To get a revolving credit line, your business should meet the following criteria:
- The business must be registered with BIR and DTI (if sole proprietorship) or SEC (if partnerships or corporation)
- The business must be registered in one of the following regions: NCR, Central Luzon, CALABARZON, Central Visayas, Northern Mindanao, or Davao Region
- The business must have an annual revenue of at least P5M
- Applicant must not be looking for a personal loan from First Circle
- Business age should be at least 1 year for business-to-consumer types of businesses
- Businesses that are NOT serviceable are:
- General Construction
- Travel-related
- Events planning
- Real estate
- Financing / Investment companies
- Gambling
- Gaming
- Tourism and events
- Multilevel Marketing