2018 • Page 7 of 9 • Cebuana Lhuillier Pawnshop

4 Surefire Ways to Get Your Small Business Loan Approved

Starting a business in the Philippines is never easy. You may have the knowledge and the skills, but as with all things, there will always be a first time. You may even need to re-consider your own funds, your own capital, just to start up your dream venture. In such case, you need to approach a bank or an institution that would be able to lend you the right amount to start your small business. You may be unsure of the dos and don’ts, but definitely want your application to be approved on your very first attempt. No worries, as we’ve listed down four (4) surefire ways to get your small business loan approved.

1. Consider all your options.

It is always a must to understand the different types of small business loans available. Yes, you’ve read that right. There are actually different types to choose from, and it would be in your best interest to decide on one which would greatly work for you. You have the small business line of credit, the accounts receivable financing, the working capital loans, the small business term loans, the SBA small business loans, the equipment loans, and the small business credit cards. Knowing them would provide you with a general idea of how to best prepare the required documents, thus, pushing you closer to a well-needed approval. Each has their own underlying policies and regulations, so feel free to discuss them with your bank or lending institution.

2. Take note of your own credit history (then fix everything).

Your reputation will always precede you, which means that the lenders are going to do their own research during the duration of the loan application. Regardless of business size, if you have a negative record on your past credits, they may hesitate to approve your needed amount. Make sure to settle everything before submitting your papers to avoid such obstacles along the way. They would usually review your credit score/credit report, assets in the business, investors in the company, and financial statements, just to name a few.

3. Prepare the various requirements for your small business loan application.

Always remember that it’s important to be prepared and organized. Just like any other school examinations, doing your homework and reviewing your papers (in this case, your business documents) will give off an impression that you are very serious about the whole deal, and that is a big indicator for lenders to entrust you with their money.

4. Be clear about the amount that you want to borrow.

A small business would not require a big income, depending on the type of service and product that you would like to offer. List down all of your possible expenses along the way and let your lenders know that you are knowledgeable about the ins and outs of your chosen venture. Perhaps prepare a few documents showcasing your ideas, so that they may also provide a realistic rundown of the amount, a capital that both you and the lender would be able to agree on.

Get a jumpstart on your business venture with a trusted name that offers only the best service possible. If you’re a residence of Laguna and Southern Metro Manila, then 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 Cebuana Lhuillier 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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Top 10 Causes of Car Accidents in the Philippines

Traffic, traffic, and more traffic. Isn’t it stressful enough to be stuck in traffic for hours, not knowing what time you’ll get to work, or worse, if you’ll even get to work on time. Yes, it’s frustrating at times, which is why some drivers tend to get very decisive and creative on the road, so much so that it poses a definite risk to fellow drivers. You’re probably wondering what these risks are and how to best avoid them when driving. No worries, as we’ve listed 10 of them:

1. Driving while texting

Recent changes to Philippine law resulted to the apprehension of countless offenders in this category, proving two main things: a) We still hold the title for the top “text messengers” in the world and b) We are still as hard-headed as ever. This particular law and implementations have been announced on TV, with traffic enforcers using various CCTVs to check on possible law breakers.

2. Drunk driving

After a night of partying, one should decide to call it a night and commute home (you may even ask friends to help drop you off at home, if necessary). Doing so would ensure that you don’t cause harm to other drivers and pedestrians. On the other hand, if you’re the one witnessing a drunk driver on the road, keep your distance as the swerves and unexpected turns may catch you off guard.

3. Over speeding

If your job usually involves you driving a heavy vehicle such as a truck or bus, it would be best to avoid over speeding. It may cause you to lose your breaks and end up ramming the vehicle in front of you. Always drive within the reasonable limit, just to be safe.

4. Mechanical flaw

Sometimes, it really isn’t your fault, or at least not directly. If your ride isn’t maintained well, your breaks, your tires, and even your engine may give out, causing a very dangerous situation on the road. Have your vehicle regularly checked to maintain its good working condition.

5. Overtaking

If a particular driver were to commit this, he may trigger two things: a) a major accident and b) the ire of his fellow drivers. Everyone seems to be in a hurry nowadays, so much that traffic rules are regularly broken, with this as the common crime. Always remember, being safe is better than being fast.

