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This form of financing is a good source of capital for small and medium enterprises (SMEs) and is especially suitable for seasonal or cyclical businesses that don’t have sustained or stable sales all year round and need liquidity (cash in hand) to meet their everyday operating costs. Seasonal businesses manufacture during the off-season to be able to sell aggressively during the peak season. As a result, they receive a chunk of payments only during the peak season, while through the rest of the year, they need funds to sustain operations you can use a working capital loan
date: 19 Mar 2019 - 19 Mar 2020
Lot for Sale..Flood Free..J.P. Rizal, Marikina City..Lot area 150sq.m.Total Contract Price Php 2,700,000..Downpayment 15% Php 405,000..Less: Reservation fee Php (50,000)..Net Downpayment Php 355,000..12 months topay Php 29,583.33..Balanc 85% Php 2,295,000..5 yrs. Topay @ 14% interest Php 56,012.24