What working capital financing suits a distributor?
It depends on how your cash moves. Distributors that restock often may suit a revolving credit line: draw when you need stock, repay, and draw again. If you need one lump sum, a business loan may fit better. Datung offers both, of ₱30,000 to ₱10,000,000. Subject to credit approval.
An approved limit you can draw from, repay and draw again whenever the business needs it.
How it works with Datung
- Apply once, and we review your business to set an approved limit.
- Draw from your limit when the business needs it: for stock, a big order or a busy season.
- Repay on the schedule set out in your documents.
- As you repay, draw again from your limit whenever you need to.
What we look at
- How your sales and cash flow move month to month, from your bank statements
- How often you restock, and from whom
- Your customers and the terms you give them
- What our credit officer sees at the business visit
What you need to apply
To apply for a business loan, you need 1 valid ID and your last 3 months of bank or GCash statements.
Business loan pre-approval is usually within about 1 hour of complete documents, during business hours. This is an aim, not a guarantee.
Questions
Which loan is best for working capital?
It depends on the need. A credit line suits repeat needs, a business loan suits a single need, and PO financing or invoice factoring suit cash tied to one order or invoice.
Can I get a loan for working capital?
Owners of established businesses in any industry can apply, especially suppliers and distributors who sell to small businesses on terms. Subject to credit approval.
How much does it cost?
The interest rate and all charges are disclosed in full before you sign. Datung never asks for any fee or payment before your loan is released.
Apply onlineDark Knight Lending, Inc. (DBA Datung) is a subsidiary of Datung Pte. Ltd., Singapore. SEC Reg. No. 2024070157507-01, Certificate of Authority No. 3506. Contact: sales@datung.io · Company facts · Business financing by purpose