24Feb/09193
SME-FLEXIBLE (Financing for Variable Business Expansions)
Program Title: SME-FLEXIBLE (Financing for Variable Business Expansions)
Program Objective: A direct lending facility for domestic enterprises to sustain, expand or improve their business operations.
Eligible Borrowers:
- Filipino-owned enterprise, in the case of corporation must be at least 60% Filipino-owned
- Asset size not less than P500,000 and not more than P100.0 Million (excluding the value of land)
- At least one year in operation
- Positive income for the past immediate year with BIR-filed net income of not less than P10,000
- Project to be financed not into farm-level agri-aqua production, extractive activities or vice-generating operations
- Latest financial ratios (based on in-house financials)
- At least 1:2 current ratio
- At most 70:30 debt-equity ratio
Loan Purposes:
- Fixed Asset Acquisition
- Building construction/improvement
- Equipment/vehicle acquisition
- Lot acquisition (limited to 25% of total loan)
- Working Capital
- Loan refinancing (except for loans from other government financial institutions)
Terms/Requirements:
Amount:
- Micro-enterprise - minimum of P200,000; Maximum of P1.5 Million
- Small Enterprise - up to P5.0 Million
- Medium - up to P10.0 Million
- Loan amount must not exceed:
- 70% of the project cost (30% must be in equity of the borrower
- 2X of networth of the borrower (based on latest in-house financial statement)
- 5X of net income of the borrower (based on latest in-house financial statement)
Interest Rate:
- Fully Secured Loans (p.a.)
- Up to 1 year - 9.5% per annum
- U to 3 years - 13.8% per annum
- Up to 5 years - 14.5% per annum
- Partially/At least 50% Secured Loans - Plus 1.0 % point
- Partially/Less than 50% Secured Loans - Plus 2.0 % points
- Additional premium on loan amounts exceeding 10x of BIR-filed net income
Service Fees (to be deducted from loan proceeds; no front-end fees):
- Evaluation Fee - 1/2 of 1% of approved loan but not less than P3,000
- Processing Fee - 1/2 of 1% of loan release
- Out-of-town processing fee
- None for Metro Manila, Cebu and Davao
- P2,000 for the CALABAR and Region 3 provinces
- P4,000 or actual air fare for the rest of the country
Maturity / Repayment:
- Term Loan - maximum of 5 years, with up to one year grace period on principal; amortization is monthly or quarterly
- Transactional or One-Year Credit Line - up to 180 days term per drawdown
Security:
- Fixed assets to be financed by the loan must form part of the collateral. In case assets to be financed cannot be collateralized as in the case of leasehold improvements, there should be a substitute collateral.
- • In case of working capital loans, must be at least 80% secured by hard collateral (real estate which may be commercial, residential or agricultural, and to motor vehicles).
Documentary Requirements Upon Loan Application:
- Accomplished business loan application form (with picture)
- Notarized Client Information Sheet
- Latest in-house and BIR-filed financial statements
- Business registration papers Applicable endorsement
- Location map of the project
Endorsement Requirement:
- DTI-Provincial Office
- SBC-accredited industry association
- No need for endorsement for enterprises based in NCR, CALABAR provinces, Bulacan, Davao and Cebu
Contact Details:
Small Business Corporation (Small Business Guarantee and Finance Corporation)
17th & 18th Firs, Antel Corporate Centre
139 Valero Street, Salcedo Village, Makati City
Direct Lending Program
Ma. Luna C. David
QIC - Finance and Guarantee Sector
Phone: (02) 751-1888
Fax: (02) 813-5726, 894.1677
Email: ldavid@sbgfc.org.ph
Recent Posts
- Wholesale Lending Window for Graduating Micros and BMBEs
- Wholesale Microfinance Program
- MFI Employees Loan Facility
- Micro-Housing Loan Facility
- Micro-Energy Credit Program
- Livelihood Development Program for OFWs
- Microfinance Eco-Enterprise Program
- Microfinance Program for NGOs and Cooperatives
- Self-Employment Assistance Program
- Microfinance Program for Rural Workers
January 26th, 2011 - 13:17
Properly said, I could not agree more with you on this concern. I feel your blog is quite well-liked on this subject judging by all the other comments posted to it. I just wanted to leave a comment to appreciate your hard work.
