Franchise Funding for SMEs
The Phillipine government has launched ‘SME Financing for Organizationally Competent and Excellent Franchise Businesses (Force)’, a lending program which will assist entrepreneurs wishing to invest in franchises which are members of the Philippine Franchise Association. The program is supported by Small Business Corp, which will provide credit access to franchisees that are not eligible to secure new or additional financing from banking institutions due to insufficient collateral or other considerations.
“The programme is designed for franchisees of franchise firms that are members of industry associations like the Philippine Franchise Association,” says Department of Trade and Industry Undersecretary for SME (small and medium enterprises) Development Zorayda Amelia Alonzo, who is also Chairperson of Small Business Corp. “Along with other components of the SME agenda, this is our way of encouraging more aspiring entrepreneurs to go into franchising.”
Program Description
A direct lending facility of Small Business Corporation which aims to support various players in the franchising industry, including franchisors, franchisees and suppliers of franchisor-firms. The franchise concept may either be homegrown or international and must be a member of an SBGFC partner industry association.
Type of Facility
- Term Loan
- Transactional or One-year Credit Line
Eligible Borrowers
- Start up or expanding franchisee
- Start up franchisor
- Expanding franchisor
- Supplier of franchisor-firm
Loan Amount
- Minimum of P200,000
- Maximum of P10 Million
- Must not exceed 70% of the project cost
Purpose of Loan
- Fixed Asset Acquisition
- Building construction/improvement
- Equipment/vehicle acquisition
- Lot acquisition (limited to 25% of total loan)
Working Capital
Repayment Term
- Term Loan is maximum of 5 years, with up to one year grace period
- Transactional or One-year Credit Line up to 180 days term per drawdown
- To be amortized monthly or quarterly
Contact Details
Head Area Office
SB Corporation
17th & 18th Floors, 139 Corporate Center
139 Valero Street, Salcedo Village, Makati City, 1227 Philippines
Tel. Nos. (632) 751-1888 Fax No. (632) 813-5726
Visayas Head Office
Contact Person: Mr. Cesar Antoni
Unit 802-B Keppel Center, Cebu Business Park
Cebu City, Philippines
Tel. Nos. (032) 232-1200 Fax No. (032) 234-4500
Email: cantoni@sbgfc.org.ph
Mindanao Head Office
Contact Person: Mr. Alexander Bataller
2nd floor, Mintrade Building, Sales corner
Monteverde Streets, Davao City, Philippines
Tel. Nos. (082) 221-1488 Fax No. (082) 221-0858
Email: abataller@sbgfc.org.ph
Cagayan De Oro Desk Office
Contact Person: Mr. Marlon Tapongot
c/o DTI Region 10 Office
Corrales cor. Luna Sts., Cagayan de Oro City, Philippines
Tel. Nos. (088) 231-5703 Fax No. (088) 231-5703
Email: mtapongot@sbgfc.org.ph
Luzon Head Office
SB Corporation
(Bicol Desk Office)
Contact Person: Ma. Edena Diez
FEDMACSI Building
Panganiban Drive, Naga City, Philippines
TeleFax No. (054) 4739975
Email: mdiez@sbgfc.org.ph
For more info, visit sbgfc.org.ph
Dec 2nd, 2008 at 1:43 pm
I would like to apply for a financial assistance by way of credit line to start a small business in the wholesale of beer and softdrinks. I have the knowledge in the said line of business because presentlt I working with a company which is engaged in the dealership of the above product line. I hope you can help to start my own business to upgrage my family’s living condition. Thank you.
Jan 15th, 2009 at 3:17 pm
Sir / Madamme,
I am an agent of insurance company. My income is still not sufficient enough for my family. So I decided to have a business. However due to financial constraint, there’s no enough funds for me to put up one.
I look into franchising (like Netopia or aquabest) but there’s higher cost of franchise fees. I hope you can help me to start my own business through acquiring a franchise of Aquabest or netopia.
Thanks a lot!
Jan 15th, 2009 at 3:50 pm
here’s my email ad po. port_barton@yahoo.co.uk
thanks again!
Feb 17th, 2009 at 10:43 am
Hi,
I’m a displaced private employee and I’m finding ways on how to start my own business and I see franchising is the best option available but I don’t have capital to start one. Can you help me? My preference is internet cafe and food carts.
