ADVISORY No. 4
OPENING OF THE MICRO MULTIPURPOSE LOAN PROGRAM
If you are a microenterprise and would like to avail of a business loan of up to PhP 300,000.00, you may now apply for the RISE UP Micro Multi-purpose Loan online.
How to apply?
- Go to https://brs.sbcorp.ph and log in or create an account;
- Click “Apply for a Loan”;
- Choose RISE UP Micro Multi-Purpose Loan among the available loan programs in the system;
- Accomplish the registration form and upload the documentary requirements;
- Click “Submit” to finish the application process.
What are the requirements?
- Government-issued ID;
- Barangay Certification for loans not more than 100T;
- BMBE Certificate or Mayor’s Permit for loans more than 100T;
- Photos and video of business operations and assets;
- Corporate documents, if applicable.
The RISE UP Micro Multi-Purpose Loan is payable monthly up to three (3) years with grace period of up to twelve (12) months on the principal only with 12% per annum interest rate based on diminishing balance.
For your queries, you may send a separate email at communicationsteam@sbcorp.gov.ph.
If your loan requirement is more that PhP300,000.00 please wait for the Rise UP SME Multi-Purpose Loan which will be available on the same loan portal very soon.