Ways to Finance your Business Expansion

Expanding a business is always a challenge even for the most passionate entrepreneur. While one can have boundless commitment to the business, financial capital may be short to start the expansion. Sometimes, limited financing also prevents entrepreneurs from hiring much-needed staff to ramp up production or pave way for upgrades demanded by customers or clients.

However, entrepreneurs with their mindset focused on growth are not afraid of financing challenges. One such entrepreneur is a young lady named Celine who was fresh out of college and had a dream of putting up her own pastry business. With nothing but her dream and a capital of Php 1,000, she mustered enough courage to start her journey as an entrepreneur. After buying the materials needed from a local supplier, she went back to her small home kitchen to work on her baked creations.

After fourteen months of patience and hardwork, her pastries are now being sold in several malls and bazaars across the city.  With her daily sales ranging from Php 2,500 to Php 8,000, orders for her products are definitely getting larger by the day.

How did she do it? How did this young entrepreneur expand her business from her small kitchen to upscale malls and restaurants in just a little over a year of doing business? What did she do to convert her passion for baking and Php 1,000 capital to produce a three or four-fold profit?

After meeting with a purchaser from a high-end restaurant, she dealt with the challenge of making more pastries than what she was accustomed to.  During the early months of the business, it was really a one-person job. Celine did all the work – from buying the materials, to baking the pastries, up to the marketing and distribution of her products. When her pastries became a big hit, she knew she had to expand her production and her business, as a whole.

With her parent’s financial support, she was able to buy more materials and ingredients needed for her pastry business. However, this was not enough to expand her business to the scale she deemed fit.

In one of her delivery runs, she saw a pawnshop and money remittance shop that had a sign saying, “Lucky Loans.”  The staff of the pawnshop explained the basics of making a loan amounting from Php 20,000 to as high as Php 150,000. Armed with this information, she excitedly prepared all the requirements to make a loan for her much-needed expansion capital.

The money she got from loan allowed her to hire more staff and upgrade her products’ packaging. She was also able to buy more ingredients, making the increase in her production volume possible.

Finally, Celine was able to meet the delivery quotas requested by the high-end restaurant. Satisfied customers and their reviews of her products made Celine’s pastries popular. Not too long after, she was making deliveries in other restaurants who needed delicious pastries as desserts.  With her “Lucky Loans,” Celine was able to elevate her business beyond what she had earlier dreamed of.

To learn more about financing to expand your business, click on www.cebuanalhuliier.com for more information.

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Money Remittance Tips for OFWs

As an OFW, a modern hero of the Filipino society, you are entitled to honor your family by providing all of their needs and wants. You sacrifice homesickness for the sake of giving them a better life, even risking your own health at times, just to work countless hours for extra pay. In spite of all these hardships, your fatigue is dissolved and your energy is rejuvenated every time you hear their cheerful thanks, due to your recent money remittances towards the Philippines. Money transactions may look simple and totally risk-free. However, you must also be aware that there are people who do not have your best interest at heart. In this case, you must always be careful and knowledgeable when it comes to money remittances. Here are just a few factors to consider when sending money to your loved ones in the Philippines:

1. Avoid sending money through postal service.

Never go for a very outdated procedure, just to save on service fees. Depending on the remittance agent, the fee may range from two to three digits. Nonetheless, some would prefer to send their financials via post or snail mail in order to save. It is unsafe and should be avoided at all cost, not to mention, takes a much longer time to reach your loved ones.

2. Put into consideration the foreign exchange rates before every transaction.

Always remember that the amount you’re sending would equal to a much bigger amount when it reaches the local remittance outlets, however, you must also time your transactions, in terms of following the foreign exchange values. A dollar that amounts to 49 Pesos today may be equal to 45 Pesos tomorrow. Study the ever-changing patterns to ensure that your loved ones back in the Philippines would receive a much bigger value.

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3. Use technology at your advantage.

You may now transfer money using just your smartphone (of course, you got to have a wi-fi or data connection). There are certain apps that allow you send money with just a few clicks. Avoid long lines and send the amount on time.

4. Choose a well-known remittance center.

Some remittance center offers a low service charge for the transaction, but holds the risk of a non-secured transaction. It is much better to deal with a reputable agent to avoid any hassles or possible scam in the long run. Your loved ones would be waiting for your money transfers, ensure that they would receive it and not some unknown stranger.

