Maximum Loanable Amount

Up to P800.0 thousand per borrower

Basis of Loan Amount and Processing

Up to 50% of approved loan amount prior to Typhoon Odette or up to 100% of approved loan amount prior to Typhoon Odette, if the loan has already been fully paid.

Loan Term

Payable monthly up to three (3) years.  Repayment shall start after maturity of the existing loan

Interest Rate

6.0% interest rate per annum based on diminishing balance excluding Documentary Stamp Tax which shall be for the account of the borrower

Requirements

No need for submission of additional documents, except for online loan registration and application for the new loan.

Maximum Loanable Amount

Up to P300.0 thousand per borrower

Basis of Loan Amount

Up to 50% of the value of damaged inventory and/or fixed assets of the business, as assessed by SBCorp Account Officer based on virtual project interview, but not to exceed P300,000.

Loan Term

Payable monthly up to three years, inclusive of up to 12 months grace period

Interest Rate

6.0% interest rate per annum based on diminishing balance excluding Documentary Stamp Tax which shall be for the account of the borrower

Requirements

Barangay Permit in 2021 for loans not more than 50T; or Mayor’s Permit in 2021 for higher loans –  or certification by DTI or by LGU in case of lost documents

Maximum Loanable Amount

Total loan shall not exceed P5.0 million per borrower, inclusive of existing loan

Basis of Loan Amount

Up to 50% of value of damaged inventory and/or fixed assets of the business –  as assessed by SBCorp Account Officer based on virtual project inspection and interview :  unless a lower loan amount is requested by the borrower.

Loan Term

Payable monthly up to five (5) years, inclusive of grace period of up to 24 months

Interest Rate

Based on existing Bayanihan CARES service fee structure of  4-10% depending on the loan term.

Requirements

For new borrowers, Barangay Permit in 2021 will be required for loans not more than 50T; or Mayor’s Permit in 2021 for loans more than 50T, along with the DTI permit. In case documents were destroyed  by the typhoon, a certification by the DTI or by the LGU that the business was registered will suffice.

In addition, for loans exceeding P300,000,  will require the following:

a.    2020 BIR-filed Financial Statement (FS); and

b.    One (1) minute video showing the financial condition of the business

c.     Three photos showing the damages to movable, perishable and fixed assets

d.    General Information Sheet (GIS) from corporations and Articles of Partnership for  partnerships