The Small Business Corporation (SBCorp) announced today the official launch of its new mobile application, SBCorp Money, marking a major step forward in digitalizing access to financing for micro, small, and medium enterprises (MSMEs) nationwide.
SBCorp Money replaces the corporation’s previous web-based loan application and evaluation system with a more secure and seamless platform. Notably, the app integrates a PhilSys-enabled electronic Know-Your-Customer (e-KYC) process, made possible through SBCorp’s partnership with the Philippine Statistics Authority (PSA) and in cooperation with the Department of Information and Communications Technology (DICT).
“This shift to PhilSys-enabled e-KYC simplifies the onboarding process for our clients and enhances security by verifying identities using national ID data,” said Robert C. Bastillo, President and CEO of SBCorp. “It’s part of our commitment to make financing more accessible, efficient, and secure for MSMEs across the country.”
Department of Trade and Industry (DTI) Secretary Ma. Cristina Aldeguer-Roque welcomed the launch, stating: “Digital tools like SBCorp Money are crucial in empowering MSMEs to thrive in a modern economy. By leveraging PhilSys, we are making financial services faster, safer, and more inclusive for entrepreneurs nationwide.”
Key advantages of the SBCorp Money mobile app include:
- Simplified Registration: Fast and secure e-KYC using PhilSys credentials
- Faster Loan Processing: Streamlined digital workflows reduce turnaround times
- Convenience: MSMEs can apply for loans, track applications, and receive notifications, all through their smartphones
- Enhanced Security: National ID integration strengthens data protection and reduces identity fraud risks
SBCorp emphasized that the launch of SBCorp Money aligns with the Philippine Development Plan’s goal of expanding digital financial inclusion and supporting MSME recovery and growth.
The app is now available in Google Play Store and Huawei AppGallery and is expected to benefit MSMEs seeking affordable and timely financing.
About SBCorp:
The Small Business Corporation (SBCorp) is the financing arm of the Department of Trade and Industry (DTI), mandated to support the growth and development of micro, small, and medium enterprises in the Philippines through innovative financing programs and services.