The SSS Special Financing Program
Program Title: The SSS Special Financing Program
Program Objectives:
- To address the unavailability of credit facility to the business sector by making funds available through the SSS accredited conduit banks / participating financial institutions (PFIs) which will on-lend the fund to eligible borrowers;
- To encourage the formation and growth of barangay micro business enterprises; and
- To generate employment.
Eligible Borrowers:
- New or existing micro, cottage, small and medium enterprises including registered Barangay Micro Business Enterprises (BMBEs) as well as entities with asset size of not more than P200.0 Million;
- Enterprises engaged in agribusiness, manufacturing, utilities, transportation and communications, commercial production, particularly of food and basic consumer items, and products for export, trading, and service-oriented enterprises; and
- SSS member-employer of good standing.
Loan Purposes:
- Construction or renovation or expansion of building;
- Acquisition or upgrading of machinery and equipment;
- Acquisition of land; and
- Working Capital.
Terms/Requirements:
Amount: Maximum loan of P50.0 Million. For land acquisition, the loanable amount is up to 40% of its cost but not to exceed 40% of SSS loan.
Interest Rate (subject to review every five years):
- To PFI:
- 1 year – 7%
- over 1-3 years - 9%
- over 3-5 years – 10%
- over 5 years – 11%
- To End-user/ Borrower: PFI’s option.
Maturity / Repayment: Maximum often (10) years, in equal monthly, quarterly or semi-annual payments, which may include a two (2) year grace period on principal payment, if warranted. Loan to BMBEs may be amortized monthly or quarterly depending on the cash flow projections of the borrower.
Security: Any collateral acceptable to the PFIs. However, loan to BMBEs, if not secured by hard collateral, may also be secured by the Small Business Corporation (SB Corporation) Guaranty.
Contact Details:
Social Security System (SSS)
Institutional Loans Department (ILD)
SSS Building, East Avenue, Diliman, Quezon City
Phone: (02) 927.8249, 920-6401 locals 5115 or 5118
Email: marquezls@sss.gov.ph
Apr 9th, 2009 at 2:11 pm
I am an existing contract grower for Bounty Agro-Ventures, Inc., My poultry houses needs improvement, I owned the property. Can your loan program help in my financial needs?
Joel T. Ngo
SSS No.08-0901550-0
Davao City
Apr 14th, 2009 at 12:14 pm
hi i want to put up a small bussiness how can i be eligible for the loan i need an amount of 65k pesos to start up can you help me this is my e-mail add:nars8dc@yahoo.com.ph please do send me details and how about sss financing program
narciso d. cuntapay
sss no :33-6126391-0
quezon city
Apr 15th, 2009 at 12:16 pm
good day sir/madam:
hi I’m Michael R. Mapiscay 32 years of age, I would like to ask how to avail sss financing program. i had small snack food house with xerox copier but i want to and i plan to have INTERNET CAFE to help and to generate income but i don’t have enough capital to run the business.
sir/madam i need your financial help to please allow me to avail your financing program. please help me how to avail? where to go. i am a private employee of one of the company in Mandaue City Cebu Philippines.
sir/madam, I’m very much thankful if you can help me to avail the sss financing program.
best regards……
Michael R. Mapiscay
sss no. 06-1844653-5
cel. no. 0908-9983070
email add: mich_mike88@yahoo.com
Apr 20th, 2009 at 4:44 pm
Dear Sir,
How can I avail for a loan amounting to 1million for my franchising business?
Apr 22nd, 2009 at 9:23 am
DONN,
I can help you with your loan, please call me at 8450832/34/35
Erwin Olazo
Jun 8th, 2009 at 6:09 pm
I’m working with a salary of 19000/month i want to know how much the maximun loan I can get from you and how much do I pay monthly for 5 years term. I will use this for capital for my small business
Jun 30th, 2009 at 11:58 am
GOOD DAY, MA”AM/SIR
I AM PLANNING TO PUT A SMALL FOOD BUSINESS. I AM NEEDING 100K AS AN ADDITIONAL TO FRANCHISE A FOOD BUSINESS. I WANT TO KNOW WHAT ARE THE REQUIREMENTS FOR ME TO AVAIL THE SSS FINANCING PROGRAM.
Jul 13th, 2009 at 1:39 pm
Hi! I’m interested with this loan. Can I know if I am qualified to avail? Need it for expansion of my business.
Thanks and hope for your feedback the soonest!