Speaking of well-known remittance centers, you are ready to send your hard-earned money to your family back at home; however, you are still undecided as to which remitting center you should transact with. Well no need to look any further, with Cebuana Lhuillier’s Pera Padala Service, you are ensured an easy, quick, and safe way to send and receive money. With more than 2,200 branches nationwide and accredited international partners, this money transfer service is made available to clients within and outside the Philippines. Transactions are real time, which enables clients to claim the money as soon as the sender completes the sending process in the branch. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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Ever Wondered How Pawnshops Determine the Value of Items? Here’s How

You are well versed in pawning off your preloved items and gadgets. You have done it on multiple occasions and are urging to do it again, just to gain a little extra in your savings. One question crosses your mind, how do pawnshops determine the value of the items I pawn off? Surely, it isn’t just the size and weight of the jewelry; of course it’s much more complicated than that. Before you even spend a minute or so researching online regarding this, allow us to enumerate a few important factors that would answer your question. Some of them may even surprise you:

1. Experience

Believe it or not, pawning is a type of profession that you can master by fully immersing yourself in the deal. Pawnbrokers must be knowledgeable about prices in order to be good at their job, and experience is a huge part of this process. They must know the current values of products that are regularly brought into the shop, such as jewelry, gadgets, and even musical instruments. Knowing all of this, they can determine how much they’ll be able to pay you in return for the item being surrendered.

2. Expert Opinions

Another interesting thing to know is that there is more than one type of pawnbroker. Yes, you’ve read that right. Those that can be found in the usual pawnshops specialize in determining the price of gadgets, jewelries, etc. On the other hand, there are those who can distinguish the price of other vintage items, like cars, paintings and firearms. Not all shops can specialize in these items, so sometimes pawnbrokers will reach out to those that do. Think of it as a network of pawnbrokers, sharing their thoughts and knowledge on various categories of items.

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3. Online Resources

Technology really has its perks. When you’re not familiar with a certain term, you immediately search it on the internet, curious to find out its meaning. The same goes for pawnbrokers, who (at certain times) use online resources such as Craigslist, eBay and even Amazon to help find information on the market of the item. This is common with rare books, stamps, and prints. By doing an advanced search on one of these sites and looking at multiple pages of results, pawnshops can easily get the information they need to properly price an item. Think of it as their extra measure in ensuring that you get a fair price on the item that you’d pawn.

4. Sentimental Value

This isn’t limited to your typical story of – “My grandmother gave it to me, hence, it has a significant value.” This would refer to items which have a particular add-on that made them stand out from the ordinary. For example, an old novel would sell with a decent price as long as it’s still in mint condition, and definitely still readable. On the other hand, if it was signed by its famous author, the price would be higher than the usual, even surpassing its original store price, depending on its rareness and present condition.

With all of that being said, you may be looking for a pawn shop that would provide you with the most honest and highest appraisal possible. No worries, as Cebuana Lhuillier has got your back. With their Pawning Service you can never go short in any amount, as they accept an array of items, from jewelry to gadgets, as collaterals. They also lead the pawning industry by offering safety and the highest appraisal rate in the industry in its more than 2,200 branches nationwide. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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7 Ways to Reduce Your Car Insurance Cost

So you finally get a chance to purchase your own ride. After countless months or years of saving up, you now have your own sleek car, complete with a flashy paint job and a classy interior. It’s all well and good, until you realize that the road isn’t always a safe place. You decide to avail of insurance for your car, just in case, but are surprised to find out that the very first establishment that you had gone to sells their car insurance at a steep price, so what do you do? Worry no more, as we had enumerated a few ways for you to lower your car insurance cost:

1. Visit more than one insurance outlet.

The thing about being a consumer is that you have the free will to choose whichever product or service that you would like to avail. This is of course not limited to car insurances. Take time to “canvass,” ask and shop around through various establishments. You would be surprised to find that others are willing to offer their insurance packages for a much lower price. As a consumer, never be afraid to ask for the cost, it’s your money on the line, after all.

2. Pre-purchase factor: A car’s price also affects insurance cost.

You’ve read that right. Car insurance premiums are based in part on the car’s price, the cost to repair it, its overall safety record and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of injuries or theft.

