On Getting a Loan…

should assumptions (such as those for volume of sales or cost of operations) differ from actual operations. Actual sales could be lower and real operating expenses higher than those forecasted in the business plan, thus, the need for additional funding to tide over the business concern.

Volcker

“If you don’t have bad loans you are not in business.”—Paul

“A small loan makes a debtor; a great one, an enemy .”—Publilius Syrus

“There is no practice more dangerous than that of borrowing money.”—George Washington

“Quick to borrow is always slow to pay.”—Anonymous

This year, I have already written two articles that dealt with business borrowing. The first one discussed the need for smaller enterprises for financing and their recourse for additional funds, one of which is to borrow money from formal and informal channels. Because of potential negative implications, business firms are advised to look for internal sources of financing first before seeking funding from banks and other lending institutions. This is not to say, however, that other options such as selling or shares or admission of new investors do not have their own downsides or disadvantages.

In the said article, I also discussed what firms should consider when accessing financing (e.g. interest rate, collateral requirement, penalty rate, repayment period, among others).

The second article on the subject dwelled on how the central and local governments can design and implement lending programs and projects that would be truly responsive to the needs of enterprises, especially the smaller ones.

When do we prepare to borrow?

Smaller enterprises understandably start with some limitations on their financial resources, at least for most of the firms in the micro and small enterprises category. Thus, it would be wise that in the original business plan for the enterprise, there should already be consideration made for borrowing funds from external sources

Why is early preparation for borrowing necessary?

It is unfortunate that many enterprises are unable to access loans, especially from formal lending institutions, because they failed to prepare for such eventuality. What I mean here is that, at the time they seek funding, the enterprise do not have the necessary documents and related requirements that would make the lender approve their loan application.

Some of the basic requisites for an enterprise to access financing include: formal registration of the business with the concerned government entity (e.g. DTI, SEC, BIR, among others); faithful recording of transactions (sales, expenditures, etc.); having the financial statements prepared and signed by Certified Public Accountants, and regular filing of tax returns with the BIR.

In my interaction with commercial banks, including those that cater to micro and small enterprises, and other lending institutions, tax returns (at least two to three years) and audited financial statements appear to some of their most basic requirements.

Thus, if you do not have these basic documents, access to the banks and other formal ending institutions that can provide longer term and cheaper credit would be difficult, if not impossible.

Enterprises that are desperate to secure funding (but fail to qualify as borrowers of formal lending institutions) could end up borrowing from the “black market” or lenders that charge very high rate of interest and huge penalties for failure to pay on time. That is a situation an enterprise would not like to be in.

Extrajudicial Settlement

Notice is hereby given that the late RASOL SARIBO RAGUIA who died on October 29, 2022 at Jeddah, Kingdom of Saudi Arabia, left parcel of land Lot 415-B, PSD-12-052523, situated in Tamontaka, Cotabato City, covered by Transfer

Certificate of Title No. T-48099, containing an area of 600 square meters, more or less; and three (3) bank accounts: Dollar Savings Account No. 102660349769 at BDO Makakua Branch; Dollar Savings Account No. 405160141385 at PNB Cotabato City - Makakua Branch; and Savings Account No. 3-074-351760 at Metro Bank - Makakua Branch are subject of extrajudicial settlement of estate with Special Power of Attorney before Notary Public Atty. Mark Esmael R. Nor, CPA as per Doc. No. 04; Page No. 01; Book No. V; Series of 2023

MC: Apr. 15, 22 & 29, 2023

AFFIDAVIT OF SELF-ADJUDICATION

Notice is hereby given that the estate of the late MA. SUZETTE N. LAO, who died on December 26, 2022 in Cotabato City, a Savings Deposit Account with Bank of the Philippine Islands (BPI)- Cotabato is subject of Affidavit of Self-Adjudication with Waiver and Special Power of Attorney before Notary Public Atty. Edwin P. Matura as per Doc. No. 323; Page No. 64; Book No. II; Series of 2023.

