Easy Pondong Pang-Asenso (EPPA)
Program Title: Easy Pondong Pang-Asenso (EPPA)
Program Objective: To provide financing to small entrepreneurs to set up, sustain, expand or improve their business with easier collateral requirements and simpler documentation procedures.
Eligible Borrowers/Projects: Sole Proprietorships, Partnerships (100% Filipino-owned), and Corporations (at least 60% Filipino-owned) which meet the following criteria:
- Engaged in manufacturing, agribusiness, processing and services (including trading & merchandising); and,
- With asset size of above P3.0 Million up to P100.0 Million (excluding the value of the lot where the business is located).
Loan Purposes: Working capital and fixed asset acquisition (except lot acquisition)
Terms/Requirements:
Amount: Up to 80% of the total project requirement
Interest Rate: Based on prevailing market rate.
Maturity / Repayment:
- Credit Line – one year availability, renewable
- Term Loan – based on cash flow of project/s financed with maximum of two (2) years grace period on principal payments
Security:
- Real Estate/Chattel Mortgage (REM/CHM)
- Hold-out on Deposits
- Assignment of Receivables and/or Inventories
- JSS of Principal Stockholders/Officers
- Guarantee cover from Small Business Corporation (SB Corporation), if required
Contact Details:
Land Bank of the Philippnes (LBP)
1598 M.H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila
Program Management Department (PMD)
Phone: (632) 522.0000, (632) 551.2200 locals 2650, 2589
Direct Line: (632) 405-7309 «(632) 405-7427
Fax: (632) 528-8541/42/43
Email: sme-pmu@mail.landbank.com
Jan 22nd, 2009 at 4:29 pm
I want to expand my Hair salon and Spa business how can i avail for a financial assistance..This is a sole proprietorship..
Jan 26th, 2009 at 10:09 am
Greetings!
gusto ko magsimula ng bakery business papaano ba ako makakakuha ng start up capital.kumpleto na ako sa bakery equipment kailangan lang ng capital.
more power and God blees.
Jan 28th, 2009 at 2:57 pm
Greetings.
I want to put up a meat shop but i have no capital fund. May I know what financial assistance I could avail in firm. Thanks in advance
Jan 31st, 2009 at 9:07 pm
I want to sell frozen food products but i dont have enough capital, i have available freezer and potential market here in q.c. Please help us. Thanks!
Apr 14th, 2009 at 8:30 am
Good day!
I want to put up a School service but i have no capital fund for Service vehicle and franchising. Can you help me for this matter?
Best Regards…
Apr 16th, 2009 at 6:07 pm
I just wonder f u have Purchase Order Financing.
I have PO’s which i cannot serve bcoz of lack of capital.
I dont have assets formy cash flows is very limited.
Ive been into this business for almost two years now.
Unfornately,cannot expand for i really dont have the capital.
Hope i can hear from u the soonest possible time.
More Power
God Bless
Apr 17th, 2009 at 10:09 am
Ms. Callorina, our bank offers PO financing. please call me 8450835
Apr 27th, 2009 at 6:51 pm
Can you help me if I want to set up gasoline station in my place?
Apr 28th, 2009 at 9:28 am
Mr. Matibag, maybe we can help you. please call me at 8450835 or 8450834. bank of florida, inc.
May 15th, 2009 at 5:07 am
we have small scale swine farm and a 7 hectares land for rice farming, we want to expand. we want to buy a transport vehicle like elf or canter. is thir someone can help me how to make a loan and where can i loan? thanks
May 15th, 2009 at 8:01 am
Hello Lourence, I might be able to help you. Please give me a call, we have various financial package to help you in your business needs. I work in a bank. Call me 8450835/09209135233.
Jun 4th, 2009 at 5:47 pm
Gusto ko pong dagdagan ang aking palaisdaan tilapya (fingerlings) nais ko pong mag loan for 300,000.00 ano pong bangko ang puede ko pong dulugan para sa aking loan.nananawagan po ako , salamat
Jun 11th, 2009 at 3:04 pm
Good Day,
Im planning to put up a small candy manufacturing this July,How to market of my product is not a problem becoz it has a ready marketing clients, but i need additonal capital for the purchase of some of the ingredients and equiptments..Hope somebody out there can help me find a financing institution so that i can start the operation asap. feel free to contact me at 09196808637. Thanks
Jul 18th, 2009 at 2:19 am
Good Day!
