Running an enterprise would mean orchestrating several aspects of the business – Sales and Marketing (our fave!), Finance and Technology, Operations, and People and Leadership. These elements deserve a respective discussion in our new blog series – Build Your Business Empire (BYBE). For our series premier post, let us focus on Finance and Technology.
During the first run of the BDO Fiesta in the Davao Region, we were privileged to be one of the partner content creators. Essentially, it is a group-wide initiative of BDO Unibank and BDO Network Bank showcasing the bank’s unique brand of service weaved into exciting promos, special activities and meaningful engagements. Just like “Fiesta” as we Filipinos know it, it is a fair-themed community celebration stretching for almost 2 months around a particular region.
Here is one of the mini-Fiestas that we attended: https://www.facebook.com/share/r/19eCJfZ16H/
Among the stalls we have hopped around that made us appreciate BDO’s advocacy to the Small and Medium Enterprise owners are the ones which offered the Negosyante Loan by the BDO Network Bank, and the Cash Management Services (CMS) by the BDO Unibank. If you are an entrepreneur with a 2 years young business, the tandem bank offerings are the perfect business solutions you can avail to scale up your baby enterprise. Negosyante Loan for additional business funds and the CMS to automate the movement of the finances.
Finance: Negosyante Loan by the BDO Network Bank
It is a non-collateral loan offered to owners of Small and Medium Enterprises which have been running over 2 years. The only requirements are the latest 3 months Proof of Sales of at least Php 10,000 a month, an updated business permit and 1 valid ID. If you qualify, you may get up to PhP 2 Million additional funding to turn that little business into an empire!
You may ask for an assessment or apply for Negosyante Loan here: https://www.bdo.com.ph/personal/remittance/kabayan-loans/negosyante-loan
Technology: Cash Management Services (CMS) by the BDO Unibank
The CMS is one of the features to organize the flow of your business funds through the BDO Business Online. It offers end-to-end solutions for collections, disbursements and liquidity management to help businesses operate efficiently.
For enterprises which are still starting, you may apply for it with a minimal package cost while the established corporations may just maintain a particular required value for a complimentary use. It enables the efficient processing of transactions and access to timely information anytime, anywhere.
Plus a Payroll Package!
The Payroll Package provided by the CMS is a complete payroll solution designed for both the employer and the employee. It gives employees access to BDO financial services and free life insurance coverage. The package serves also as a tool for financial inclusion, granting previously unbanked SME employees their first access to formal banking channels.
Whatever industry your business belongs, you may customize the features of your package. You may request for an assessment or apply for a CMS here: https://www.bdo.com.ph/business/business-solutions/cash-management
Here is a success story of a thriving burger joint in the Philippines: https://youtu.be/_ytuI0TeJ3s?si=xAYIdwN4OfcNGPtB
While you may not wholeheartedly agree yet, you can exactly end that phase of managing your business where juggling all its aspects is seemingly a one-man incorporation. You may not necessarily hire more manpower yet. But, strategically, you can get funding without joining Shark Tank and automate the money flow without involuntarily hiring an accountant.
Scale up! Explore ways with BDO now.
JOHNDAPPERCLOSER 