Esquire Financing Inc.

Company Information

Esquire Financing Inc. is a company that is regulated by the Bangko Sentral ng Pilipinas (BSP) with SEC Registration No. CS201102284 and Certificate of Authority to Operate No. 1027. They started operations in the Philippines in the year 2011 and was founded by Rajan Uttamchandani. From that point on, Esquire has become one of the most trusted non-bank SME financing companies in the country. 

The advocacy of Esquire Financing is to be able to provide an opportunity for entrepreneurs to take their businesses to the next level with access to financing and good advisory services for them to achieve their goals and, consequently, the full potential of their business. 

The headquarters of Esquire Financing is addressed at 31st Floor Penthouse High Street South Corporate Plaza Tower 1, 26th Street, Bonifacio Global City, Taguig City. For inquiries and other concerns, they can be contacted at the following:

• Email: [email protected]
• Website: https://www.esquire.com.ph/
• Phone Numbers:
  • +63 2 8811 8888 (Manila)
  • +63 32 2254 8204 (Cebu)
  • +63 82 221 0082 (Davao)

Types of Products and Services Offered

Esquire Financing’s client base is focused on business. At the moment, they only have a single loan product for companies, and that is the Business Loan that offers competitive rates, flexible loan terms, and high non-collateral loan amounts. 

Business Loans

Businesses require financing for a variety of reasons. However, it is always to address a business need, reach new goals, or expand most of the time. With EFI providing financing products to businesses – small, medium, or large companies – they are helping them make their businesses reach new heights. 

A business loan with EFI may be taken out for 3 different purposes:

Bridge Financing

There are times when a company’s cash flow faces a halt or some considerable delays. The problem is that businesses operate better when they are liquid enough to keep their operations going. So when the receivables are delayed and collections take longer, EFI will offer financing to bridge that need for cash flow.

Additional Working Capital

More working capital means that businesses will have more bandwidth to run their day-to-day operations. This also means that with additional capital, they can focus their productive time to help the business grow. 

Business Expansion

The main reason why businesses expand is to be able to increase their profitability. The issue with expansions is that they do not come cheap. They require additional capital – a fact that is mainly addressed through financing.

Loan Amount: Php100,000 to Php10,000,000

Loan Term: 180 days to 365 days

APR: the interest rate is subject to the approval of the credit committee. The rate may depend on the loan amount and the loan term you have applied for.

Eligibility

To be eligible for a business loan with Esquire, the applicant must meet the following qualifications first:

• Your business should have been operational for a minimum of one (1) year
• You should have a checking account (CA) that has been active for at least six (6) months

Requirements

Compulsory Requirements

• Duly filled-out and signed Application Form (Version – LAP.10.2017)
• TIN ID and any other government-issued ID proof of the Principal Borrower
• Latest three (3) months Bank Statement and Bank Certification
• Photocopy of valid Barangay Business Clearance
• Photocopy of valid Mayor’s Permit
• 2″ x 2″ ID picture of the Principal Borrower
• Picture of the Business
  • 1 Picture of Exterior – Picture of business premise from outside with sign board and its surroundings
  • 1 Picture of Interior – Picture of business inventory
• Proof of billing (not older than 2 months) for Business and Residence (e.g. electricity/water/cable etc.)
• Sketch/map of Business and Residence location with nearest landmark

Additional Requirements

Submit a photocopy of the following:

• For Sole Proprietors: DTI Certificate of Business Name Registration (original; and renewal, if any)
• For Partnerships:
  • Business TIN ID proof (BIR Certificate of Registration)
  • SEC Certificate of Incorporation/Registration
  • Latest Articles of Partnership & By-Laws
  • Partners’ Resolution (EFI prescribed format: Version- PR.10.2017)
• For Corporations:
  • Business TIN ID proof (BIR Certificate of Registration)
  • SEC Certificate of Incorporation/Registration
  • Latest Articles of Partnership & By-Laws
  • Latest General Information Sheet (GIS)
  • Secretary’s Certificate (EFI prescribed format: Version- SC.10.2017)

Why Choose Esquire

Esquire Financing Inc. offers a chance for businesses to grow and expand . The funds they give can take care of day-to-day financing challenges, so the company can focus on more important matters. 

Here are the many reasons why business owners should choose EFI:

They are committed to empowering businesses

When businesses have access to many opportunities – including financing – they can focus their energy on making their businesses grow and expand. When businesses are empowered, they can better serve their communities and those living in them. But, most importantly, when businesses can thrive in unpredictable economies, they create job opportunities. And this is why EFI’s commitment to helping companies create a ripple effect of opportunities across communities. 

The process of loan approval is fast. 

EFI effectively promises to process loan applications within 7 business days from the time of their receipt of the loan applications. This is however dependent on the completeness of the documents that are submitted. Therefore, loan applicants are advised to make sure that all the information provided is accurate and that all the documents submitted are complete. 

Require Minimal Documentation

Unlike other financing companies, EFI acknowledges that businesses should not have difficulty accessing financing to address their business needs. When the requirements are simple, businesses will not have to think twice about getting help for their business. In addition, simple documentations help businesses develop the requirements fast, so they do not waste their time gathering what they need to move forward with their business plans. 

Convenient Loan Applications

Some business owners do not necessarily have the time to wait in line to process their business loan application seeing that they have a business to run and people who depend on them. EFI offers a convenient way to apply for a loan through an online loan application. The first step only requires the loan applicant to provide basic information about the principal loan applicant and their business. 

Assists in businesses in meeting short and long term obligations

With the success stories that EFI’s customers have shared, most of them have happily reported that EFI has helped them address their business needs – whether it was only for the short term or longer-term period. 

EFI has made a lot of businesses achieve their business goals. Whether it was for taking care of their day-to-day needs or expanding their current operations, EFI has made it possible for businesses to reach even greater heights. 

It does not require a collateral

Not many business loans forgo collateral to process loan applications. But with EFI, they do not require collateral to process business loan applications. The reason why more and more businesses apply for a loan with EFI is this. They make the application process simplified. Without the complication of collateral, the business loan becomes more accessible. 

How To Sign Up

There are two ways for business owners to sign up for a business loan: online or through the branch. Any method will depend on what is most convenient for business owners. Some prefer the convenience of online loan applications, especially if they are not afforded the time to leave their businesses, while others prefer a face-to-face transaction.

Online Application

Face to Face Application

If you wish to take on a more traditional approach in submitting your loan application, you may apply in any of the offices or accredited sales affiliates and partners nationwide. In order to locate the nearest branch. They have field offices in Sta. Ana & Biñan, and branches in Cebu and Davao. 

Here are the contact details of their field offices and branches:

Branches:

• Davao – (08) 2221 0082
• Cebu – (03) 2254 8204

Field Offices:

• Sta. Ana – (02) 8242 7672 / (02) 8585 2539
• Biñan – (02) 8404 2166
  

Conclusion

EFI is a financing company that opens a door of opportunities for businesses in order for them to reach the full potential of their businesses by a business loan that aids them in achieving their business goals. 

For many Filipino businesses, most of them are small and medium size. EFI offering a business loan is an opportunity for these small and medium size businesses to become big businesses.