Banking - Baguio, Cordillera Administrative Region, Philippines
ENBC is a lending firm established by Goshen Land CEO Alexander Bangsoy to help local SMEs(Small & Medium Enterprises) who are mostly intimidated or unqualified to apply for bank loansthat require big collateral. As an entrepreneur, Bangsoy himself saw the need to help MSMEs after being rejected by well-known banks during the early stages of his real estate venture. ENBC provides service to entrepreneurs who need funds to finance daily operations, purchase additional stocks and/or increase existing inventory, expand business to a new territory, increase distribution channels, and pay accounts payable while waiting for collection of existing receivables.ENBC began its operation in November 3, 2014 after being officially registered with the Securities andExchange Commission. In less than three years, the firm has now established three branches in BaguioCity, La Trinidad, Benguet, and Tabuk, Kalinga with a total number of 350 clients and a total of 80 million pesos recorded to its portfolio.Product: Gap FinancingPurchase of Inventory Loan Business Expansion/ Acquisition loansProject FinancingProfessional Business Loan