3. Never be too shy to ask for higher deductibles.

Deductibles are basically what you pay before your insurance policy comes into effect. By requesting higher deductibles, you can lower your insurance costs significantly. This is much like a domino effect, for example, increasing your deductible could reduce your collision and comprehensive coverage cost by a few percentages, enough to save you a noticeable amount. It’s important to note though that before you choose a higher deductible, be sure you have enough money set aside to pay if you have a claim.

4. Consider deducting coverage on an older model.

In this case, you may try dropping collision or comprehensive coverages on older cars. If your car is worth less than 10 times the premium, purchasing the coverage may not be cost effective. Make sure to coordinate with your auto dealers and banks so they may let you know of the car’s worth and the other underlying amounts.

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5. Buy your homeowners and auto coverage from the same insurer.

Think of this as a package deal. Buying multiple coverages from the same insurer may bring about discounts on your purchase, as with the case of all bulk orders. Aside from this, it would also be much easier to process the coverages, owing to the fact that you had already provided the requirements, all in one go, compared to having to submit the same requirements twice when coordinating with two different insurers.

6. Maintain a good credit record.

Believe it or not, your credit history can also affect your insurance costs. Some insurers use credit information to price auto insurance policies. Recent studies had indicated that people who effectively manage their credit have fewer claims. You may ask, how may I best maintain a good credit record? Simple, you just have to pay your bills on time, avoid obtaining more credit than you need, and keeping your credit balances as low as possible.

7. Try out for low mileage discounts.

If you’re only going through a short travel every day, then why not apply for this type of discount? Basically, some companies offer discounts to motorists who drive a lower than average number of miles per year. Low mileage discounts can also apply to drivers who car pool to work. This is most appropriate for those who drive just a few blocks towards work every day.

With all of these in mind, you are definitely ready to avail of your very own car insurance; however, you’re not sure where to purchase one. At Cebuana Lhuillier, we offer the AutoCARE Insurance, a Standard Comprehensive Car Insurance that covers Own Damage (OD), Theft, Loss and/or Damage. Excess Bodily Injury (EBI), Excess Property Damage (EPD), and Acts of God/Nature (AOG/AON). So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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5 Tips on How a Personal Loan Can Help Maternity Fees

Being a mom is tough. You’d have to take care of your kids, balance work and family, still have time to do the house chores in the weekend, take your toddlers out for a walk in your days off, etc. It’s definitely a handful and a tiring ordeal, but moms wouldn’t admit to that since they love what they’re doing. In such case, these tasks and obligations wouldn’t even begin until the baby has come out from their womb. Moms need to prepare for this, so they take a few months leave from work, just to condition themselves for child birth. This is what you would call a maternity leave. In relation to this, some moms would actually apply for and use their personal loan during this period. You may ask, how would a personal loan be of any help to them? Simply put, here are the ways:

1. During the months/weeks leading up to child birth.

The maternity fees aren’t limited to the day of the child birth itself. These fees would come in as early as few months or weeks before the said day, as moms would definitely need to go for checkups in order to check on the baby inside the womb. Basic things such as determining the gender of the baby and the expected level of safety when giving birth are to be answered as early as possible, as part of the whole preparation period.

2. During the day of child birth.

Alas, the maternity fees would just keep on coming. In such case, the approved personal loan would be of great help to pay off the hospital expenses, as even the act of giving birth would generate a huge bill, given the current economic situation.

3. Follow up checkups after child birth.

This isn’t really necessary, at least not for a certain amount of time after child birth. However, if the doctor would instruct for an early checkup period, then you may have to put aside budget for the doctor’s fee. Again, this would be a type of expense, made easier to pay off with the help of a personal loan.

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4. Baby products

Maternity fees are not limited to hospital bills and checkup receipts. You may want to consider setting aside a few amount for toddler toys, baby dresses, chew toys, etc. Of course, don’t spoil your little angel too much; just get those which are definitely needed for your baby’s growth and well-being.

5. Add-on savings, with maternity leave pay.

If there are a few extras left from your personal loan, you may add that later on to your maternity leave pay, so that you may set aside a few amounts for other unforeseen expenses and maternity fees.

After reading through our tips, you would definitely want to choose a loaning service that would best be applicable to your needs, without all of the hassles. Look no further than Cebuana Lhuillier’s Happy Loan, a multi-purpose loan amounting to Php 5,000 to Php 15,000 offered to any individual who is employed, self-employed, student, or a remittance beneficiary. Our network of more than 2,200 branches and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time.

