and what to consider applying. With this, you'll be able to make an informed decision about whether business loan is right for you.

As a business owner, you have overseen the operations of your enterprise, a testament to your persistent efforts and unwavering commitment. While you acknowledge its current success, the prospect of further advancement lingers in your thoughts. The consideration of expansion has surfaced; however, upon scrutinizing your sales and revenue, it becomes apparent that additional funding may be necessary to facilitate such growth.

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Additional capital is extra money invested in a business to help it grow, expand, or run day-to-day operations. This money can come from loans, shareholder investments, or profits reinvested in the business.

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​It is crucial for a business to have access to extra funds in order to achieve its goals of growth and expansion. Business owners must, however, ensure that they manage their business capital carefully.

Business loan Options

It's important to understand the difference between collateralized and non-collateralized loans. A collateralized loan is secured by an asset, such as a house or car, offered by the borrower to back the loan. On the other hand, a non-collateralized loan, also known as an unsecured loan, doesn't require any collateral and is based solely on the borrower's creditworthiness and ability to repay the loan. The choice between these two types of loans depends on a variety of factors.

Collateralized loans are a good option for borrowers with a lower credit score or higher risk because the collateral reduces the lender's risk. However, if the borrower is unable to repay the loan, the lender can take possession of the collateral, potentially leading to the loss of the pledged property. On the other hand, non-collateralized loans are suitable for borrowers who do not have any assets to offer as security to the lender. It's essential for borrowers to carefully consider their options and choose the loan that best matches their financial goals and capabilities.

Collateral-Free Additional Capital Business Loans.

At RDR CREDIT, we want to ensure that we provide the best service at NO-ADDED COST. Yes, we do not ask for any application fee, early payment fee, or the likes.

We have partnered with the leading Financing Institutions to provide our clients with the BEST OPTIONS that is tailor-fit to their business needs.

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Why apply at RDR CREDIT? Because our Partner Lenders have complete trust in our Portfolio, having the knowledge and expertise in the field of unsecured business loans for more than two decades.

Apply Now and Get Pre-Approved, fast and easy.

  • Filled out the online application form @ http://bit.ly/businessloansph

  • 2 valid government-issued IDs of Borrower

  • Latest three (3) months Print Out or Online statements or a clear photo of the Passbook (with the first page) for all savings and checking account/s

  • Picture of sample check for each checking account

  • Updated DTI Permit or SEC Registration

  • 2024 Mayor's Permit and/or 2024 Barangay Business Clearance

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