(The Philippine Star) Updated October 09, 2009 12:00 AM
MANILA, Philippines - Filipinos are known to be creative and resourceful individuals. As entrepreneurs, there are lots of examples on how business-savvy Pinoys have found niches in their respective endeavors. Aside from creativity, they have both the determination and the passion to excel in their chosen business sphere.
Any entrepreneur knows that to succeed in a business you have to develop a solid marketing and financial plan. In other words, an entrepreneur must know his market well and the extent of his financial resources. For the past few years, quite a large number of businessmen have started sharing their success stories, while more organizations are finding ways to help and hopefully to ignite further efforts in entrepreneurship.
If an entrepreneur did his homework well and succeeds in running the business in the initial stage, he will definitely require bigger financial resources to expand his operations. He will need a reliable financial institution to back him for his expansion. Using the concept of synergy, BPI Family Savings Bank is working with entrepreneurs to help them live their business dreams through the Live Your Dream Credit Line.
This credit facility is unique as it allows you to get much needed funding for building a business, supporting a child’s education, or striking out for stock market opportunities without having to sell your assets. Through the Live Your Dream credit line, 63-year old Victor Gamboa was able to buy bank-repossessed properties for his renovate-and-sell business. “After some renovations of plumbing, electrical and structural areas, I sold these foreclosed properties for a nice profit,” he said.
“It brought my current business to a new level. Rather than purchasing condo and townhouse units, I now know I can buy whole buildings in key areas like Pasay and Makati with the backing of BPI Family Savings Bank,” added Gamboa.
Gerald Santos, a 42-year-old businessman, agrees. “When I started banking with BPI Family Bank, I was only into buy and sell of second-hand cars. Now, I have diversified businesses. I’m into manufacturing and trading of tube ice, the restaurant business and also into construction.”
Indeed, the Live Your Dream credit line helped me expand. Without it, I don’t think I’ll be able to maximize my potentials in business. They helped me with the right financing package for all my financial requirements; it’s very convenient,” Santos shares.
Often, factors like unexpected surges in cash flow requirements that cannot be met due to a limited working capital have caused the downfall of many a business. Live Your Dream Credit Line not only provides entrepreneurs with the means for expansion but also a windfall, a source of cash in times of “emergencies.”
Perhaps the key factor that differentiates this credit line from others is BPI Family Savings Bank’s signature brand of service. Fast, reliable and with a sincere concern for clients, it elevates the whole customer experience and even includes expert financial advice. 27-year old Kerwin Wesley Co says BPI Family Savings Bank is like a “big brother” because it is constantly updating and guiding on his financial records.
Call 845-6555 to know more about how BPI Family Savings Bank’s Live Your Dream credit line can help build your business today!
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