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CLSC marks 10th year with Xpress Money

The Philippine’s largest microfinancial institution,
Cebuana Lhuillier, through its international remittance arm, Cebuana Lhuillier Services Corporation (CLSC), hallmarks its decade-long partnership with Xpress Money, one of the most dependable money transfer brands in the world. Serving clients who are mostly overseas Filipino workers (OFW) based in the EMEA region, the two
companies have been partners in the remittance business since 2007.

To commemorate the milestone, the senior management of Xpress Money met with the Cebuana Lhuillier team during a business trip in the Philippines and discussed expanded partnership opportunities.

5 Ways to Grow Your Emergency Fund

It is always a good thing to prepare for unforeseen circumstances. Expect the unexpected, they say, and you should definitely do that, especially as we live in a country commonly visited by storms and typhoons, which is only fitting that you should have a few amounts ready for the inevitable. In such case, you may want to set aside more than the usual amount, perhaps because you predict that the upcoming storms are larger than those which already came before. Or you predict that it may cause more damage, cause more people to be injured, and may even result in a diminished supply of food and water. The scary possibilities are endless at this point. You wouldn’t have to worry though, as we prepared 5 ways that would enable you to grow your emergency fund:

1. Determine how much fund you’ll need.

Set a specific goal. How much are you willing to save for a full-pledged emergency fund? Yes, it’s only natural for your goal to be based off income and expenses; however, always remember that a general rule of thumb is to save enough to cover four to seven months’ worth of expenses. You never long how long you’ll need to stretch on during the typhoon or hurricane, and having a lack of funds would make it difficult to survive during those trying times.

2. Keep your fund in a well-secured place.

It should be easily accessible, but not so easily accessible that you’ll be tempted to make withdrawals for everyday spending. Online banks are good locations for your emergency savings account because you can’t just walk into the bank and withdraw your cash. Consider keeping emergency funds in a combination of locations, including an online savings account, money market account and short-term CDs.

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3. Treat it like a bill.

Since you’re paying monthly for water and electricity, why not consider your savings as a monthly routine as well. Establish and implement a monthly goal and make it part of your budget. Set up an automatic monthly transfer, just as you would with the electric bill or cable TV subscription, to ensure the money is saved each month.

4. Use it ONLY for emergencies.

We cannot emphasize enough the importance of self-control. Yes, it’s tempting to buy that new cellphone or flat screen TV, but think about it, even for a second, these things would be deemed useless once the power runs out due to an electric post getting thrown down by a hurricane, leaving you in a scramble to survive. Supplies and sanitary products would be more valuable at this point, and you wouldn’t want to be left in the dark with a low bat expensive phone and powerless flat.

5.Make it very realistic and natural.

Set your expectations at a realistic level. Don’t be afraid to start with a small amount of savings each month, but try to increase it whenever possible. Open a savings account and start building your emergency fund. Save whatever you can and you’ll be surprised at how much you had already saved in a month’s time.

When it comes to emergencies, you can never be too sure, so you must always be prepared. Property damage is a heavy burden to carry, but much heavier is it to carry injuries and its related expenses. As an employee, you would also be absent from work due to the injuries, hence your need to recover while missing many paid days of work. Worry no more, as here at Cebuana Lhuillier, we offer the EmployeeCARE, a Group Personal Accident Insurance specially designed for employees. It covers Accidental Death, Disablement & Dismemberment (ADD&D), Accidental Medical Cash Aid, Burial Benefit (Accident/Sickness), Unprovoked Murder & Assault (UMA), Motorcycling and Personal Liability. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now to inquire – we assure a fast, easy and secure transaction.

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10 Ways on How Microinsurance Can Help SMEs

There are many ways to protect your business, whether you’re a small-time startup or a big time enterprise. The ever-changing economic growth brings countless possibilities and effects towards businesses nowadays that even owners and analysts are lost within the confusing numbers of profit and gain, in short, they are not able to predict whether their ventures would be going in the right path or otherwise, bringing in more risks than ever. With this in mind, it is only appropriate that you avail microinsurance for your own livelihood, in order to add that extra layer of protection to your investments. You may ask then, how can microinsurance help my SME venture in the long run? No worries, here are a few examples.