MC: Mar. 25, Apr. 1 & 15, 2023

WAIVER OF RIGHTS AND INTEREST

Notice is hereby given that the late REMIE BASAL BALDO, who died on April 15, 2022 at San Pedro Hospital, Davao City, left a personal property, a Bank Deposit at Land Bank of the Philippines (LBP) is subject of waiver of rights and interest before Notary Public Renie Jay Abad Soriano as per Doc. No. 115; Page No. 23; Book No. XXXXI; Series of 2023.

MC: Mar. 25, Apr. 1 & 15, 2023

Republic of the Philippines Region XII Pikit, Cotabato OFFICE OF THE MUNICIPAL CIVIL REGISTRAR

NOTICE TO THE PUBLIC

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the implementation of the Administrative Order No. 1 series of 2012 (IRR on R.A. 10172) notice is hereby served to the public that Florence A. Alabado, has filed with this office a petition to correct the day of birth 29 to 26 in the certificate of live birth of Florence Aglubat Alabado, born on 29 December 1957 at Pikit, Cotabato and whose parents are Jose Alabado and Necipura Aglubat.

Any person adversely affected by said petition may file his written opposition with this office not later than 15 April 2023.

(Sgd.) MICHAEL C. TOBIAS, MPA Municipal Civil Registrar April 1 & 15, 2023

Extrajudicial Settlement

Notice is hereby given that the estate of the late Spouses GENARO B. BALLANO and LEONOR BALIBADLANBALLANO, who died on March 5, 1990 and May 27, 2007, respectively, at Pigcawayan, Cotabato, parcels of land Lot No. 8636, Midsayap Pls135, situated in Bulocawon, Pigcawayan, covered by TCT No. T-69753 with an area of 60,416 sq. mts.; Lot No. C, Pcs-12-000039, situated in Manuangan, Pigcawayan, covered by TCT No. T-59028 with an area of 30,000 sq. mts.; Lot No. 8539-A, Psd12-072171, covered by TCT No. P-59679 with an area of 40,438 sq.mts. and Lot No. 8539-B, Psd-12-072171, covered by TCT No. P-59679 with an area of 60,658 sq.mts., more or less, both situated in South Manuangan, Pigcawayan, all in Cotabato Province are subject of extrajudicial settlement of estate before Notary Public

Atty. Nasiff Brian O. Meditar as per Doc. No. 445; Page No. 89; Book No. XXII; Series of 2023 MC: Apr. 15, 22 & 29, 2023

Extrajudicial Settlement

Notice is hereby given that the late ISIDRO DELA CRUZ who died on June 3, 2000 at Pob. 5, Midsayap, Cotabato, left a parcel of land Lot No. 12254C, Csd-124709-005647, situated in San Isidro, Midsayap, Cotabato, covered by OCT No. P-60588, containing an area of 26,091 sq. mts., more or less is subject of extrajudicial settlement of estate with simultaneous deed of absolute sale before Notary Public Noel

A. Gretare, CPA as per Doc. No. 2060; Page No. 12; Book No. LXXVI; Series of 2021.

MC: Apr. 15, 22 & 29, 2023

EXTRAJUDICIAL SETTLEMENT

Notice is hereby given that the late Spouses LAURIANA DE PIO and NICOLAS DE PIO, who died on March 01, 2012 and May 21, 1994, respectively in Cabaruyan, Libungan, Cotabato, left a parcel of land Lot 114-D, Psd-12-003504, containing an area of 376 sq. mts., more or less, covered by TCT No. T-68688 is subject of extrajudicial settlement of estate with simultaneous deed of absolute sale before Notary Public Noel A. Gretare, CPA as per Doc. No. 952; Page No. 96; Book No. XCVII; Series of 2023.

