Microbusinesses can secure a loan of up to P200,000 with interest of up to 2.5% with no collateral requirement.
The Department of Trade and Industry’s (DTI) Small Business Corporation instituted the Pondo sa Pagbabago at Pag-asenso as Enterprise Rehabilitation Financing facility which shall be available once community quarantine is lifted.
Eligible entities for the Pondo sa Pagbabago at Pag-asenso are microbusinesses with total assets not exceeding P3 million.
Interested businesses may apply by submitting: (1) an accomplished loan application form; (2) a government-issued ID; (3) a Barangay/Muncipal Business Permit; (4) DTI business name registration; (5) evidence of micro enterprise activity for at least one year (certification by LGU and/or other government offices are acceptable); and (6) proof of one (1) year residence such as Barangay certificate. The loan application form can be obtained from the SBC’s partner institutions.
A complete list of SBC’s partners is available here.
Project Lifeline’s lawyers can help you fill-up and process your application at no charge.
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