Small Businessfintech

Right Choice Finance expands services into Cebu to cater to MSMEs

After the launch in 2016 in the Philippine capital Manila, Right Choice Finance Corp. (RCF) is finally going south with the opening of its offices in Cebu. The finance company also launched its cloud-based services aimed at assisting micro, small, and medium enterprises (MSME) in their post-COVID-19 recovery.

RCF is a wholly owned subsidiary of Right Choice Capital Pte Ltd headquartered in Singapore. It provides MSME and consumer loans through its digital business platform that also offers financing products and HR (human resources) software.

“MSME owners in Cebu can avail of customized loan options to survive and even expand during this uncertain COVID-19 times,” said James Kodrowski, founder and managing director, RCF. “To help Cebu businesses bounce back, we will be here to provide that vital support across all stages of MSME development.”

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By using its digital platform, businesses availing themselves of different loan services can receive their funds within one to two days upon submission of requirements, evaluation, and approval. Funds disbursement is through the RCF e-wallet that allows users to conveniently manage their funds, pay their bills, and transfer money online.

Financial capacity

RCF also said that they don’t require a cap or maximum loans that any business wants to avail. The amount of the loan will depend on their financial capacity and other assets.

The finance firm also introduced the Human Resource Information System (HRIS), cloud-based software that allows companies to centralize and streamline their HR administration tasks in an automated experience that reduces manual labors. It comes with a cash advance software bundle that allows employees apply and receive cash advance easily and quickly.

Business loans are available to entrepreneurs to keep them going and growing during this difficult time. Meanwhile, consumers can apply for personal loans to fund their needs for housing, vehicle, education, and other endeavors.