MC: Mar. 25, Apr. 1 & 15, 2023

CIVIL REGISTRAR Cotabato City

Notice To The Public

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the implementation of the Administrative Order No. 1 series 2012 (IRR on R.A. 10172), notice is hereby served to the public that Ronald Dillera Almario has filed with this office a petition for correction of sex/gender from Female to Male in the certificate of live birth of Ronald Dillera Almario, who was born on August 12, 1968 at Cotabato City and whose parents are Danilo E. Almario and Daisy B. Dillera. Any person adversely affected by said petition may file his/her written opposition with this office.

(Sgd.) EDRES A. SAMAMA

Asst. City Civil Registrar

Azurin activates 2 PNP offices in Maguindanao...from P1

commands,” Azurin told new police provincial directors. “Ensure also that the people in your respective areas feel secured and safe,” he added.

Republic of the Philippines Bangsamoro Autonomous Region in Muslim Mindanao Upi, Maguindanao OFFICE OF THE LOCAL CIVIL REGISTRAR NOTICE OF PUBLICATION

In compliance with the publication requirement and pursuant to Section 5 of Republic Act No. 9048, a notice is hereby served to the public that DELIA P. ORPEZA has filed with this office, a MIGRANT petition for change of first name from Bella to DELIA in the Certificate of Live Birth bearing registry number 811 of DELIA TRANSFIGURACION PAMO duly registered at the Office of the Local Civil Registrar of BONGABON, NUEVA ECIJA and whose parent are Romeo G. Pamo and Juanita B. Transfiguracion. Any person adversely affected by said petition may file his/her written opposition with this office not later than May 8, 2023.

(Sgd.)JEAN P. BACAS Municipal Civil Registrar MC: Apr. 15 & 22, 2023

EXTRAJUDICIAL SETTLEMENT

Notice is hereby given that the late SIMPAL GUIALAL who died on September 23, 1976 at Malabang, Lanao del Sur, left a parcel of land Cadastral Lot No. 484, Pls-519, Tax Declaration No. 478, situated in Barrio Navilan-Mompong, Datu Odin Sinsuat, Maguindanao, containing an area of 14,772.60 sq. mts., more or less is subject of extrajudicial settlement of estate with simultaneous sale of a portion of land, before Notary Public Atty.

Abbyr A. Nul as per Doc. No. 288; Page No. 58; Book No. XLIII; Series of 2023.

MC: Apr. 15, 22 & 29, 2023

Extrajudicial Settlement

Notice is hereby given that the late SABIDRA PANGLI LUMINOG, who died intestate on January 17, 2023 at Katidtuan, Sultan Kudarat, Maguindanao, left an account with Philippine National Bank (PNB) Cotabato under Savings Account No. 406210012679 is subject of extrajudicial settlement of estate with waiver of rights before Notary Public Atty. Marvin D. Mokamad, CGM as per Doc. No. 52; Book No. 02; Page 11; Series of 2023.

MC: Apr. 1, 15 & 22, 2023

Republic of the Philippines Bangsamoro Autonomous Region in Muslim Mindanao OFFICE OF THE CITY CIVIL REGISTRAR Cotabato City

Notice For Publication

In compliance with Section 5 of R.A. No. 9048, a notice is hereby served to the public that Mansour K. Utto has filed with this office a petition for change of first name from Samsodin to Mansour in the birth certificate of Samsodin Kusain Utto who was born on May 8, 1984 at Cotabato City and whose parents are Maguid A. Utto and Jumaria M. Kusain.

Any person adversely affected by said petition may file his/her written opposition with this office.

(Sgd.) EDRES A. SAMAMA Asst. City Civil Registrar OIC-City Civil Registrar April 1 & 15, 2023

Republic of the Philippines Bangsamoro Autonomous Region in Muslim Mindanao OFFICE OF THE CITY CIVIL REGISTRAR Cotabato City NOTICE TO THE PUBLIC

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 0172), Notice is hereby served to the public that JOENY FERNANDO BALISTOY has filed with this Office, a petition for correction of entry in Sex / Gender from Female to Male in the Certificate of Live Birth of JOENY FERNANDO BALISTOY who was born on November 24, 2004 at Cotabato City and whose parents are Joven Balistoy and Rochel C. Fernando. Any person adversely affected by said petition may file his/her written opposition with this office.

