Financing Programs

Program Title:   Export Trade Financing
Program Objective: To provide pre and post shipment working capital via EXPORT ADVANCE LOAN (EAL) and EXPORT BILLS PURCHASE (EBP).

Eligible Borrowers:

• Exporters (direct/indirect) of various industry sectors (furniture, gift, toys, housewares, Christmas decors, garments, fine jewelries, and food among others) whether single proprietorship, partnership or corporation

Loan Purpose: working capital requirement for pre and post shipment

Terms/Requirements:

• Amount: Up to 70% of Letter of Credit (L/C), Purchase Order (PO), Sales Confirmation (SC), Pro Forma Invoice (PI), Placement Memorandum (PM)
• Interest Rate:
  • Bangko Sentral ng Pilipinas (BSP) Rediscounting Rate up to 90
  • days.
  • Prevailing Trade Rate for over 90 days
• Maturity / Repayment: LC expiry date/15 days after shipment date for PO, SC, PI, PM
• Security:
  • Real Estate Mortgage (REM), Chattel Mortgage (CHM)
  • Guarantee Cover thru Small Business Corporation or thru Philippine Export-Import Credit Agency (PHILEXIM)
  • Continuing Suretyship of Principal Owners
  • Post dated checks (PDCs)

Program Partners/Conduit:

• Rediscounting – Bangko Sentral ng Pilipinas (BSP)
• Guarantee – SB Corporation, PHILEXIM

Contact Details:

Export and Industry Bank
Export Bank Plaza, Export Bank Drive Corner Chino Roces Avenue, Makati City
Luellia E. Cayas – Business Manager
Phone: 878.0200
e-mail:   lecayas@exportbank.com.ph