6. Jaywalking

This is defined as “an act that occurs when a pedestrian walks in or crosses a roadway illegally.” If a jaywalker appears out of nowhere, the incoming vehicle would do its best to avoid hitting the bystander, thus, hitting other cars in the process. Being a responsible pedestrian is as good as being a responsible driver.

7. Turning without signaling

Always make sure to turn your signal lights on when making a turn. This would not only inform other drivers of your next move. It would also give them ample time to adjust their speed and direction, well enough to avoid any mishaps on the road.

8. Backing up inattentively

Be aware of your surroundings and always look at your mirrors as well. The common victims of this mistake are children and domestic animals, those of which would walk across the road or pathway once a car had already passed, not knowing that the said vehicle would back up.

9. Slippery roads

A particular occurrence during rainy season, slippery roads are hazardous to both bystanders and drivers alike. They usually cause the driver to lose control of their vehicle, especially on a very stormy evening when it’s dark and there is almost no traction between the road and the car tires. Maintaining a reasonable speed would help avoid accidents during this particular condition.

10. Reckless driving

It is neither Mother Nature nor mechanical flaw at fault here. It is merely human error, one that is done intentionally. A combination of two or three causes mentioned in this list alone would determine if a person is definitely a reckless driver. One should avoid being one and instead, respect traffic laws. Not only would you save yourself from risk, it would also save you from big expenses in the end. If you happen to encounter one on the road, keep your distance, be cool, and know that such person would be apprehended by the law, sooner or later.

With all of these in mind, you would definitely want to insure your own vehicle, just to avoid the big expenses caused by unforeseen road accidents; 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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6 Worst Mistakes First-time Car Owners Make

We all make mistakes. You’ve probably done a few wrong choices in the past that you wish you hadn’t done. Your choice of career, your choice of words, and your choice of business—they are critical and have lasting effects on your financials. Here are ones you definitely should avoid: mistakes when buying a car, especially if you’re a first-time buyer. Knowing the dos and don’ts would not only help you avoid big expenses. It would also help you save up in the long run:

1. Not doing your homework.

We can’t stress this enough, but skipping the research phase is a big no-no, especially if it’s your first time to buy a car. Yes, experience is a good teacher, but you probably wouldn’t want to learn things the hard way. As with all major purchases, you need to know and look into car makes and models, reviews, pricing, rebates and incentives and negotiating techniques. Doing so would grant you an opportunity to negotiate on a good deal as well.

2. Relying on just one option.

Widen your horizons; seek out better deals, more affordable deals to be exact. As with all purchases, you have the choice to pick one that would work best for you. Do not be convinced to immediately buy in on your first walkthrough. Ask around, look at various car ads, and visit different car dealership showrooms. That way, you’d be able to compare prices and deals.

3. Buying from a salesperson you don’t trust.

Remember your main goal is for you to get the right car at the right price. Similar with the tip above, you also have the option to turn down a salesperson and walk away. If they seem too pushy or not knowledgeable about the car at all, then don’t bother to stay. On the other hand, the following are positive signs:

The salesperson can demonstrate the features of the car and help match a customer to the right car.
The salesperson listens well and answers your questions directly.

4. Not going through a test drive.

Never commit this critical mistake. When you’re buying a cellphone (or any other electronic device or appliances for that matter), you’d definitely want to check and see if it turns on. You have the right to check if it will be your money’s worth. You’re the one who’s going to drive, and you definitely want to make sure that your chosen car would run smooth and safely.

5. Not thinking it through.

You have to be sure about your decision; otherwise, it’ll all be just a big waste of your time and money. If your workplace or school is just a few steps away then there’s no point in availing one, especially if you don’t really have any reason to travel on weekends. If you’re more of a home-person, think about the pros and cons and how often you’d probably be using the car.

6. Not availing car insurance.

(Note: The only insurance required by LTO is third-party liability insurance and not comprehensive car insurance, which is what AutoCare is all about.) Not only would it pay for damages done on your vehicle. It would also cover physical injury and medical bills. Isn’t that amazing?

With all of these in mind, you are definitely ready to avail 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.