(Sgd)EDRES A.SAMAMA

Asst. City Civil Registran OIC-City Civil Registrar MC: Apr. 15 & 22, 2023

EXTRAJUDICIAL SETTLEMENT

Notice is hereby given that the late SIMPAL GUIALAL who died on September 23, 1976 at Malabang, Lanao del Sur, left a parcel of land Cadastral Lot No. 484, Pls-519, Tax Declaration No. 478, situated in Barrio Navilan-Mompong, Datu Odin Sinsuat, Maguindanao, containing an area of 14,772.60 sq. mts., more or less is subject of extrajudicial settlement of estate with simultaneous sale of a portion of land, before Notary Public Atty.

Abbyr A. Nul as per Doc. No. 289; Page No. 58; Book No. XLIII; Series of 2023.

MC: Apr. 15, 22 & 29, 2023

Extrajudicial Settlement

Notice is hereby given that the late RICARDO G. ANAGARAN and ROSA S. ANAGARAN, who died on September 5, 2005 and August 18, 1995, respectively both in Ellinois, USA, left a parcel of land Lot 3, Block 14, Psd-27747, situated in Kakar, Cotabato (now Cotabato City) with an area of 323 sq. mts., more or less, covered by TCT No. T-8249 is subject of extrajudicial settlement of estate with deed of donation before Notary Public Atty. Agnes R. De Castro-Jagunap as per Doc. No. 401; Page 401; Book No. XXIX; Series of 2023.

MC: Apr. 1, 15 & 22, 2023

Legal Notice

Notice is hereby given that Spouses CEFERINA LAGMAY and ANTONIO ESPIRITU, who died intestate on April 24, 2003 and December 9, 2001 in Kabacan and Matalam, Cotabato, respectively, left a parcel of land Lot No. 810-1, Psd-12-004550, situated in Kilada, Matalam, Cotabato, containing an area of 20,000 sq. mts., more or less, covered by TCT No. 152T-64807 is subject of Declaration of Heirship and Self-Adjudication with Sale before Notary Public Esther Jalandoni Dumagan as per Doc. No. 134; Page No. 28; Book No. 104; Series of 2023. MC: Apr. 1, 15 & 22, 2023

Azurin recalled that the police camp has improved a lot as compared 34 years ago when he was first assigned in Parang, Maguindanao 34 years ago. He also appealed to all political leaders in the two provinces to help the police in maintaining law and order.

SULTAN PAWNSHOP corner Bonifacio and Don Rufino Alonzo Sts., Cotabato City

Ang Sultan Pawnshop ay nagpapatalastas na mayroon silang Subasta ng mga hindi natutubos na mga sangla. Ang mga ito ay isinangla noong Setyembre 2022. Ang subasta ay sa Mayo 2, 2023 sa ganap na ika8:00 ng umaga hanggang ika-4:30 ng hapon sa nasabing lugar.

MC: Apr. 15 & 22, 2023

CONLUCK PAWNSHOP MAIN

CONLUCK DON RUFINO BRANCH CONLUCK PAWNSHOP BRANCH 4 & CONLUCK PAWNSHOP PLAZA Cotabato City ay nagpapatalastas na mayroon silang Subasta ng mga hindi natutubos na mga sanla. Ang mga ito ay isinangla magmula Marso hanggang Abril 2022 . Ang Subasta ay sa Abril 29, 2023 sa ganap na ika 8:00 ng umaga hanggang ika 4:00 ng hapon sa nasabing lugar.

