How to Franchise LivingWater
Here’s what you need to know in franchising LivingWater. We can also help you start your franchise business with exclusive discounted Franchise Loan Rates!
Who is LivingWater
LivingWater is a water refilling station company with more than 1800 franchisees nationwide. Their mission is simple: to give people safe and clean drinking water.
Overview
Franchising has never been this easy! As the official bank partner of the Association of the Filipino Franchisers Inc. (AFFI), we are offering discounted loan rates and waived fees to members and their franchisees.
LivingWater Franchise Package: PHP 300,000
The LivingWater Franchise Package includes the following:
- Usage of trade name and logo of LivingWater
- Delivery around Metro Manila
- 2 pcs. of staff t-shirts
- DTI registration
- Franchisee and staff training and seminar
- Opening streamer
- 1 year of bacteriological testing
- Free installation of equipment
- Signage (single-faced)
- Heat gun
- Other supplies
Franchise Contact Information
Address: W8B CCMC Compd., Industrial Area, Veterans Center Taguig
Website: www.livingwater.ph
Tel. No: 02 986 5628
Mobile: 09178527126
Email: [email protected]
Franchise Loan Details
| Loan Term | Discounted Monthly Add-on Interest |
| 12 months | 1.20% |
| 18 months | 1.30% |
| 24 months | 1.60% |
| 36 months | 1.65% |
| Minimum Loan Amount | P500,000 |
| Maximum Loan Amount | P5,000,000 |
How to Apply for LivingWater Franchise
- Call through this telephone number: 02 986 5628 for appointment & business presentation
- Source water testing ( free testing)
- Site inspection and layouting
- Equipment package selection (with accessories)
- Reservation Fee
- Execution of contract
- Fill up DTI application form with 2 pcs. of 2×2 picture with signature at the back.
- Renovation/Construction layout
- Opening of streamers
- Start of renovation and construction
- Delivery of Stainless tank(s) prior installation of aluminum & glass windows.
- Full down payment
- Secure barangay clearance and contract of lease
- Delivery and installation of equipment
- On-site training
- Sanitizing of storage tanks
- Processing
- Laboratory testing
- Purchase of initial inventory of containers
- Application for Mayor’s permit (business permit) and BIR registration
- Soft opening day
Get your Franchise Loan today!
No collateral required for loans up to P5,000,000
Avoid the hassle with minimal application requirements
Enjoy seamless processing & approval in as fast as 5 days!
Loan proceeds are auto-credited upon disbursement of funds.
Fees and Charges
| Processing fee | PHP 2,000* |
| Notarial fee for Sole Proprietorships | PHP 400 |
| Notarial fee for Partnerships and Corporations | PHP 800 |
| DST | Approved Loan Amount / 200 * 1.50 |
| Penalty fee | 3% of past-due amount for the month |
*The P2,000 processing fee will be waived if an average daily balance of P100,000 is maintained for 3 months (from opening date).
Eligibility Requirements
- The businesses to which the loan will be applied for must meet the following criteria:
- Duly registered to operate as a business in the Philippines;
- Must have been operating for at least 3 years, and profitable for the latest 1 year.
- Must have no outstanding debt that exceeds 40% the company’s monthly income
- Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
- Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
- If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan
- Identified business owners will then be required to have:
- An existing account with Security Bank (at least 6 months old with PHP 50K ADB) OR Existing credit card (any bank; credit card number/s must be provided in application)
- Permanent residency in the Philippines;
- At least 21 years of age at the time of application and not more than 65 years of age upon maturity of the loan
Documentary Requirements
SOLE PROPRIETORSHIP
- Signed and Completed Application Form
- Copy of 2 valid IDs with photo from primary applicant / owner / authorized signatory
- Latest ITR with BIR stamp
- Latest (1) year Audited Financial Statements
- Valid DTI Registration docs
- Latest 3 months bank statement
- List of customers/suppliers and details about their dealings
- Valid Business or Mayor’s Permit
- Franchise certificate
PARTNERSHIP/CORPORATION
- Signed and Completed Application Form
- Copy of 2 valid IDs with photo from primary applicant / owner / authorized signatory
- Latest ITR with BIR stamp
- Latest (1) year Audited Financial Statements
- Valid DTI/SEC Registration documents and GIS
- Latest 3 months bank statement
- List of customers/suppliers and details about their dealings (The following documents will be required by the bank prior to loan booking:
- Partnership / Board Resolution (authorizing signatory for accounts and loan, credit investigation on both the business and owners)
- Continuing Suretyship Agreement (for corporations) Client will be given templates at point of application to prepare for the loan decision )
- Valid Business or Mayor’s Permit
- Franchise certificate
Ready to start your franchise loan application?
Yes, I am ready to apply now.Frequently Asked Questions
How can I apply?
You can apply through:
- Online Application Form
- Download Business Express Application Form together with the requirements and submit at a branch near you.
How will I be notified of approval?
You will receive an SMS upon loan approval and a SPOC will reach out to you to set a booking appointment in the branch.
How will I receive loan proceeds?
Upon booking, loan proceeds will be credited directly to your identified account. If you do not have a Security Bank CA/SA account at point of booking, you will have to open an account with the branch.
What are the modes of payment?
All Business Express Loans will be set to have an Auto-Debit Arrangement (ADA) with their identified account that will collect amortization payments monthly.
Can the loan be pre-terminated?
Yes, the loan can be pre–terminated the loan but there will be a processing fee equivalent to 3% of remaining principal balance plus unpaid interest for the month that shall be applied to your account.
Can I re-avail of a loan?
Loans can be re-availed as long as half of the balance of the original loan term has been paid, and there has been no record of missed payments. Example: Original loan term is for 12 months and amortizations have been paid for 6 months already, client can apply for re-availment. Upon booking, the previous loan balance will be deducted from the proceeds of the new loan.
Can I avail of two business express loans at the same time?
Borrower cannot avail two separate loans at the same time. At least half of the term for the existing loan must be paid off first before they can apply for another loan.
Terms and Conditions
- The promo will be offered to AFFI members, existing franchisees, and potential franchisees of AFFI members.
- If a qualified client avails of a Business Express Loan, the processing fee of P2,000 will be waived if:
- Client opens a BusinessPlus account
- Client has opening balance of P100,000 on top of the loan proceeds amount
- ADB of P100,000 is maintained for three (3) months from account opening date
- Client has at least one (1) Digibanker transaction within one (1) month from account opening date
- The P2,000 processing fee shall be charged to the client initially, but will be credited back within 2 weeks from booking date of the Business Express Loan. The credit can be withdrawn by the client fifteen (15) days after the 3-month monitoring period. This credit shall be charged again to the client if:
- Client closes his BusinessPlus account within three (3) months from account opening.
- ADB falls below P100,000 within the first three (3) months from account opening date.
- Client has not made at least one (1) Digibanker transaction within one (1) month from account opening date.
Hold out date: 15th BD of the 4th month from account opening date