Working capital
Working capital business loans for Philippine SMEs
Inventory for the peak season, a new delivery truck, payroll while a big customer pays late. A Datung business loan gives you a lump sum of working capital, repaid over 3 to 12 months.
- One application for all 6 kinds of financing
- Just 3 things to apply
- Pre-approval usually within about 1 hour
- Final answer usually within 12 hours
Times are during business hours. Applications that come in at night start at 8 AM. Our aim, not a guarantee.
Business loans
What is a working capital business loan?
A business loan is a lump sum you use for whatever keeps the business moving: inventory, equipment, payroll or your peak season. Financing ranges from ₱30,000 to ₱10,000,000, and you repay over a term of 3 to 12 months.
Tell us whether you'd prefer to repay weekly, bi-weekly or monthly, so the schedule fits how your business earns.
How business loans works, in practice
- Apply once, online, and tell us what the money is for.
- We review your application and visit your business.
- If approved, you sign your loan documents and receive your funds.
- Repay over your agreed term. Tell us whether you'd prefer weekly, bi-weekly or monthly payments.
Business loans at a glance
- What it does
- A lump sum for inventory, equipment, payroll or your peak season, repaid over 3 to 12 months.
- Best for
- Any established business that needs cash to keep moving.
- Amount and term
- ₱30,000 to ₱10,000,000, over 3 to 12 months
- To apply
- The same 3 things as every kind of financing: the online form, 1 valid ID and your last 3 months of bank statements.
Who it's for
Who a business loan is for
Datung funds the established suppliers and distributors one level up the supply chain: the businesses that keep sari-sari stores, carinderias, talyers and contractors stocked on terms.
- Any established business that needs cash to keep moving
- Suppliers and distributors stocking up before a busy season
- Owners investing in equipment that raises output
- Built for established businesses (typically ₱6M+ in annual sales), in any industry.
How to apply
How to apply for business loans
One application covers all 6 kinds of financing. You don't need to get the product exactly right: tell us what the money is for, and we'll match you to the best fit.
Step 1: Apply once, online
About 10 minutes
Fill in the form with 1 valid ID and your last 3 months of bank statements. Under “What kind of financing do you need?”, pick business loans, and tell us what the money is for. No account, nothing to print.Step 2: Review and pre-approval
Usually within about 1 hour
A credit officer reviews your application. We aim to give you a pre-approval within about 1 hour, and we may ask to see more about what the money is for.Step 3: Business visit
Within about 2 hours of pre-approval
A credit officer comes to see your business for themselves. We'd rather see it than judge it from paper.Step 4: Your final answer
Usually within 12 hours
We aim to give you a final answer within 12 hours. If it's a yes, the interest rate and all charges are disclosed in full before you sign. If it's a no, we tell you right away.
Times are during business hours. Applications that come in at night start at 8 AM. These are our aims, not guarantees.
Ready to apply for business loans?
Apply in about 10 minutes with 1 valid ID and your last 3 months of bank statements.
What we look at
What we look at for business loans
Every application is reviewed by a credit officer, who looks at the whole business, not just a checklist. What we can offer depends on that review, and we never promise approval.
- Your latest bank statements and how cash moves through the business
- What the money is for, and how it helps the business earn
- Any existing loans, and how you repay them
- Whether the repayments fit your cash flow
- What our credit officer sees at the business visit
FAQ
Business loans questions
Straight answers about business loans and applying with Datung.
What can I use a business loan for?
How much can I borrow, and for how long?
How do I repay?
What documents do I need?
Will I be approved?
What interest rate will I pay?
Ways we can fund you
Other ways to fund your business.
You don't need to pick the right product first. Apply once with the same 3 things, tell us what the money is for, and we'll match you to the best fit.
- Confirmed orders
Purchase order (PO) financing
Funds to buy the goods for a confirmed customer order, so you can say yes to the big one.
Best for: Distributors, dealers and importers with orders bigger than their cash on hand.
Learn more about PO financing - Unpaid invoices
Invoice factoring
Get cash for invoices you've already issued, instead of waiting for your customers to pay.
Best for: Suppliers whose customers pay in 30, 60 or 90 days.
Learn more about invoice factoring - Post-dated checks
Check rediscounting
Turn your customers' post-dated checks into cash now, instead of waiting for them to clear.
Best for: Wholesalers and distributors holding their customers' PDCs.
Learn more about check rediscounting - Draw, repay, repeat
Revolving credit lines
An approved limit you can draw from, repay and draw again whenever the business needs it.
Best for: Suppliers who restock every month to keep their customers supplied.
Learn more about revolving credit lines - For a higher line
Collateral-based financing
Pledge an asset you own as collateral, which can support a higher credit line.
Best for: Owners ready for a bigger move who have assets to put up.
Learn more about collateral-based financing
All 6 start from the same single application.
For some, we may ask to see the checks, purchase order, invoices or collateral papers during review. What we can offer depends on our review of your business.