Small Business Corporation in the Philippines

Small Business Corporation (SBCorp) is the result of the merger between the Small Business Guarantee and Finance Corporation (SBGFC) and the Guarantee Fund for SMEs (GFSME), under Executive Order No. 98 issued in November 2001. SB Corp’s focus is to provide access to finance, financial management and capacity building to MSMEs. It has several programs […]

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Interest rate 0.5% - 20%
Loan tenure from 3 to 36 months
Approval duration Up to 240 hours
Min. monthly income1

Small Business Corporation (SBCorp) is the result of the merger between the Small Business Guarantee and Finance Corporation (SBGFC) and the Guarantee Fund for SMEs (GFSME), under Executive Order No. 98 issued in November 2001. SB Corp’s focus is to provide access to finance, financial management and capacity building to MSMEs. It has several programs for the MSME market: wholesale lending to smaller financial institutions, cooperatives and foundations; retail or direct lending to micro, small and medium enterprises (MSMEs); and guarantee programs for larger banks to cover MSME loans without collateral or with insufficient collateral. SB Corp also provides financial management and capacity building for rural banks (RBs) with its (SB Corp) Borrower Risk Rating (BRR) System program.

Loan facility for Micro enterprises

Interest rates: 0.5% per month
Minimum loan amount: 10 000 PHP
Maximum loan amount: 200 000 PHP
Payment terms: a grace period on payments will be given to borrowers until such time the Covid-19 crisis has abated
Approval time: 5- 21 banking days

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Loan facility for Small enterprises

Interest rates: 0.5% per month
Minimum loan amount: 100 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: a grace period on payments will be given to borrowers until such time the Covid-19 crisis has abated
Approval time: 7 – 14 banking days

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Pondo sa Pagbabago at Pag-asenso (P3)

Interest rates: 1.5% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 200 000 PHP
Payment terms: Up to 12 months
Approval time: 6 – 12 banking days

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MSME loan

Interest rates: 2% per month
Minimum loan amount: 200 000 PHP
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 3 years
Commitment Fee: 4 000 PHP
Approval time: 6 – 22 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱10000
Max. financing amount Up to ₱1000000
Min. loan tenure 3 months
Max. loan tenure 36 months
Interest rate 0.5% - 20%
Approval duration Up to 240 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 3 months 4 months 5 months 6 months 36 months
LOAN AMOUNT ₱500000 ₱500000 ₱500000 ₱500000 ₱500000
FEE 0.5% 0.5% 0.5% 0.5% 0.5%
INTEREST AMOUNT ₱625 ₱833 ₱1042 ₱1250 ₱7500
TOTAL REPAYMENT ₱500625 ₱500833 ₱501042 ₱501250 ₱507500

Other Requirements

Need to open linked banked account? Yes

FAQ

Micro and small businesses operating for at least one year until March 2020, whose businesses suffered a sharp decline in sales during Covid-19.

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Microenterprises are defined by the size of assets that do not exceed 3 000 000 PHP.

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Small businesses are defined by the size of assets that do not exceed 10 000 000 PHP.

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