| RETAIL LENDING PROGRAM > SME FEASIBLE
SME-FEASIBLE
Financing for Enterprising and Able Start-ups with Innovative Business Lines
Program Description
A medium-term loan facility of Small Business Corporation for start-up domestic entrepreneurs whose product or service prototype has already been produced and market-tested.
| Type of Facility |
Term Loan |
| Loan Amount |
- Minimum of P200,000
- Maximum of P1.5 Million
- Must not exceed 50% of the project cost
|
| Purpose of Loan |
- Fixed Asset Acquisition
- Building construction/improvement
- Equipment/vehicle acquisition
- Lot acquisition (limited to 25% of total loan)
- Working Capital (either amortized or one-year credit line)
|
| Repayment Term |
- Term Loan - maximum of 5 years, with up to one year grace period
- One–year Credit Line – up to 180 days term per drawdown
- To be amortized monthly or quarterly
|
| Collateral Cover |
- Real Estate Mortgage or Chattel Mortgage on motor vehicle
- Fixed assets to be financed by the loan
|
- Minimum Borrower Qualifications
- Filipino-owned enterprise; in the case of corporation, must be at least 60% Filipino-owned
- Project to be financed not into farm-level agri-aqua production, extractive activities or vice-generating operations
- Must be willing and able to finance at least 50% of the cost of the start-up project
- Should have a business plan, which the borrower should be able to expound on and to defend
- The product or service prototype has already been produced and market-tested by the borrower
- The technology set-up of the project is endorsed by the Department of Science and Technology (DOST)
Documentary Requirements
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Retail Lending Program