1. Microinsurance is a lot more affordable than any other types of insurance.

In spite of the fact that this would still depend on your skill to shop for a better deal and coverage, microinsurance is known to have lower cost than most insurances. This may be due to it being mainly offered to Small and Medium-sized Enterprises or Small and Medium-sized Businesses whose personnel numbers fall below certain limits.

2. Microinsurance provides alternatives for small-time and struggling businesses.

With the help of microinsurance, the poor can use their stocks and not the high valued collateral or land titles that they normally need to acquire money for their business. Gone are the days in which they’d have to sell their own land in order to gain capital for their ventures, or make up for its loss of profit.

3. Flexible use of money and investments.

Health is wealth, as they say, and the smaller the business is, the harder one should work in order to maintain and grow their income. However, if one were to fall ill due to fatigue and other factors, microinsurance would ensure that they can be provided with money for health, meaning the money meant for investment will not be channeled out for treatment and medication.

4. Venture into agricultural business.

Agriculture may be considered a risky business. However, other developing countries had developed what they call the weather index, a microinsurance variation purposely meant for farmers. With this variation, farmers can borrow money for either directly investing into their farms or any other initiative and settle the loan when their produce makes profits.

5. Microinsurance tackles property damages.

If your business involves a pretty little stall or an impressive four-corner spot, then chances are you may want to have it protected from uncontrollable forces of nature such as storms. Luckily, microinsurance includes property damages to their coverage, meaning that whatever destruction your business spot undergoes, you wouldn’t have to worry much about the repair expenses, as it is definitely part of the coverage.

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6. Business microinsurance involves protection from burglary.

We commonly hear of news regarding crooks and thieves raiding small time businesses in order to get an easy score. Yes, it is a horrifying perspective into the safety of business men and their ventures, but one should not be too scared, for business microinsurance includes coverage against burglary and theft.

7. Some business microinsurance includes AMR (Accident Medical Reimbursement) coverage.

Commonly referred to as ‘AMR’, the Accident Medical Reimbursement is a way of ensuring that the financial impact of an accident is limited and the injured person can recover safe in the knowledge that his medical expenses are being taken care of. In such case, you would never have to worry about accidents happening during business hours, as this is included in your microinsurance coverage.

8. Microinsurance also covers accidental death.

Knock on wood, but if such were to occur within your business, microinsurance would ease up the expenses (especially as you’re running an SME) as this is definitely part of the premium/coverage. This is one part of the deal which no business owner would ever want to experience, whatsoever, but at least, it orients everyone about the possible risks expected in the job (depending on the type of business).

9. Dismemberment/ Permanent Disablement

As with accidental death, this is another type of situation that no business owner or employee would ever want to experience. In spite of that, this microinsurance feature must be set into place, to ensure that your employees would never have to fear about the insurmountable expense that goes with a high-risk job and probable cause of accident.

10. Business microinsurance features payroll coverage.

Basically, the usual process is: An employee authorizes his or her employer to deduct insurance premiums from his or her paycheck. The employer then sends the amount deducted on to the insurer periodically. As with the other work benefits, this would ensure that your employees would experience the fruit of their labor.

With all of that being said, you’re probably wondering where to find a microinsurance that consolidates all of the mentioned features. No need to look further, as with Cebuana Lhuiller’s NegosyoCARE, you are surely in the right hands. Identified as a Personal and Property Insurance specifically designed for clients with micro, small, and/or medium enterprises or businesses, it covers property insurance, burglary and robbery, accidental death, permanent disablement and dismemberment, accident medical remibursement (AMR), and money, securities, and payroll coverage. With all of that, you are greatly secured in your venture.

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Lhuillier eyes 2020 Tokyo Olympics for RP Blu Girls

Buoyed up by the encouraging performance of RP Blu Girls in this year’s World Cup of Softball XIIand Canada CupInternational Softball Championship, Amateur Softball Association of the Philippines (ASAPHIL) president and Philippine sports patron Jean Henri Lhuillier expressed confidence on the team’s chances in the Asian Softball Championships to be held in Taiwan from November 28 to December 4, 2017.

 

“This tournament will help us gaugethe team’s readiness to qualify in the 2020 Tokyo Olympics. We have beaten Asia’s number 3 Chinese Taipei in the recent World Cup so I’m confident we couldfinish in the top 3. The girls are really training hard for this and I’ve always believed that we have what it takes to excel globally in softball,”Lhuillier said.

