On 16 November 2001, the Small Business Guarantee and Finance Corporation (SBGFC) and the Guarantee Fund for Small and Medium Enterprises (GFSME) were merged and became known as the Small Business Corporation. Today, Small Business Corporation is the National Government’s third largest provider of SME financing, with a lending portfolio of over P3 Billion. There are over 3,000 clients, 71 partner financial institutions, and serving 57 of the 75 provinces across the country. Through its Direct Lending Program, it offers loan facilities designed to suit the specific financing needs of micro, small and medium enterprises (MSMEs). It also provides additional liquidity to business needs and is a credit champion for MSMEs.