-A Financing facility specifically offered to contractors and subcontractors who has government or private contracts won or awarded for building works providing our clients opportunity to maximize use if their existing capital ensuring timely completion of the project.

Qualified and Eligible Borrowers:

• Licensed Contractors, subcontractors or contractors with Joint Venture agreement with least 3 years operating as contractor and has at least 3 completed building contracts.

Eligible Projects

• Residential Buildings from single family dwellings to high-rise building.

• Non-Residential Buildings (Commercial, Government, LGU & National Offices)

• Road Construction, Drainage System, Water Supply, Dams, Irrigation Project and other Utility Infrastructure.

Collateral:

• Land Title with Real Estate Mortgage (As optional)

• Heavy Equipment properly mortgage in favor of Rural Bank of Rizal (Z.N.) Inc.

• Contract Receivables with executed Deed of Assignment for Outstanding Receivables out of the Awarded Contracts.

Term: Maximum 6 months PN but not to exceed the end date of the contract or approved line. To re-avail a loan 20% payment requirement MUST BE MADE however all outstanding loan availed MUST BE paid or with MATURITY DATE NOT EXCEEDING the end date of the contract.

Loan Amount (subject to HGC Policy guarantee line):

• 60% of appraised value of the Land and Improvements

• 50% of the validated Awarded Contract. (Base on contract amount)

Mode of Payment: Monthly

Requirements:

• 1 Valid Photo-bearing ID with signature

• 2x2 or 1x1 ID Picture

• One (1) Any Latest Residential Proof of Billing

• Contractor's License 

• Current Business Permit

• Statement of its ONGOING government and private contracts including awarded but not yet started w/signed contract attached.

• Statement of all its completed government and private contracts for the past 3 years. With its biggest contract attached as support.

• Outstanding Contracts with Notice of Award and Notice to Proceed 

• Joint Venture Agreement (if necessary)

• In house latest Interim Financial Statements

• 2 years BIR Filed Audited Financial Statement 

• Latest Income Tax Return 

• Post-dated Checks

Additional if applicant is corporation:

• SEC Registration

• Article of Incorporation and by-laws

• Latest GIS or Bio-data of applicant/Key officers

• Board Resolution for authorized representative to avail a loan