Loans

The Economy

PhilGuarantee MSME loan guarantees grow to P2.1B as of mid-2021

The amount of bank loans of micro, small and medium enterprises (MSMEs) guaranteed by the Philippine Guarantee Corp. (PhilGuarantee) reached P2.1 billion as of June this year, allowing almost 10,000 COVID…

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The Economy

Development Bank of the Philippines inks pact with the Small Business Corporation to boost MSME recovery

State-owned Development Bank of the Philippines (DBP) has partnered with the Small Business Corporation (SB Corp.) for the establishment of a strategic client referral and management system to efficiently manage…

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Entrepreneur

LANDBANK lends P1.89-B to OFWs for business ventures

As part of its continuing support to Overseas Filipino Workers (OFWs), the Land Bank of the Philippines (LANDBANK) has approved loans worth P1.89 billion for 1,297 borrowers under the OFW…

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Entrepreneur

Terms eased for tourism business loans

The government has extended to two years the grace period for repayment of the business loans to distressed tourism enterprises under Bayanihan 2 Act, the government’s pandemic recovery program. The…

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The Economy

Development Bank of the Philippines extends P6.13-B loan to Covid-hit businesses

The Development Bank of the Philippines (DBP) has extended PHP6.13 billion in loans to enterprises badly hit by the economic shock of the coronavirus disease 2019 (Covid-19) pandemic and earmarked…

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The Economy

DTI, Small Business Corporation approve over 20,000 loans for MSMEs

The Department of Trade and Industry (DTI) through its financing arm the Small Business Corporation (SBCorp) has approved, as of 9 February 2021, a total of 21,695 loan applications under…

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The Economy

Bank lending growth eases anew in November

Preliminary data show that growth of outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, declined to 0.3 percent in November from 1.8…

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Entrepreneur

DTI-SB Corp to process 15,000 MSME loans by December

Department of Trade and Industry (DTI) Secretary Ramon Lopez said that the Small Business Corporation (SB Corp) is set to process an additional 15,000 loan applications before the year ends…

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The Economy

DOT inks tourism “CARES for TRAVEL” MSME loan program with SB Corp

The Department of Tourism (DOT) and the Small Business Corporation (SB Corp) today (October 12) signed a Memorandum of Agreement (MOA) to finalize the CARES for Tourism Rehabilitation and Vitalization…

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Entrepreneur

MSME exporters informed of bank financing options for emergency loans

In an effort to help micro, small and medium enterprise (MSME) exporters, who are in need of emergency loans, recover from the economic impact brought by the COVID-19 pandemic, the…

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The Economy

Zero interest loans, no collateral, easy terms for distressed tourism businesses

The Department of Tourism (DOT) disclosed on Thursday, September 17 some details of the loan program for tourism MSMEs that is being finalized with the Small Business Corporation (SB Corp)…

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Real Estate

Real estate loan limit increased to 25% by Bangko Sentral ng Pilipinas

To boost the real estate sector during the ongoing pandemic, the real estate loan limit for universal and commercial banks (U/KBs) have been increased from 20% to 25% by Philippine…

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Entrepreneur

Small Business Corporation opens P100M loan facility for repatriated OFWs

The Small Business Corporation (SB Corporation) has launched a P100-million loan facility for repatriated Overseas Filipino Workers (OFWs) affected by the COVID-19 pandemic. The program, Helping the Economy Recover thru…

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Entrepreneur

P1 billion Enterprise Rehabilitation Financing facility for businesses impacted by Covid-19 lockdown to be prepared by the Small Business Corporation

To provide assistance and support to micro and small businesses affected and cushion the economic impact of the spread of Covid-19 virus in the country, the Small Business Corporation is…

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Health

GSIS saves 190,000 members from loan sharks, ‘5-6’ lenders

Pasay City — The Government Service Insurance System (GSIS) has saved its 190,000 members who have fallen victims to loan sharks and ‘5-6’ lenders who offer quick financial relief but…

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Real Estate

Pag-IBIG releases record high P37B in housing loans in H1, Up 13% year-on-year

Makati City — Pag-IBIG Fund released P37.07 billion in home loans in the first half of 2019, an increase of P4.37 billion or 13 percent compared to the P32.70 billion…

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PhilGuarantee MSME loan guarantees grow to P2.1B as of mid-2021

Development Bank of the Philippines inks pact with the Small Business Corporation to boost MSME recovery

LANDBANK lends P1.89-B to OFWs for business ventures

Terms eased for tourism business loans

Development Bank of the Philippines extends P6.13-B loan to Covid-hit businesses

DTI, Small Business Corporation approve over 20,000 loans for MSMEs

Bank lending growth eases anew in November

DTI-SB Corp to process 15,000 MSME loans by December

DOT inks tourism “CARES for TRAVEL” MSME loan program with SB Corp

MSME exporters informed of bank financing options for emergency loans

Zero interest loans, no collateral, easy terms for distressed tourism businesses

Real estate loan limit increased to 25% by Bangko Sentral ng Pilipinas

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Small Business Corporation opens P100M loan facility for repatriated OFWs

P1 billion Enterprise Rehabilitation Financing facility for businesses impacted by Covid-19 lockdown to be prepared by the Small Business Corporation

GSIS saves 190,000 members from loan sharks, ‘5-6’ lenders

Pag-IBIG releases record high P37B in housing loans in H1, Up 13% year-on-year

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