Ka-Cebuana senders won PH tickets from Cash Express

Three lucky senders won return tickets to the Philippines care of Cebuana Lhuillier, in partnership with Cash Express. The prize came from a recently conducted promo of Cash Express for Cebuana Lhuillier clients who sent money to their loved ones back in the Philippines from January to April this year. Aside from making Cebuana Lhuillier the preferred pick-up station in the Philippines, the promo aimed to reunite senders to their families back home.

Winners Charilyn Angeles and John Paul Malabanan were awarded with return tickets by Head of Cash Express Benny Dacosta, Assistant Vice President and CLSC General Manager Erlinda Sumanga, Executive Asst. to the Vice President James Robert Afzelius, and Cebuana Lhuillier Services DMCC Head for Middle East Maynard Enrile.

Ka-Cebuanas in the US and Canada show love for GMA Pinoy TV ‘Sikat ka, Kapuso!’ show

Top Kapuso stars entertained Filipinos abroad for GMA Pinoy TV’s back-to-back show “Sikat ka, Kapuso!” last April 7 and 8 at the Newark Symphony Hall in New Jersey, USA and at the Sony Center for the Performing Arts in Toronto, Canada respectively. Event major sponsors Cebuana Lhuillier and international remittance partners Moneygram and WorldRemit graced the event that featured some of the network’s hottest local artists including Pambansang Bae Alden Richards, Primetime King Dingdong Dantes, GMA Drama king Dennis Trillo, Ultimate Star Jennylyn Mercado, Lovi Poe, and actor-comedian Betong Sumaya.

Over 3,000 Ka-Cebuanas from different states flew in to watch the star-studded event and to greet their favorite Kapuso stars in person.

5 Ways to Save Money without Compromising Your Social Life

We all want to have fun. After a hard-day’s work, you’re all set to go out and relax with friends, family members, or workmates. However, you remember that you’re actually trying to save money, and you don’t want to spend it all in one go. You have no choice but to cancel all your plans and spend the whole night and weekend at home. It doesn’t have to be this way, as there are other things that you can do to save money without compromising your social life. Here are just a few of them:

1. Go for bundle options.

If you want to dine out with friends, you may recommend a place that offers bundle options as meals. Some great examples are bucket meals and boxed sets. There are even seasonal discounts for the holidays, a certain tradition for fast food chains in the Philippines. The best thing about this is that you can even split the bill, so you wouldn’t really have to spend too much for just a single meal.

2. Take note of mall shows.

Have you ever wanted to experience a free concert? Follow your favorite local band’s social media pages and be on the lookout for their gigs. Bands or artists promoting their new album usually go on mall tours. You might get lucky enough to see them perform live, if they have a nearby mall in their lineup. You can even invite your friends to enjoy the free concert with you.

3. Always have the group rate in mind.

If you’re planning to go on a vacation with your friends, you can definitely save big with the help of group rates. Whether you’re going to a nearby island or an out-of-town landmark, you’re sure to encounter a few offers along the way. Never limit yourselves with just one travel agency. Time your trip right, and you’ll be offered either a summer or winter “barkada” package.

4. Volunteer to be the organizer.

What’s a more efficient way of saving money in your “barkada” trips? Be the organizer, of course. Plan it out in a way that you get to choose the most affordable alternatives for your treat—the commute, the accommodation, the itinerary, you name it. You can even convince your friends to agree on an “affordable” vacation since you’ll be helping them save up as well. They’ll appreciate it greatly.

5. Plan ahead.

If you’re aware of the usual vacation and hangout routines, then you can obviously set aside a separate budget for them. This is a process in which you need to “save up” in order to “save more.” You’ll never have anything left if you touch all your savings, so segregating one from the other ensures that you at least have your long-term savings intact.

With the proper knowledge of banking terms and conditions, you finally decide to open an account; however, you still haven’t chosen which bank to apply for, as each has their pros and cons. Well, worry no more. If you’re a resident of Bacoor, Cavite, then the Cebuana Lhuillier Rural Bank is your one-stop spot for opening your own savings account. All transactions are real time, erasing all the hassles that you may experience in other establishments. So what are you waiting for? Visit the Cebuana Lhuillier Rural Bank now—we assure a fast, easy and secure transaction.