 

The RP Blu Girls created a stir in the World Cup and Canada Cup held early this year by twice upsetting world no. 3 Canada in front of the home crowd, stunning world no. 4 Australia, beating 9th ranked Chinese-Taipei, and twice defeating 10th ranked Mexico.

 

The team, beefed up with Filipinos based abroad, and with improved play by the homegrown players, will be using the Asian Championships as part of their preparations towards the goal of making the 2020 Tokyo Olympics. The upcoming Asian Championships serves as a qualifying tournament for the 2018 Asian Games and World Championships.

 

The RP Blu Girls are targeting to play in three Olympic qualifying tournaments in 2018 and 2019, namelythe World Championships, Asia-Oceania tournament, and the World Open tournament.

 

Meanwhile, Lhuillier also bared activities being implemented in the grassroots level to makeASAPHIL a world-class softball association.

 

“We have conducted several coaching seminars, distributed International Softball Federation rule books, and produced softball 101 videos.We will also organizeBatangPinoy tournaments in Visayas and Mindanao by yearend. All thesewill help popularize the sport and discover fresh talents every year. We are eyeing beyond the 2020 Olympics. We want our softball team to be in every Olympics from hereon,” added Lhuillier.

 

Top Reasons Why Your Business Loans are Rejected and What You Can Do about It?

You’re an aspiring businessman/ businesswoman, on your way to turning your dream venture into reality. You have the knowledge and skills to make your dream business run. However, you do not have the needed capital. You suddenly realize that you may just simply apply for a business loan in order to get that needed amount. After submitting all of the requirements, you wait for a certain amount of time, only to receive a call one day from the loaning company telling you that your application was rejected. You ask yourself, what went wrong? Various factors may have affected the process along the way. In such case; here are the possible reasons as to why your business loan was rejected and the equivalent solutions to each of them:

1. Poor Credit History

This is always the primary suspect when it comes to the rejection of loan applications, whether for business or for personal use. A lender will immediately go straight to your credit history, like a parent going straight to their child’s report card, hoping to see whether they had received a good grade or not. A good credit score shows that a business owner has a solid handle on their personal and business credit, which is what every lender likes to see. On the other hand, a poor credit score would deflate any chance or confidence that a lender would have on you. Take note of this for future loan applications, as this is definitely vital.

Solution: Improve on your credit history by paying your past debts on time. Build up your reputation and always remember that you are doing this for a good cause, and that is to acquire funds for your business.

2. Cash-Flow Issues

A cash flow is basically the health of your start up business. Think of it as the air going in and out of your lungs, the same way that money goes in and out of your business. As with both examples, there must be a balanced flow, there shouldn’t be an overflow of outgoing cash, and neither should there be an occurrence of vice versa. If you want to apply for an additional fund for your small-time business, consider managing it well enough first, so that it may exhibit that well-balanced flow of transactions and money. If a lender were to see the continuous flow of income and the minor flow of business expenses, they would definitely keep you on the radar for a loan approval.

Solution: Make sure to manage your business accordingly, with no obstacle on the flow of cash. Do not overspend your resources to reduce the company expenses, while at the same time, secure every cent of your income, so that none would be wasted and misused along the way.

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3. Limited Collateral

Collateral is basically something that you have to present to a lender, a clause that would ensure that they would get something from you in the offset that you fail to pay them back. Collateral will also be required if the company has defaulted on a previous loan. Companies with a limited amount of collateral will face challenges when trying to secure bank loans. Business owners should consult with their lenders to find out which types of assets or property can be used as collateral. You might ask, what makes up collateral? What are the types of collateral that you may present to a lender? This might include cars, trucks, real estate, business equipment, and investments. If the business loan is not repaid, the bank can acquire the collateral and sell it.

Solution: Coordinate and negotiate further with the lender if they want more than one type of collateral. Proper coordination would ensure that there would be a win-win situation if ever they were to approve your application for a loan. Be realistic in your offers and you may just land the deal in no time.

Get a jumpstart on your business venture with a trusted name that offers only the best service possible. Cebuana Lhuillier’s Lucky Loan is definitely your top choice. It is a multi-purpose loan offered to registered entities such as tricycle operators, credit cooperatives and other groups, as well as SMEs such as restaurant and mini groceries, among other businesses. Our network of more than 2,200 branches and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)