Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industry (DTI) announced today the launching of its Purchase Order Financing for micro, small, and medium enterprises.

The Purchase Order Financing program aims to provide accessible funding to MSMEs, enabling them to serve purchase orders and meet high or growing consumer demands that will sustain their business growth.

MSMEs operating for at least one year and have successfully served a minimum of 3 purchase orders within the past 2 years are eligible to loan.  These businesses may borrow up to 80% of the indicated value in their Purchase Orders.

SBCorp offers loan amounts of P 30.0 thousand up to P 20.0 million, with only a 1% monthly interest rate. Built into as one of the superior features of the program is an increasing credit line of up to P20.0 million, and the option of multiple drawdowns against the approved credit limit. Loan terms are 30 days up to 360 days.

Short-term capital financing is available to MSMEs with purchase orders from domestic and foreign buyers under the following categories, among others,: Top 5,000 Corporations of the country; Industry Anchor Firms and Franchisors; and Foreign companies importing products from registered Philippine Companies.

The new financing program bolsters the collaborative efforts of the trade sector and SBCorp to bridge the financial gaps in the MSME segment. The trade secretary reaffirms SBCorp’s mission to empower more MSMEs to succeed.

SBCorp. accepts loan applications through the Borrower Registration System (BRS) portal at https://brs.sbcorp.ph.

Loan applicants are required to submit a Barangay Certification for loans up to P100,000. For loans exceeding P100,000, a Mayor’s Permit or a Barangay Micro Business Enterprise (BMBE) Certificate is necessary. Additionally, a government-issued ID, proof of bank account, and any relevant corporate documents including Proof of Sales (as applicable), are needed.