About this document
Starting a Lending Business in the Philippines by Prince Paul Mazo Fajutnao is a document available to read on EtoBox.
To start a lending business in the Philippines, one must establish a corporation and obtain a Certificate of Authority from the Securities and Exchange Commission. A lending company provides loans from its own capital or from funds sourced from no more than 19 individuals. It must have a minimum paid-in capital of PHP 1 million and include words like "Lending Company" in its name. Lending companies are regulated by the SEC and use at least 51% of their funds for direct lending.
- Author
- Prince Paul Mazo Fajutnao
- Language
- EN