Special Financing Assistance to Small and Medium Exporters (SFA-SMEx)
Program Title: Special Financing Assistance to Small and Medium Exporters (SFA-SMEx)
program Objective: To provide adequate funds for the financing requirements of small and medium exporters endorsed by the PhilExport and Foreign Buyers Association of the Philippines (FOBAP).
Eligible Borrowers: Small and medium exporters which meet the following criteria:
- Either sole proprietorships, Partnerships (100% Filipino-owned), and Corporations (at least 60% Filipino-owned)
- With asset size of above P3.0 Million up to P100.0 Million, excluding the value of the lot where the business is located
- Engaged in trading business
Loan Purpose: Working Capital
Terms/Requirements:
Amount: Minimum of P500.000.00 and Maximum of P3.0 Million (may be increased to P5.0 Million on a case-to-case basis)
Interest Rate: Based on prevailing market rate
Maturity / Repayment: Maximum of 180 days but not to exceed the latest expiry date or the latest shipment date of the Letter of Credit (LC) or Purchase Order (PO), whichever is earlier
Security:
- Notarized assignment of proceeds of irrevocable/transferable LC and confirmed PO
- Only LCs and confirmed POs cleared by FOBAP shall be accepted; Execution of JSS by the President and Treasurer of the Corporation
- Postdated Checks (PDCs) to be issued by the borrower exporter
Program Partner: Foreign Buyers Association of the Philippines (FOBAP)
Contact Details:
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
Sep 6th, 2009 at 4:20 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