business

First Circle make business financing easy for Pinoy SMEs

3:01 PM

As an online entrepreneur, I know how frustrating it is be bursting with business ideas but not having enough capital for it. I know that I'm not the only who feels this way. In fact, this is one of the reasons why most Pinoys don't go into business. Small and medium enterprises (SMEs) now contribute to 99% of economic growth in the Philippines, yet access to finance remains the biggest hurdle.


This is one of the reasons why First Circle was founded. The growth-finance company aims to give small business owners like me the chance to compete in the industry by providing easy access to finance.


First Circle is the first digital SME financing company in South East Asia.  The nature of its business solution suite is highly agile, recognizing that one of the pain-points of SME growth is a speedy delivery of operations. Patrick Lynch, President and CEO of First Circle shares that what is needed to empower small businesses is  to reduce the amount of time it takes to open an account and to avail financing. In fact, in the intimate media event they had recently, he said that the company can grant business loans as quickly as two weeks.


Applying for financing is also made convenient for the company's SME customers. Everything is done online and can be accomplished in as little as 2 to 3 minutes with First Circle's propriety-built secured system.

First Circle points to the fact that the Philippine economy is growing at an annual rate of 6%. With a 95% return rate for its customers and loan offers returned in under 24 hours for approved applicants, it surely is making huge strides in reshaping how small businesses in the Philippines can expand their business.

For more information or to apply for financing from First Circle, visit www.firstcircle.ph.


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