Would appreciate your help.
Sincerely,
emalyn
Feb 20th, 2009 at 10:39 pm
Hi, i want to start up my own business but unfortunately i dont have capital,can u help me 2 get a loan up to 180,000? Hope u could help me tnx a lot.
Apr 15th, 2009 at 3:15 pm
Hi sir/madam,
let me introduced myself I am Michael R. Mapiscay 32 years of age, presently living in Mandaue City Cebu Philippines. I am a private employee for almost 8 years but I’m not satisfied with my income and while I’m fighting the financial crisis I’m lucky that I have a job but i’m looking for the future but it is not new to me its my dreams to have a small own business I already had photocopier and I.D. Lamination with snack house very small cart and I want to have INTERNET CAFE i already had space to be used if you grant me.
sir/madam, please help me to start my small business. based on my feasibility study i can start even 6 computers and I need 180,000.00 to 200,000.00 please help me how to avail a loan as a new entrepreneur, please help me to to start a business.
thank you very much and have a nice day……
Best regards,
Michael R. Mapiscay
cel. no. 0908-9983070
email add: mich_mike88yahoo.com
Jul 3rd, 2009 at 5:29 pm
Sir / Madamme,
Hi!
I’m a private employee.My husband & I owned an L300 van as a school service.We’re planning to also have a franchise business but we dont have enough capital for it. We’re planning to venture on a ZAGU Franchise or a Laundry shop..
Please help us how to avail a loan.
Hoping you could help us..
Thank you!
Jul 14th, 2009 at 1:22 pm
Dear Sir / Madam,
I would like to start an organic farming. Around 1Hectares will do as a start. Kindly advise requirement on how to avail of your lending program. Thank you and More Power!
Ms. Teresita Davoy, we have L300 van, and we would like to use it as a school service. Appreciate if you could give me some info and details on how to start said school service business. Below is my complete contact details. Hope to receive your kind feedback. Many thanks in advance for the support and assistance.
Sincerely yours,
Marivic Cruz
Pandacan, Manila
Office Tel# 301 0298
E-mail add: mybebe0214@yahoo.com
Aug 12th, 2009 at 6:16 pm
Greetings of peace,
I’m presently on a dealership bussiness ( gas station operatot/ dealer) here in our locality specifically
in South Cotabato. We”re planing to Expand line of business by openning onother one on the neighboring town.however it would again entail us huge capitalization for the said project.Please refer me to the right fincial institution that could meet my requirements.Thank you and anticipating yourhelp on this concern the soonest. More power & God Bless!!
Jess email.powertelconstruction@yahoo.com
Tel.no. 082 2283962
Mobile no. 09215604870
Aug 22nd, 2009 at 12:39 pm
Hi,
Good Day!
I want to start a franchising business but I don’t have enough capital for it.
Please advise how to avail the loan in your institution?
Thank you very much
Regards,
Rhose
Aug 31st, 2009 at 12:53 pm
Hi. I would like to inquire on how to avail your loan. I am planning to put up a franchising business but unfortunately my cash in hand is not enough to put one. Please advise. Thanks!
Sep 6th, 2009 at 3:52 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…
CONTACT INFO: 09187981011 OR email@ buz_man_6900@yahoo.com
Oct 21st, 2009 at 12:42 pm
Dear Sir/Ma’am,
I am presently working in a reputable company but I wanted to venture in franchising, however I do not have adequate funds to start the business. Please advise what I am suppose to do to acquire a loan?
Nov 1st, 2009 at 8:54 pm
If you want to start a business or having an existing business and you want to avail a loan. The following documents must be prepared:
* Project Feasibility Study of the proposed business or exisitng business
* Business Name, Business Permits (Mayor, Brgy, BIR, etc)
* Collateral(Real Estate)
– Title
– Tax Declaration
– Tax Reciepts
– Tax Clearance
– Location Map, Boundary Survey
* Market Contract
* Letter of Intent
I am engaged in consultancy services and I can assist you in facilitating the requirements of your loan
You can contact me at 09085946641/09277922945 Dario Quitan
or email me at dcquitan@yahoo.com