Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

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