Jul 16th, 2009 at 2:40 pm
Hi gud evening sir i am a displaced worker last jan. 2009 i put up an internet cafe and a small sari-sari store here in our place and i want to expand it to have more income to support my family i have 6 children and my small business still cannot support my family’s basic needs my husband worked in school as a clerk only. Hope you can help on how can i avail the financing program under your institution and kindly send to my email the list of requirements that i need to submitt.
Thanks and God Bless You Always!
Jocelyn P.Marcelo
SSS# 0387330972
CP# 09162088434
email add: mjocelyn98@yahoo.com
Jul 18th, 2009 at 10:09 pm
Goodday Sir:
I’m a displaced employee since Feb 2009. I’ve already put up an inter shop. I need to expand my current internet shop to add additional pc’s to support the growing requirement. How can I avail of the SSS Speial Financing Program Loan ?
I hoped for your immediate reply.
Roman Samano
SSS#: 03-7352852-3
CP#:0910-3674988
email id: romansamano@yahoo.com
Jul 20th, 2009 at 12:53 pm
Good pm. I planning to put a nail spa business. I would like to inquire what are requirements and eligibility as well as financing assistant. Please send to some information where I can study. Thank you
ROSIELYN R. VALDEZ
Aug 1st, 2009 at 8:20 pm
Good evening. I am planning to put up a small business and I need about 150 thousand pesos as an initial investment capital. How can I qualified for the program? What are the requirements? I am hoping for your reply. Thank you
Aug 7th, 2009 at 1:00 pm
Good Day Sir/Ma’am,
I would like to ask on how to avail the loan program, I’m planing to start up a Bakery Business. Hope you can help me..Hoping for immediate reply. Thanks a lot, God Bless.
Marlon S. Galang
SSS# 02-3037848-9
mobile# 0920-9249476
Aug 15th, 2009 at 7:13 pm
Hi,
I need to apply for a loan to put up a buy and sell business.
Kindly send me all the information on how I can avail of Special financing Program.
Thank you
Aug 23rd, 2009 at 11:23 am
magandang araw po,sa pagiging ordinary member po ng sss, gusto ko lang pong magtanong kasama ng aking father na siyang nagregister for me to be your member used in our business sa kung paano o kung puede ba kami magloan para madagdagan ang aming computer at mapaltan ung mga luma, sarili po namin ang puesto at dito na rin kami nakatira,ako rin po ang technician at commercialy maganda ang aming puesto kulang lang po sa puhunan,malapit po kami sa jolibee & chowking at mga kilalang school gaya ng letran calamba at canossa, 2 po sa kapatid ko ay member din ng sss
Sep 6th, 2009 at 3:54 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
Sep 9th, 2009 at 1:58 pm
Hi, i would to inquire how can i avail the loan? i am planning to have a franchise business with 350k, i was a member b4 i stop paying my contribution when i resigned from my work, right now i am a self employed. thanks for the reply.
Sep 12th, 2009 at 10:56 am
HI Im Simpson Co from Talisay Cebu, Me and my wife are planning to have a cakeshop cafe. We are in need of funding to purchase baking equipments and construction of our commissary. Kindly give me info and requirements on how to avail a loan ? Estimate needed funding around P 1.2 mil. Thank you and hoping to hear a positive respnse from your good office.
Regards,
Simpson Co
Sep 25th, 2009 at 4:34 pm
Good pm, i would like to inquire on how to avail the loan, i am planning to put up an internet cafe. How much is the maximum loan can i avail? Kindly give me info, thank you very much.
Annabelle A. Caberte
Oct 11th, 2009 at 9:44 am
Hi, I would like to franchise fruitas business and I would like to know how I can avail of a loan that could help me get a franchise. Thank You very much.
Ms. Theo Niño
Oct 15th, 2009 at 2:51 pm
Hi,my wife and i would like to put up a Water Refilling Station,we are in need in funding to acquire the machine and some
equipments,at present,we’re both working in private firm and we are also a SSS member,we need about 400k for this business,
How we can avail of the SSS Speial Financing Program Loan .
hoping for your reply.
Thanks
Oct 24th, 2009 at 9:36 pm
hi.. i need a money of 200k to franchise a business.. how can ia vail of the financing program of sss.. im currently employed right now. can u help me? pls contact me in my no. 09273947396 or ym me at irishgsd2000.. thanks
Nov 1st, 2009 at 6:05 pm
Joel Ngo
I can assist you in obtaining a financial assistance for your contract growing project from the Agricultural Comprehensive Enhancement Program (ACEP) of the Department of Agriculture. The financial assistance is without interest. You can get up to 15 M. Payable in 6 years 1 year grace period.
You can contact me at 09085946641/09277922945.
Dario Quitan
Nov 1st, 2009 at 6:23 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