QCRB Equity Credit Line

The micro, small and medium enterprises, which make up the biggest percent of businesses operating in the region, show huge potential in terms of employment and support to the economy. Thus, Quezon Capital Rural Bank though its Marketing and Business Development Division has set sight on the small and medium enterprises (SME), realizing the importance of this sector in the business landscape, and hoping to curve its own niche in the market. The bank has launched the SME Initiative called KA-ASENSO LOANS which is focused on advancing the growth of SMEs in the region using business loans that address the specific needs.
QCRB’s EQUITY CREDIT LINE is primarily designed for small and medium businesses. This product advantages the client to save on time and interest charged by the bank. It is a pre-approved stand-by credit where clients just draw and issue checks within the approved limit without the hassles of going back to the bank to sign documents everytime the need for funds arises. The Equity Credit Line (ECL) is a 2-year term loan secured by a real state mortgage (REM) which will commence upon the release of the special checkbook specifically issued for the purpose.