Business Loan. Metrobank has three types of business loans which are SME Credit Line, SME Short-term Loan, and Long-term Loan. SME Credit Line is for people who wants to increase their working capital or those who need funding for their daily business operations. On the other hand, the two SME term loans are for those who are looking at acquiring a commercial property or equipment, so to speak, those who need to add more permanent working capital.
Aside from these, SME term loans are also for people who wants to: acquire new machineryequipment, construction, or renovation of commercial property (i. warehouse, facility, or building), franchise financing take-out a loan from another bank.
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Late Payments Hurt Your Credit Personal loans in a chapter 13. Please be aware that missing a payment or making a late payment can negatively impact your credit score.