RISE UP TINDAHAN is a loan product for micro, small, and medium enterprises (MSMEs) in the retail food market’s value chain that are in the supply chain of an SBCorp-accredited Fast Moving Consumer Goods (FMCG) food manufacturer/producer/supplier.
What are the products and who are qualified to borrow?
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Micro Tindahan – for sari-sari stores with FMCG accreditation
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SME Tindahan – for Retail stores, dealers and distributors with FMCG accreditation
Eligible Loan Applicants
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Must be 100% Filipino-owned for sole proprietorship or partnership or at least 60% Filipino-owned MSME for corporation;
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Must have an asset size of not more than P100Million (exclusive of value of land)
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Must have been participating in the supply chain together with an SBCorp- accredited FMCG company for at least one (1) year. For loan availment of more than P1.0M under RISE UP SME Tindahan, enterprise must be participating in the supply chain for at least three (3) years
Must have no past due account/s under any of SBCorp lending program
MICRO TINDAHAN
Maximum Loanable Amount |
Up to PhP 300.0 thousand |
Basis of Loan Amount |
40% of annual sales with FMCG |
Loan Term |
Payable monthly up to three years inclusive of grace period |
Grace Period |
Maximum of 12 months (3,6,9 or 12 months options); PRINCIPAL ONLY |
Interest Rate |
10% p.a. Interest Rate based on diminishing balance exclusive of DST |
Requirements |
Government-Issued ID;Barangay Business permit for loans up to 100T; BMBE Certificate or Mayor’s Permit for loans more than 100T; Pictures and video on business operations and asset; Corporate documents, if applicable ; and FMCG Reference Number |
Business Track Record |
At least one year with FMCG |
SME TINDAHAN
Maximum Loanable Amount |
Up to PhP 5M |
Basis of Loan Amount |
40% of annual sales with FMCG for retail stores 15% of annual sales with FMCG for dealers and distributors |
Loan Term |
Payable monthly up to three years inclusive of grace period |
Grace Period |
Maximum of 12 months (3,6,9 or 12 months options); PRINCIPAL ONLY |
Interest Rate |
8% p.a. Interest Rate based on diminishing balance exclusive of DST |
Requirements |
Government-Issued ID;Mayor’s Permit; Corporate documents (i.e. Secretary’s Certificate); Pictures and video on business operations and assetFMCG Accreditation Number; and Proof of Asset Size not exceeding PhP 100M |
Business Track Record |
At least one (1) year with FMCG; For loan amount above P1.0 million, at least three (3) years with FMCG |