In asuing post dated checks, {.. 8 de Sos Res ‘The are enough funds Cog PLANET ‘Once the loan drawdown requirements re competed, the loan amount net ofthe documentary stamp tar (OST) equivlentto 10.75% (Php%.50 for every Phs200) of oa amount will be depested to your specified bank What is annotation? ‘Annotation isthe process f ensuring thatthe ‘document of the property being required as ‘ecury ofthe loan from FSSIwil be registered withthe proper author 1oindeate that such Droperty is used as collteral othe oan, ‘The concemed agencies to deal with For REM: Regist of Deeds (ROD) For CHM: ROD and Land Transportation Ofce For marketable secuiies: Corporation that ‘stued stocks cortfiete Whats the process for annotation? Proceed to ROD in your area, The ROD wil provide thelist of documents to submit which ‘sual include documentary stamps pid to BIR the morgage contract, Afidevit of Good Faith, promissory note 3nd the orginal capy of the fie, The annotation wil ake atleast a month 0 COMPLIANCE GUIDELINES A how-to-guide in accesing loans for your social enterpriseIntroduction ‘The Foundation fora Sustainable Society, Inc. OF FSSIis a non-government organization that Supports enterprises with People, Planet and Profit as thir tiple bottom line (3BL), SSI offers financial products and services to ‘eddress the needs of growing social Applying fora loan is as ‘easy a5 4 steps. Here's how: HOW DO! w APPLY FOR (Go ALOAN? INQUIRE Inui for FSS financial services stable to your enterprise needs Callusat ‘632.411 4702.03, axa 928867 mail at fsiericom ph Visit and message us through ‘urate fs comph (Our area menagers and oficersasigned in yourregion wil stendto yourinquines. apply for a loan? / -¥ Completely filed-ou application form {Download application frm at FSS website or task fora copy rom any FSI staf Lote of intent Board resolution forthe loan aplication Inelodes deta such 9 amount and purpose) Boerd resolution authoring the Cooperative Microfinance NGOs NGOs and POs Corporation Partnership Sole Proprietorship ‘SUBMIT REQUIRED DOCUMENTS representative to tansact the loan Photocopy of iD with signature and photo ofthe authorized representative Project proposal or business plan Copy af registration of the business Registration wth parinent regulatory agency Business permit Audited FS and notes (3 years) Ietri FS Copy of proposed collateral Real estate! \ehite/ machinery) Ltt aay = ctcnunbe, Professional background) ACCOMPLISH LOAN DOCUMENTS UPON APPROVAL, : A Notice of Approval signed by FSSI sat [J exocutve director willbe sont tothe She requirement that need 1 be accomplished Loan agreement 1 Amortztion schedule Promissory nate 1 Documentation of aan security, ‘Mice of Good Faith Carta of Regitrton of Chait suchas ‘ith tterpet of asc abies and nt worth Ssignotores + Deed of Asgnment of Note: All documents must be filad out signed and notarized upon submission to FSSI ‘SUBMIT A LETTER (OF REQUEST FOR DRAWDOWN ‘Once loan documents ae complete, submit eter cof request fr loan release specthing the requested ‘mount target dat of rlatce and bank account ‘etait which the loan amount willbe deposted Please note that foreach an drawdawn, 2 ne amortization schedule will be generated which the ortower must co-sign and return o FSI together with the corresponding post dated checks,