This program is intended as emergency fund for working capital to finance the financial impact on MSMEs, including damages to fixed assets, inventories, operational disruption, and revenue loss.
| GENERAL LOAN FEATURES | |
| LOANABLE AMOUNT |
New and existing SB Corp borrowers can loan up to PhP 300.0 thousand |
| INTEREST RATE |
0% for first year 1% per month for second and third years |
| LOAN TERM |
Payable monthly for up to three (3) years |
| GRACE PERIOD |
Inclusive of a 3-month grace period |
Who are qualified to borrow?
Open to all MSMEs with business operations in areas declared to be under the State of Calamity by NDRRMC
Documentary Requirements*
- Government-issued ID of the sole proprietor/ Managing Partner/ President CEO
-
Mayor’s Permit/ Barangay Micro Business Enterprise (BMBE) Certificate for loans more than PhP 100K; or Barangay Certification for loans up to PhP 100K
-
Bank or e-money account details (must be under the name of the sole proprietor, partnership, or corporations)
- Other Documents:
- Secretary’s Certificate or Board Resolution or Partnership Resolution re: authorization to borrow, where the President/CEO/Managing Partner is the principal borrower
- Latest General Information Sheet (for corporations) or Articles of Partnership (for partnerships)
*No documents will be required from existing SBCorp borrowers with good repayment status
SBCorp is accepting applications through the loan portal at https://brs.sbcorp.ph