May I know if this covers loan for a cooperative with 400 members. We want to expand our operation in Cooperative Stores and in Alkaline Water Refilling Stations. We have already the venues but we need additional capitalization to start in our twelve satellites/branches. Hope you can help us. More power.
Aug 8th, 2009 at 3:38 pm
gud day,gusto ko po sanang mag tuloy tuloy ang ink refill business ko..but the problem is,kulang ako ng capital..please tell me how can i lend an extra capital for my business..thanks and gud day..
Aug 10th, 2009 at 1:02 pm
Sir/Madam:
I manufacture concrete epoxy use for patching of cracks and potholes on concrete pavement, as a manufacturer, I need to purchased machinery equipment and delivery truck, may problem is I am short of capital, please advise me on how can I avail a long term loan for additional capitalization and for the purchased of the said equipment…Thanks and more power.
Aug 12th, 2009 at 6:47 pm
Good day Sir:
I,m planning to expand our line ob business here in our locality.We’re on a GAsoline service station dealership and contemplating to open onother one on the neighboring town for I’ve seen the potential in the area, however It would again entails us huge capital for the equipment procurement,land advance rental,site development and tanker hauler.. Please refer me to as what proper financial institution that could help me avail of loan for the above project. Thank you & God Bless!! Jess Lebanan
Email:powertelconstruction@yahoo
Tel. 083 2283962
mobile:09215604870
Aug 14th, 2009 at 11:59 pm
Sir/Madam:
Our business was composed of displaced workers from garments factory located at the Economic zone of Rosario Cavite. We are into this business for 1 year now but the factory that we are working for that shutdown last December 2008, was related into garments industry for 13 years. We are the one of the high quality makers of ladies underwears, lingerie, night wears and ladies knit wears. Actually our company participated with the PEZA Tradefairs for 6 consecutive years, we manage to join on the said event last year and the return of the invest was very good. My group wanted to join once again the the said event but unfortunately we dont have enough fund to buy our raw materials and sustain the compensation of 20 employees. How can I avail loan program using our 12 units of industrial sewing machines automatic and special sewing machines as collateral and we also have 1 unit of L300 van model 2001 acquired. We only have 2 months to prepare for the said occasion and we want to pay our loan for 2 – 3 months maximum only since bazaar events has its peak from the month of Oct-December. Hope anybody will find this mail interesting to help us to look for enough funds for our garments production.
Thanks and more power.
Mona Fe P. Songcaya
09206328361
046 8850323
monaparrenas@yahoo.com
Sep 6th, 2009 at 3:34 pm
any gov. agency can help us or give us an idea to finance our project in housing … one of my relative own a 2500 sqm. lot and its vacant as of this time now we are planing to buy this property to sub divide it and build our own house in this area … we are compose of 20 pilipino who are planing to buy and have this property and we are willing to settle the terms of payment in 2 to 5 years to some gov. agency who finance our project.. small comunity housing …. hope any one here can give us an idea how we canget the suficient fund to build this small comunity dream possible. this project is costing around 2 million pesos only to buy the property and sub divide it and documentation needed. your not just helping us but it also helping pilipinos home less to have their own property. more power to all goverment agency in the philippines…
Sep 9th, 2009 at 9:28 pm
good evening, I’m trying to find a solution to this problem: a small businessman is in need to acquire a P7 – 9 million low interest loan legally but has no asset to serve as his collateral.. can your financing programs give me a solution to this? thanks
Sep 9th, 2009 at 9:29 pm
gud day, im into trucking bussiness i had two units and i’m still paying for my ten wheeler so cash flow is limited. i am starting another bussiness which is buy and sell of export commodities i already have a buyer and a positive suppliers i just need a very small capital to start it up.any idea where to seek help?
Sep 12th, 2009 at 6:39 pm
i want to start up of a small eatery in our place, but im lack of capital, i just need 10 to 15 thousands to run the eatery.. can u help me with this matter???
Oct 9th, 2009 at 12:52 pm
Hi Im an ex OFW but unfortunately got retrenched due to Global Economic crisis. So I decided to start up with a small business to have an income. How can I avail this loan?