MC: Apr. 15 & 22, 2023

Extrajudicial Settlement

Notice is hereby given that the late SIMPAL GUIALAL who died on September 23, 1976 at Malabang, Lanao del Sur, left a parcel of land Cadastral Lot No. 484, Pls-519, Tax Declaration No. 478, situated in Barrio Navilan-Mompong, Datu Odin Sinsuat, Maguindanao, containing an area of 14,772.60 sq. mts., more or less is subject of extrajudicial settlement of estate with simultaneous sale of a portion of land, before Notary Public Atty.

Abbyr A. Nul as per Doc. No. 290; Page No. 58; Book No. XLIII; Series of 2023.

MC: Apr. 15, 22 & 29, 2023

Extrajudicial Settlement

Notice is hereby given that the late ELEUTERIO EBO, who died intestate, left a parcel of land Lot 2587-A-3-D-1-C4-D, Psd-12-001328, situated in Katingawan, Midsayap, Cotabato, covered by TCT No. T-59366, containing an area of 6,742 sq. mts., more or less is subject of extrajudicial settlement of estate before Notary Public Teresita Carreon Llaban as per Doc. No. 440; Page 85; Book No. XXVIII; Series of 2023.

MC: Apr. 1, 15 & 22, 2023

Republic of the Philippines Bangsamoro Autonomous Region in Muslim Mindanao OFFICE OF THE CITY CIVIL REGISTRAR Cotabato City

Notice For Publication

In compliance with Section 5 of R.A. No. 9048, a notice is hereby served to the public that Manuel Jr. O. Ramento has filed with this office a petition for change of first name from Manuel to Manuel Jr. in the birth certificate of Manuel Octavio Ramento who was born on March 18, 1976 at Cotabato City and whose parents are Manuel R. Ramento Sr. and Mercedes S. Octavio. Any person adversely affected by said petition may file his/her written opposition with this office.

(Sgd.) EDRES A. SAMAMA

Asst. City Civil Registrar OIC-City Civil Registrar April 1 & 15, 2023

Extrajudicial Settlement

Notice is hereby given that the late SALIPUDIN D. ESMAEL who died on June 06, 2019 at Poblacion, Pikit, Cotabato, left a TOYOTA HIACE VAN with Chassis No. JTFJT02P105000590, Engine No. 1KD2586420, Model 2016 is subject of extrajudicial settlement of estate before Notary Public Mario M. Bello, Jr. as per Doc. No. 279; Page No. 56; Book No. LXIV; Series of 2023.

MC: Apr. 15, 22 & 29, 2023

Extrajudicial Settlement

Notice is hereby given that the late WILFREDO A. ADALIN, who died intestate in Davao City on February 13, 2020, left a real estate property, covered by TCT No. T-30475, situated at Bo. Awang, Datu Odin Sinsuat, Maguindanao, with an area of 662 sq. mts., more or less is subject of extrajudicial settlement of estate with settlement, adjudication, partition waiver, relinquishment, and renunciation of rights before Notary Public Atty. Eula Maye Celaine P. Arias as per Doc. No. 448; Page No. 91; Book No. II; Series of 2023.

MC: Mar. 25, Apr. 1 & 15, 2023

EXTRAJUDICIAL SETTLEMENT (ADDENDUM)

Notice is hereby given that the estate of the late PRAXEDES A. NADELA, consisting two parcels of land Lot. No. 10951-C, Csd-12001207, situated in Central Katingawan, Midsayap, Cotabato, covered by OCT No. P-48059 with an area of 31, 503 sq. mts., more or less and Lot. No. 2189-D, Psd226039, situated in Lower Katingawan, Midsayap, Cotabato, covered by TCT No. T-45145 with an area of 18,329 sq. mts., more or less are subject of addendum to the deed of extrajudicial settlement of estate with simultaneous sale executed in Midsayap, Cotabato on December 20, 2022, before Notary Public Rolando D. Jungco as per Doc. No. 282; Page No. 57; Book No. XXIII; of