Business Loan
A loan product designed to provide financial support to business owners, which can be utilized for working capital, purchasing finished goods inventories, and acquiring raw materials.
- Interest up to 4% monthly, diminishing
- Payable up to 5 years.
- Tax-free.
- With Patronage refund.
- Save more with capital build-up.
To qualify for MHRMPC membership, individuals must meet specific criteria outlined by the cooperative.
- Regular Member
- Registered Business Owners (Single proprietorship).
- Business establishments with an Asset Size of 300,000.00 and above.
- Has Financial Recording System.
Applicants to MHRMPC are required to submit specific documentation.
- 2 valid ID's (1 is company ID)
- Proof of income and billing statement
- Sales records and Financial Statement
- Additional requirements may be added depends on amount of loan
