RISE UP  is a loan program that aims  to sustain the gains of MSMEs that have survived the past two years of crisis, by providing multi-purpose loans that have soft terms and can be easily accessed. The RISE UP Multi-purpose Loan caters multi-sectoral MSMEs inclusing existing SBCorp borrowers.

What are the products and who are qualified to borrow?

  • Micro Multi-Purpose Loan is for multi sectoral  microenterprises.
  • SME Multi-Purpose Loan Suki is for existing borrowers of SBCorp in good standing with atleast 6 months repayment track record.
  • SME Multi-Purpose Loan First Timers is for multi-sectoral SMES.

 

I. MICRO MULTI-PURPOSE LOAN

Maximum Loanable Amount

Up to P300.0 thousand

Loan Term

Payable monthly up to three (3) years

Interest Rate

12% p.a. based on diminishing balance exclusive of DST 

Requirements
  • Government-Issued ID;
  • Barangay Permit or Barangay Certification that the business has been operating at least one (1) year or BMBE Certificate of Authority or  Mayor’s Permit for loans not more than 100T;
  • BMBE Certificate of Authority or  Mayor’s Permit for loans more than 100T;
  • Photos of business operations and assets;
  • Bank account details; and
  • Corporate documents, if applicable

Business Track Record

At least one year (1) as evidenced by business permits
   
   

 

II. SME FIRST TIME BORROWERS

Maximum Loanable Amount

Up to PhP 20 million (collateral-free up to PhP 3 million)

Loan Term

Payable monthly up to three (3) years

Interest Rate

12% p.a. based on diminishing balance exclusive of DST 

Requirements
  • Government-Issued ID;
  • Valid/unexpired BMBE Certificate  of Authority or  Mayor’s Permit;
  • Pictures of business operations and asset; 
  • Corporate Documents, if applicable;
  • Bank account details; and
  • PLUS BIR-filed Financial Statement for prior year reflecting positive net income and for the previous year, for a total of two (2) years.

Business Track Record

   At least two years (2) as evidenced by business permits
   
   

 

III. MSME MULTI-PURPOSE SUKI LOAN

Maximum Loanable Amount

Up to PhP 20 million (collateral-free up to PhP 5 million)

Loan Term

Payable monthly up to five (5) years

Interest Rate

8% to 12% p.a. based on diminishing balance exclusive of DST 

Requirements
  • Proof of Sales including bank statements;
  • Proof of  Value of Asset in case of fixed asset acquisition;
  • In house Financial Statement  or BIR-filed Financial Statement (a must for loans exceeding P3.0M);
  • Proof of ownership and of government valuation of real estate asset that will secure the loan

Business Track Record

Automatically qualified, being an existing borrower of SB Corp

Collateral

Required for loans more than Php5.0 M; strictly limited to REM, to  the value of land exclusive of building improvements and to the zonal  value assigned by Government
   
   

 

For more information, you may send an email to communicationsteam@sbcorp.gov.ph.