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 […]
Visit siteSmall 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.
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
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
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
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
Min. financing amount | ₱10000 |
Max. financing amount | Up to ₱1000000 |
Min. loan tenure | 3 days |
Max. loan tenure | 36 days |
Interest rate per day | 0.5% - 20% |
Approval duration | Up to 240 hours |
Debt consolidation | Yes |
TERM | 3 days | 4 days | 5 days | 6 days | 36 days |
LOAN AMOUNT | ₱500000 | ₱500000 | ₱500000 | ₱500000 | ₱500000 |
FEE PER DAY | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% |
INTEREST AMOUNT | ₱7500 | ₱10000 | ₱12500 | ₱15000 | ₱90000 |
TOTAL REPAYMENT | ₱507500 | ₱510000 | ₱512500 | ₱515000 | ₱590000 |
Need to open linked banked account? | Yes |
Micro and small businesses operating for at least one year until March 2020, whose businesses suffered a sharp decline in sales during Covid-19.
Send an applicationMicroenterprises are defined by the size of assets that do not exceed 3 000 000 PHP.
Send an applicationSmall businesses are defined by the size of assets that do not exceed 10 000 000 PHP.
Send an applicationFull company name | |
Address | |
Phone number | |
Social networks |