January 26th, 2011 - 23:08
Just few really fantastic posts on this site,thanks for contribution.
January 27th, 2011 - 10:00
While this subject may be very touchy for plenty of people, my opinion is that there should be a middle or standard ground that we all can discover. I do appreciate that you’ve additional relevant and also intelligent commentary here though. Thank you!
January 27th, 2011 - 14:48
Brilliant, thanks, I will subscribe to you RSS now.
January 27th, 2011 - 18:38
With his marketplace started seeing it definitely, To start with . to place with each other a manual to submitting jobless favourable elements. A principle had been to present you how a redundancy strategy perform, what’s the everyday is specially designed acknowledging or it could be rejecting professes, subsequent which involve articles and other content items exterior of my individual individual occasion in what high-quality hints at the same time as prevailing problems are traditionally declaring bankruptcy underneath joblessness success.
January 28th, 2011 - 06:52
[edit] PurposeComputer networks can be toughened in place of a choice of purposes:
January 28th, 2011 - 07:01
Comfortabl y, the article is really the most excellent on this deserving topic. I match in with your conclusions and also definitely will thirstily look forward to your next updates. Just saying thanks will not just be enough, for the wonderful clarity in your writing. I will certainly at once grab your rss feed to stay abreast of any updates. Fabulous work and also much success in your business enterprize!
January 28th, 2011 - 08:18
Ativan should never be shared with an extra individual, particularly someone who has a background of drug abuse or addiction. Preserve the treatment in a secure place exactly exactly where other people can not get to it. Get in touch with your medical physician if this medicine appears to quit doing work as effectively in treating your signs and symptoms.
January 28th, 2011 - 10:58
You are giving out It must be quite a lot of work to keep your blog so nice and neat! I really like the point you are making with your last paragraph.
January 28th, 2011 - 17:10
Extremely I’m sure there will be hundreds of people that appreciate this information. I’m sure all of us readers appreciate your efforts as much as me!
January 28th, 2011 - 21:25
I recently came accross your website and have been reading along. I thought I would leave my very first remark. Nice blog. I will keep visiting this website very frequently.
January 29th, 2011 - 00:53
I???ê?èm lovin???ê?è it! lol?- No, seriously, Somebody stated desigboom everyday, which is my very first comment ever. The quantity of comments is just not at all a standard of success.
January 29th, 2011 - 03:28
Very entertaining. Thank you for posting this:-)
January 29th, 2011 - 17:14
information and facts I will bookmark this and keep an eye on updates. This is my very first comment, I think I like this!
January 30th, 2011 - 21:07
I like reading blog posts, and when I stumbled upon to this weblog, it just blew me away! Hey there I mean it! Your contents are rich and I discover them very beneficial! I wish I could post like you do but I don
January 31st, 2011 - 15:14
Never thought Too bad there aren’t many blogs of this calibre today. You make a very good point in your conclusion.
February 1st, 2011 - 02:12
J Tolkein~ It does not do to leave a live dragon out of your calculations if you live near him.
February 1st, 2011 - 03:15
Thanks for the interesting read! Alright playtime is over and back to school work, time to say goodbye to SME-FLEXIBLE (Financing for Variable Business Expansions) Financing Programs.
February 2nd, 2011 - 01:34
appreciated your article. more quality like this on the internet figured topics they are obviouslyhttp://hersolutionrevealed.com/hersolution-review
February 2nd, 2011 - 03:42
Ha, Not definite anyone will get this but I quite quite a bit concur with you.