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5 Misconceptions about Car Insurance in the Philippines

If you’re a car owner, you have a lot to consider when it comes to taking care of your ride. Maintaining its look and overall performance is no joke, with a big chunk of your money going to the mechanic. Filipinos always prefer to cut cost whenever possible, even if it involves our beloved car. This is wrong, in all aspects, as car insurance should never be ignored, especially if you’re a first time car owner. With that in mind, we have listed a few common misconceptions about car insurance in the Philippines (and why they’re false).

1. It is very costly/expensive.

No, it isn’t. First of all, car insurances offer different options; hence, you are not just limited to a single package. You can choose one that fits your budget. Remember, the main reason you’re availing car insurance is to avoid spending a much bigger fee in the event of an accident or other unforeseen occurrences. Spend less now to save big later. Feel free to ask around and discuss your options with various car insurance representatives.

2. I don’t need car insurance.

(Same note as in the other article, only TPL insurance is required and not comprehensive car insurance.) Think of it like wearing a seatbelt—yes, it may be uncomfortable at first, but at the end of the day, it would save your life. Car insurance would save you from a huge amount of expenses in the future.

3. I’m covered if my car gets damaged by natural disasters, stolen, etc.

Simply put, if it isn’t your fault, then you’re covered, right? Well, it depends. Remember when we mentioned that car insurances offer more than one type of packages? If you’re just going to avail the bare minimum insurance coverage required by law and included in the Compulsory Third-Party Liability insurance (CTPL), then you may very well forget about these coverages. The insurance company will only provide up to P100,000 of financial assistance to the third-party victims to release you from liabilities. In such case, you may need to avail a comprehensive car insurance. Yes, it would cost a bit more than the bare minimum, but its coverage includes loss and damages due to fire and explosion, theft, vandalism and other malicious acts by third-party persons, accidental collisions, etc.

4. The color of the car will affect my premium.

No, definitely not. No one knows where this myth came from, but it has no shred of truth in it. In fact, the factors that affect your insurance premium would instead be your vehicle’s year, make and model, your location, your gender and age, your marital status, and your driving record and driving behavior. Be sure to ask the representatives to know how this would further come into play once you have availed a particular coverage.

5. The bare minimum car insurance required by law is good enough for me.

No, you may actually end up paying a lot more after an accident. Think of it this way: it may be cheaper than a Comprehensive Car Insurance, but you would be burdened by paying a big amount if you ever get involved in an accident with property damages. If your car gets damaged, you’ll be paying for your own repairs. If you’re liable for the damages to the other party, you need to pay for those as well. Never make this tough mistake.

So, you finally decided which insurance coverage works best for you, but, you have no idea where to apply for one. Worry no more, as we at Cebuana Lhuillier offer 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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Wish Upon a Gadget Promo

Wish Upon a Gadget Promo Mechanics:

Promo duration: April 1 – June 30, 2018.
Ang promo na ito ay para sa mga international remittance beneficiaries na mag-cclaim ng Pera Padala sa mahigit 2,200 branches ng Cebuana Lhuillier mula sa mga participating international partners abroad.
One (1) valid payout = one (1) e-raffle entry
Mas malaki ang payout, mas malaki ang chances of winning!
Every month ay may masusuwerteng winners ang i-ddraw para manalo ng exciting prizes.
Total of 90 winners ang mananalo sa buong promo duration.
Ang mga empleyado ng P.J. Lhuillier Group of Companies (PJLI), mga affiliated companies at business partner agencies, ad/creatives/PR/media agencies at mga relatives na hanggang second degree of consanguinity or affinity ay hindi maaaring sumali sa promo na ito.
Ang raffle draw ay magaganap sa ICT Office 3/F The Networld Hub 156 Jupiter cor. Comet Sts., Bel-Air, Makati City 109 sa mga sumusunod na schedules:

Number of Winners	Prizes	Cut-off Date	Draw Date
30 winners	Smartphone worth PhP15,000.00	April 30, 2018, 11:59 PM	May 9, 2018, 4:30 PM
30 winners	Tablet worth PhP 20,000.00	May 31, 2018 11:59 PM	June 8, 2018, 4:30 PM
30 winners	Laptop worth PhP 30,000.00	June 30, 2018, 11:59 PM	July 6, 2018, 4:30 PM

Reminders:

Ang mga winners ay pipiliin sa pamamagitan ng computer-based random generation sa system ng Cebuana Lhuillier.
Maaaring magkaroon ng maraming entries base sa bilang ng qualified transactions.
Ang client ay maaari lamang manalo ng isang beses kada raffle draw. Hindi na maaaring manalo ang client kapag sya ay nabunot na sa isang raffle draw date.
Lahat ng winners ay makakatanggap ng registered mail na naglalaman ng mga instructions na kailangan nilang sundin para ma-claim ang kanilang prize. Dapat nila itong ipresent sa Cebuana Lhuillier branch na i-aassign sa kanila kasama ang kanilang valid I.D.
Lahat ng mga clients ay kailangang i-update ang kanilang personal information (e.g, name, address, active mobile/telephone no., at birthday) sa Cebuana Lhuillier branch na kanilang pinag-tatransactan. Ang kanilang information na naka-record ay kikilalaning tama at magiging basehan sa pagpapadala ng kanilang notification letters.
Ang hindi pag-receive ng mga winners ng kanilang notification letters dahil sa kanilang outdated personal information ay hindi pananagutan ng Cebuana Lhuillier Services Corporation.
Ang hindi pag-receive ng mga winners ng kanilang notification letters dahil sa outdated personal information ay hindi pananagutan ng Cebuana Lhuillier Services Corporation.
Lahat ng winners ay may animnapung (60) araw mula sa pagkatanggap ng notification letter para i-claim ang kanilang premyo. Lahat ng premyo na hindi na-claim ay mababaliwala pabor ng Cebuana Lhuillier Services Corporation (with prior DTI approval).
Ang 20% tax ng mga prizes na lalampas sa halagang Php10,000.00 ay sasagutin ng Cebuana Lhuillier Services Corporation.

Cebuana Lhuillier joins search for the next Global Pinoy Singing Idol in Greece

Leading microfinancial services provider Cebuana Lhuillier together with the country’s top television network ABS-CBN and its radio arm DZMM and international arm, The Filipino Channel kicked off the annual Global Pinoy Singing Idol in historical Greece last March 24. Over 1,000 people gathered to watch aspiring Filipino singers during the finals round event of the region held at the Gazi Music Hall in Athens. Local actor Gerald Anderson and singer Morrisette Amon also performed during the event.

The event’s major sponsor Cebuana Lhuillier provided entertainment and cash prizes to overseas Filipinos workers who participated and won in the pre-game show, Letra Swerte. Cebuana Lhuillier also sponsored the competition’s preliminary leg held last 2017 in Vienna, Austria and Toronto, Canada.

Cebuana Lhuillier, the only PH microfinancial company at Money 20/20 Asia

Cebuana Lhuillier, headed by Senior Executive Vice President Philippe Andre Lhuillier, was the first and only Philippine microfinancial institution to join Money 20/20 Asia. Considered as the world’s leading financial technology and payments event, the spectacle made its Asia debut last March 13-15, 2018 at the Marina Bay Sands Expo & Convention Centre in Singapore.

From the mighty markets of China and India, global financial hubs of Hong Kong and Singapore, innovation centers of Japan, South Korea, and Australia, and emergent FinTech markets in Indonesia, Malaysia, Bangladesh, and the Philippines, Money 20/20 Asia featured a carefully curated lineup of the leading innovators and senior decision-makers from across the ecosystem to come together and connect, learn, and form partnerships. Other Cebuana Lhuillier executives and staff present during the event were First Vice President and Integrated Marketing and Communications Group (IMCG) Head Michael R. Sena, Vice President and Networld Capital Ventures Inc. (NCVI) Development Division Manager Aleida T. Magnaye, Sr. Assistant Vice President and Marketing Division Head Raymond C. Hernandez, Asst. Vice President and General Manager of Cebuana Lhuillier Services Corp. (CLSC) Erlinda M. Sumanga, Executive Asst. to the Vice President, James Robert D. Afzelius, International Remittance Department Head and Manager Janinna Mae F. Reyes, and Jr. Asst. Manager and Brand Officer Angelica G. de las Alas. A Cebuana Lhuillier booth was put up in the event where potential international partners can learn about the company. The team also aimed to gain business insights and industry trends, especially on financial technology, from the 3-day affair.

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