Small Business Corporation is ready to reopen its Covid 19 Assistance to Restart Enterprises (CARES ) Program online Borrower Registration System (BRS) on August 17, 2020.  Online loan applications received prior to this date are already on the final stages of processing, maintaining a queueing of first come first serve basis.

Tagged as CARES 2 to distinguish it from the initial run of the Program,  this upcoming CARES window will require all applicants to apply through SBCorp's online BRS found in this link  https://brs.sbgfc.org.ph . Manual applications  will no longer be accepted.

The loan features of CARES 2 is the same as CARES 1 including loan limit, zero interest rate, service fee, grace period and repayment term.  The same identification and business registration documents are required.

However, for ease of loan release as well as to reduce physical contact and minimize community transmission of Covid-19, loan applicants under CARES 2 requesting loans more than P 30.0 thousand are required to have a bank account where SBCorp will deposit the loan release proceeds.  The bank account should either be Land Bank of the Philippines or any PESONet or InstaPay participating banks.

For loan applications P30.0 thousand and below, electronic money accounts (EMA) such as GCash and PayMaya may substitute the bank account requirement.

The bank/EMA account must be under the name of the loan applicant.  Loan applicants will not be able to proceed with their online application without their bank/EMA account details.  Moreover, SBCorp will not allow a change in  bank/EMA account details during the loan release phase, relative to what is indicated in the online loan application.  

Loan applicants in CARES 2 will also be  required to submit the following during the online application:

• Three photos  of the enterprise’s operations and fixed assets, inclusive of business signage.  Image file size should be limited to less that 2 MB; and

• A 1 to 3 minutes video on the business’ operations, with the loan applicant explaining the enterprise’ products and services, buyers and suppliers, level of sales and number of employees.  For ease of uploading, the video may be cut into one minute sections.

A sub-system within the online BRS shall be provided for MSEs that are able to submit these SSS and BIR-filed documents. Those without these papers shall be evaluated via the main BRS channel.

In case the  loan applicant has an outstanding negative credit track record with any financial institution (FI) prior to the Covid-19 pandemic, an approved payment arrangement with subject FI should be first secured.  Otherwise, the loan application will be automatically denied.

Loan processing of applications of formally registered MSEs who are able to submit the following documents shall be completed in a few working days upon documents verification:

a.  Proof payment off SSS benefits of employees in the last quarter of  2019, and corresponding information on number of employees paid for; and

b.  BIR-filed financial statements for 2019, to serve as basis for volume of annual sales.  The subject financial report should indicate a positive net income.

Finally, loan applicants must ensure  the correct encoding of their first, middle and last names.  The name on the application must be the exact same name on the borrower’s government issued ID and supporting documents. Otherwise, the loan application shall be rejected.  The loan applicant will have to submit a new online application.

SBCorp is committed to deliver the much needed assistance of our MSEs as fast as we can while making sure that the barest minimum standards of our lending guidelines are observed and complied with.  This is the reason why we have further streamlined our processes towards this end.

For additional information, please contact the P3 Hotline at 8651-3333 for NCR and our toll free hotline 1800 10 651 3333 for those outside Metro Manila.


What is Pondo sa Pagbabago at Pag-asenso (P3)?

The P3 fund is designed to be lent out to micro enterprises with asset size not exceeding P3.0 million at not more than 2.5% per month all in interest rate and service charges.  This 2.5% monthly cap is an effective rate, based on diminishing balance of the principal portion of the loan.

5-6 lending imposes an interest rate of at least 20% monthly and could go significantly higher given the weekly or daily collection schedule. 



Ang Pondo sa Pagbabago at Pag-asenso (P3) ay nilikha bilang tugon sa direktiba ng Pangulong Rodrigo R. Duterte na mai-angat and micro, small and medium enterprises (MSME) sector.

Ito ay naglalayong makapagbigay ng alternatibong mapagkukunan ng karagdagang puhunan para sa maliliit na negosyante na humihiram mula sa mga “5-6” lenders.


Who are the beneficiaries of P3?

  • Any self-employed or micro entrepreneur engaged in legitimate livelihood or business activity for at least one year can borrow from P3
  • The micro entrepreneur should have a government-issued ID
  • The micro entrepreneur should have been issued a Barangay Clearance in the past 3 months
  • Evidence of micro enterprise activity for at least one year (certification by LGU and/or other government offices is acceptable among others
  • Proof of one (1) year residence


  Target ng programang ito na maabot ang mga maliit na negosyante na may    rehistradong negosyo sa baranggay, munisipyo o sa DTI na kasalukuyang   

  humihiram sa 5-6 lending. Kailangan din na ang negosyo ay mahigit isang taon na.


How much can a micro entrepreneur borrow from the program?

A microenterprise borrower may avail P5,000 up to P200,000 depending on the size of the

business and the enterprise's ability to pay.  For entreprises with at least one (1) employee,beneficiary can borrow up to P200,000.

The fund should be used for the enterprise's expansion and/or additional supplies of the business.


Mula Php 5,000 hanggang Php 200,000


Hindi tataas sa 2.5% kada buwan


How does one avail of a P3 loan?

  • The Small Business Corporation (SB Corp) partnered with at least 290 microfinancing institutions (MFIs) and/or cooperatives throughout the country where the Corporation  channels the funds allocated by the National Government for P3 (A complete list is available on the website www.sbgfc.org.ph). The micro entrepreneur will have to accomplish a loan application form issued by the MFI. He/She should have a government-issued ID, a Barangay Clearance in the past 3 months, Evidence of micro enterprise activity for at least one year (certification by LGU and/or other government offices is acceptable among others and proof of one (1) year residence.
  • Microenterprises wanting to borrow   may also visit the nearest SB Corp Desk Office, SB Corp P3 Field office. DTI Negosyo Center, DTI Regional or Provincial Offices for assistance in identifying a nearest partner MFI.


Maaring lumapit sa mga partner microfinance institutions (MFIs) o credit delivery partners (CDP) ng Small Business Corporation (SB Corp).

Ang kumpletong listahan ay maaring makuha sa www.sbgfc.org.ph  o sumangguni sa pinakamalapit na SB Corp Desk Office o DTI Negosyo Center.


How long is the P3 loan processing?

Loans are processed within twelve (12) working days but will be reduced to six (6) days once the Fintech enabled for Loan Origination System is in use.


Labindalawang araw* (12)  pero maaring bumaba sa anim* (6) na araw sa oras na LOS system (Fintech assisted)  na ang ginagamit na systema ng pagpapa-utang.

* working days


  1. Kumpletong application form
  2. Barangay/Municipal Business Permit
  3. DTI Business Name Registration (para sa loan na lampas 50,000)
  4. Photocopy ng Government-issued ID
  5. ID picture

How/Where can I reach SB Corp. for additional details?

For more information, micro entrepreneur can visit or call the following:

www.sbgfc.org.ph or call the P3 hotline (02)8 651-3333

Department of Trade and Industry: (02) – 7 751-3330


You may also contact the nearest P3 Partner Financial Institution or P3 Provincial Coordinators. Please click the link below:

Complete List  of P3 Partner Financial Institutions (MFIs)

P3 Provincial Coordinators

SUCCESS STORIES - a collection of stories of P3 borrowers

P3 Program - Microborrowers
P3 Program - Credit Delivery Partners
P3 Program - Leah Dinglasan (KIA/WIA Program)
P3 Program - CRIF Philippines
P3 Program - Aranque Stall Holders Development Cooperative
P3 Program - Barangka Credit Cooperative
P3 Program - LFCI-KPP Kasanib sa Pag-abot ng Pangarap, Inc.
P3 Program - Tatay Oly