February 2nd, 2011 - 20:18
i know this just isn’t exactly on subject, but i have a blog using the blogengine platform as well and i???¨º?¨¨m having issues with my comments displaying. is there a setting i’m forgetting? perhaps you could support me out? thank you.
February 3rd, 2011 - 05:43
text goes here.,..
February 3rd, 2011 - 08:18
I cant find your rss or atom, how do i subscribe into it?
February 3rd, 2011 - 10:06
This is often a smart blog. I mean it. You’ve got so much knowledge about this concern, and so significantly passion. You also know the best way to make individuals rally behind it, clearly from the responses. Youve got a design here thats not too flashy, but makes a statement as huge as what youre saying. Excellent job, indeed. wajadud555
February 3rd, 2011 - 13:09
Keep working ,terrific job!
February 3rd, 2011 - 15:55
that you have been making here I appreciate you taking time to share such valuable information. You make a very valid point right at the beginning there.
February 3rd, 2011 - 23:30
Couldn???ê?èt be written any far better. Reading this post reminds me of my old room mate! He usually kept talking about this. I will forward this post to him. Pretty confident he will have a great read. Thanks for sharing!
February 4th, 2011 - 05:26
I have look for such a article for a long time, thanks a lot.
February 4th, 2011 - 09:42
I been looking to get in touch with you, you’re proper on. I clicked on your write-up from an other website and am heavily fascinated by this subject and learning this. Do you thoughts if I comment to this post from my newsletter?
February 4th, 2011 - 12:15
Aw, this was a really good quality post. In theory I???ê?èd like to write like this too – taking time and actual effort to make a great write-up?- but what can I say?- I procrastinate alot and by no means seem to get a thing done
February 5th, 2011 - 11:15
Well crafted post, nicely researched and also useful for me in the future.
February 5th, 2011 - 17:01
Anne Morrow Lindbergh~ Good communication is as stimulating as black coffee and just as hard to sleep after.
February 5th, 2011 - 17:42
Well, I do not know if that’s going to work for me, however definitely worked for you! Excellent post!
February 6th, 2011 - 11:02
Hi, pretty blog..I have futures brokers, please come visit me sometimes..
February 6th, 2011 - 15:00
Moving and powerful! Youve certainly got a way of reaching people that I havent seen very often. If most people wrote about this subject with the eloquence that you just did, Im sure people would do much more than just read, theyd act. Great stuff here. Please keep it up.
February 6th, 2011 - 23:39
Really wanted to tell you that I really enjoyed your blog, what kind of theme do you use? Is it a custom one? Mind to share with me? Thanks in advance!
February 7th, 2011 - 16:00
This post is good, whenever I just go to blogs I comes across some shitty articles written for search engines like google and irritate users but this post is very great. It can be straightforward, great and straightforward.
February 10th, 2011 - 05:12
The best treatment for hot flashes, night sweats, and other menopausal symptoms is mostly believed to be hormone therapy, which entails taking estrogen, sometimes in combination with progestin, to counteract the hormonal changes associated with menopause.
February 11th, 2011 - 05:42
You’ll find penis male enlargement methods that work and you’ll find those that don???¨º?¨¨t. The ones that do all work use these three hidden secrets of penis growth ndless to say products that don???¨º?¨¨t use any or don???¨º?¨¨t use all three.
February 11th, 2011 - 07:28
There are not many web sites with information like this man! Bookmarked!
February 11th, 2011 - 20:04
Hello! You some type of pro? Nice message. Are you able to tell me the best way to subscribe your weblog?
February 12th, 2011 - 00:05
is awesome I appreciate you taking time to share such valuable information. I don’t know if my comment is going to pop up because I’m not very tech savvy, hopefully I can get this right!
February 12th, 2011 - 05:58
OMG! I need to say, your blog has to be one of the finest written blogs that I’ve viewed in a extended time.What I wouldn???ê?èt give to be capable of publish posts that are as mind grabing| as yours. I guess I???ê?èll must keep reading your articles and pray that some day I can write on a topic with as much knowledge as you might have! Bravo!!