$ Buy : 582.00 • Sell : 595.00
BCCR: 584.47 • 591.09
800-1020-300 800-1020-300
Sureties
Support for Your Business
The purpose of sureties is to support businesses, owners or representatives that do not have enough collateral.
WHAT DO I NEED IN ORDER TO REQUEST A SURETY BOND?

Consider the following:

  • No having chattels or real estate in your name.
  • You own a property but it serves as collateral for another entity.
  • You own a property but it is located outside the GMA which does not qualify as collateral as per Desyfin policies.
  • You present some type of collateral but upon appraisal is found not to cover the percentage requested by Desyfin. In this case we can add the surety to cover the unsupported percentage. These guarantees may be properties, vehicles, CDs, etc.

Requirements for Legal Persons:

  • Articles of incorporation (with shareholding)
  • Recent public utility bill (water, power or telephone).
  • Financial statements (two previous fiscal years and a recent fiscal year to date– not older than three months).
  • A copy of the company’s legal representative’s personal identification, legible and valid.

Requirements for Natural Persons:

  • A copy of your personal identification, legible and valid.
  • Recent public utility bill (water, power or telephone).
  • Employees: employer certification, and salary certificate.
  • Independent professionals: CPA income certification and six months of bank statements.